News

With some recent suggestions from both CUNA and NAFCU, the IRS may be one step closer to providing guidance on determining whether a retirement plan offered by federal credit unions are considered a governmental plan under the Internal Revenue Code.

Vista, Calif.-based technology vendor Bluepoint Solutions mission stretches beyond providing paperless technology solutions to its clients, which include more than 1,500 credit unions.

Visa USA has reported that U.S. financial institutions have issued more than one million credit and debit cards that use information on embedded computer chips to validate transactions instead of magnetic stripe technology.

While the 550,000 policyholders of the newly restructured CMFG Life Insurance Co. may not see any substantial changes, the firms parent company is looking forward to how the move will help it diversify and expand beyond the credit union industry.

After more than 75,000 people asked Sallie Mae to stop charging forbearance fees to unemployed college students via an online petition, the education-focused financial services company made a compromise.

Republican chair of House Financial Services Committee being probed for possible insider stock trading.