News

Individual retirement account holders tend to stick with regular contributions and increase their deposits each year, according to an industry survey.

The average outstanding credit card balance was $4,951 during the second quarter, a drop of 13.4%, according to a report issued by the credit reporting company TransUnion.

The $8.9 billion Members United Corporate FCU yesterday reported a $4.6 million net loss for July 2010, driven by $8 million in new other-than-temporary-impairments from its latest investment review.

The African-American Credit Union Coalition recently named two CEOs co-recipients of its Pete Crear Lifetime Achievement Award.

The Wisconsin Bankers Association's claim that credit unions are not doing enough to serve the underserved is a "shameful" attempt to deflect from business lending efforts, the Wisconsin Credit Union League said.

The website and phone number for CU Business Capital LLC, which was owned by Eastern Financial Florida Credit Union, are both inoperable in light of a loan participation lawsuit.