News

The NCUA issued a fraud alert for all federally-insured credit unions about a recent phishing attempt to obtain credit card account numbers and expiration dates.

Odessa Employees Credit Union Manager Sheila Kelly couldn't believe it when she got a letter from Citibank last fall, informing her that she had 30 days to close her $8 million credit union's "unprofitable" depository account, or it would be closed for her.

Members of the $115 million First Basin Credit Union who opposed the CU's recent attempt to change its charter to that of a mutual bank have begun to organize other members to replace board members.

PrimeVest Financial Services, a broker-dealer exclusively serving financial institutions has recognized Redstone Federal Credit Union as its Credit Union Program of the Year.

The Small Business Administration aims to broaden its outreach to minority entrepreneurs through a renewed partnership with the Minority Business RoundTable.

Discover Financial Services has announced two new financial tools, the Paydown Planner and the Purchase Planner to help cardholders better manage their debt load. The card brand said these easy-to-understand tools are designed to help card holders better manage their credit and empower them to make smart financial decisions.