News

The $238 million Midwest Corporate Credit Union will join the $1.5 billion Eastern Corporate Federal Credit Union in signing the NCUA's revised Corporate Credit Union Share Guarantee Program, President/CEO Doug Wolf told the Credit Union Times.

Federal Reserve Chairman Ben S. Bernanke told lawmakers today that recent data indicates that the "pace of contraction may be slowing'' and the economy could "turn up later this year."

Western Corporate Federal Credit Union has a new chief investment officer.

Some 401(k) plan providers are turning down withdrawal requests from investors.

Visa USA has reported that for the first time ever Americans spent more using their debit cards than they did using their credit cards.

A coalition of credit unions and other card issuers plan an advertising campaign in advance of a coming legislative fight on card interchange, according to a statement from NAFCU, one of the coalition members.