News

Credit unions and other financial institutions can't charge overdraft fees at ATMs or on one-time debit card transactions unless the consumer consents, or opts in, as a result of rules that the Federal Reserve approved today.

In line with trade group trends, the South Carolina Credit Union League is downsizing its board next year from 14 to seven and extending director terms to three years.

The $18 billion State Employees' Credit Union is trying to find a soft spot with the IRS as the cooperative continues to make the case that it can help the agency find recipients of unclaimed tax refunds.

California Assemblyman and candidate for Attorney General Pedro Nava has announced that the Assembly Banking and Finance Committee, which he chairs, will hold at least one hearing in January 2010 to investigate credit card interchange rates.

The Defense Credit Union Council, joined by the $52 million Heart O' Texas CU, were extending new financial aid Thursday to Fort Hood victims as officials of area CUs continued to seek out linkups with military charities to funnel member contributions.

DigitalMailer has teamed with documents services provider Standard Register to help credit unions with print and mail service.