PURCHASE, N.Y. - Credit unions and banks that issue MasterCard stand to lose control of the brand after an initial public offering which the number two card brand says will give it the resources it needs for a rapidly shifting legal and regulatory environment. MasterCard is currently controlled by 1,400...

NEW ORLEANS - The staff, volunteers and members of credit unions across the U.S. Gulf Coast from Mobile, Alabama in the east to New Orleans, Louisiana in the west have been caught up in what may prove to have been the worst natural catastrophe in U.S. history. Hurricane Katrina struck...

ALEXANDRIA, Va. - The financial prospects for the leaderships of the $1.4 Community Credit Union and the $1.2 billion OmniAmerican Credit Union improved substantially last week when the NCUA agreed to validate their charter change balloting and to withdraw its requirements that the credit unions conduct their votes again. The...

WASHINGTON - Bankers have been generally exulting in the wake of the recent decision by Magistrate Judge Don Bush's decision to recommend that the U.S. Circuit Court for the Eastern District of Texas find for the $1.4 million Community Credit Union and against the NCUA. The credit union, along with...

SHERMAN, Texas - Even though, as of press time, it appears that the Court deciding the case between the $1.4 billion Community Credit Union and the NCUA ignored the "friend of the court" briefs, the small group of Community members who have gone on record as opposing the credit union's...

ARLINGTON, Va. - As more time has passed since the CardSystems data security breach, the fallout indicates that the threat of wide-spread card information risks may be with credit unions for a long time and that there may not be much they can do about it. The latest item leading...

LAKE BLUFF, Ill. - Too few credit unions get the in-depth information that they need before they make major decisions about their card portfolios, such as whether or not they should keep or sell them, without really fine tuning their program to get a good understanding of how it could...

WASHINGTON - A federal appeals court has reversed a previous NCUA decision to fire an employee, ruling that the agency did not follow proper procedures when dealing with him and declaring that the agency may have terminated him in retaliation for his blowing the whistle on a previous scandal. The...