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Town North Bank, a credit union-owned bank, has sold its card processing division to Fifth Third Card Processing.

The Texas Credit Union Department wants to get reimbursed from the industry for expenses incurred for "unusual or extraordinary" examination cases, it disclosed Wednesday.

Providing businesses with mobile banking and preventing fraud were top of mind for a group of banking brass gathered for a confab in California earlier this year. Social networking, maybe not so much.

Delinquencies fell during the second quarter in seven of the 11 bank loan categories tracked by the American Bankers Association, the group announced today.

The Missouri Credit Union Association is looking to hire a replacement for its retiring president/CEO, Roshara Holub, within the next 90 days, according to the group's chairman, Stan Moeckli of St. Louis.

The slowdown of savings growth at credit unions may be attributed to members wanting to pay down their high-cost debt first.