News

San Antonio Federal Credit Union Chief Operating Officer Stephen S. Hennigan has been named president of the more than $2.9 billion credit union.

Western Federal Credit Union, having merged this week the failed $88 million Oakland Municipal CU, remains on the lookout for future municipal-based CUs in California "that fit our business model," its top management said.

Visa has announced a program that will exempt overseas merchants from card security requirements provided at least 75% of their point of sale terminals are able to read cards with an embedded computer chip to improve fraud protection.

Five Maine credit unions led by the Maine Credit Union League have now pledged $200,000 in no fee/no interest loans to assist some 400 homeowners and businesses impacted by the collapse of a Brunswick oil and gas supplier, it was announced Wednesday.

Apple Federal Credit Union is offering free workshops to help families of local college-bound high school students navigate the often complex process of filling out applications for federal financial aid.

Saying the House didn't have the chance to fully consider the implications of interchange caps, House Financial Services Committee member Kenny Marchant (R-Texas) questioned Fed Chairman Ben Bernanke about the possibility of delaying the regulations.