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The CEO of an $80 million El Paso credit union and a director of the Texas Credit Union League appealed Friday for greater industry calm and thought before "deserting the corporate model" and switching to the Federal Reserve.

NAFCU has written a letter to the Federal Reserve expressing concerns that the debit interchange cap that the Fed is currently writing may wind up impacting credit unions as well as large banks.

Even as credit unions continue to manage deposit yields, for many consumers, some concerns are more pressing, such as reducing debt.

The NCUA turned over 750,000 pages of documents about its handling of U.S. Central Corporate Credit Union to Corporate America Credit Union, which is suing former directors and executives of U.S. Central.

Compliance and performance concerns will drive growth in IT spending in financial services next year across the globe, according to Ovum.

ALEXANDRIA, Va. -- Federally chartered corporate credit unions would be allowed to assess annual membership fees and increase the amount of retained earnings, according to proposed rules issued today by the NCUA.