News

House and Senate Conferees agreed to a final version of the financial reform legislation that includes controversial language mandating the Federal Reserve to set debit card interchange rates at a "reasonable level."

The Credit Union Association of New York stepped up its campaign Friday to win lawmaker support for a compromise bill on allowing the deposit of public funds with a $250,000 cap.

Credit unions were a favorite target of a specialized kind of text-to-phone phishing attacks (often called "smishing"), accounting for fully 83% of the individual brands targeted, according to online security specialist Internet Identity (IID).

The $876 million Arrowhead Central Credit Union was seized this afternoon by the NCUA and placed into conservatorship.

Former California and Nevada Credit Union League CEO David Chatfield has returned to the organizations, named interim president/CEO today.

A group of managers of faith based credit unions headquartered in New York City is forming an ad-hoc group meant to help them resist some of the pressures facing them, including compliance pressures and balance sheet worries