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Gen Y is going to be spending $2.45 trillion annually by 2015, and credit unions that want a piece of the pie will have to look at their lending product offerings to see whether they match young people's needs and expectations.

In the current climate of rising delinquencies and tightened regulation, credit unions need to be smarter to find opportunities to improve non-interest income.

Saying that the recovery isn't occurring fast enough, the Federal Reserve announced today it will buy $600 billion of U.S. government debt over the next eight months.

Credit unions must focus on Gen Y 101--products and services--before they can worry about Gen Y 201, marketing.

Fraudsters phishing for victims keep changing their tactics, and consumers and the financial institutions that serve them need to remain vigilant, according to the Identity Theft Assistance Center in Washington, D.C.

Credit union stalwart Rep. Paul Kanjorski (D-Pa.) saw his 26-year congressional career end, yet Senate Majority Leader Harry Reid (D-Nev.) survived yesterday's election which gave the Republicans large gains in both chambers.