News

A new study revealed that 71% of small businesses who offer direct deposit provide the option for employees to split their earnings into other accounts as one way to save.

More of the credit union CEOs tapped this month for Federal Reserve advisory panels meeting in the coming weeks spoke out Friday about issues they might raise, with debit interchange and tight mortgage conditions leading the list.

The NCUA's recently filed amended complaint in its court battle with Siravo, et al., runs for 63 pages, but four words in bold on the front page sum up the document: Demand for Jury Trial.

Two members of the Senate Banking Committee wrote Federal Reserve Chairman Ben Bernanke asking him to "create a workable small issuer exemption," in the debit interchange rule that the Fed is writing.

Michael McGrath, the former CEO of CU National Mortgage, was sentenced to 14 years in prison today for his part in a scheme which saw some credit union mortgages fraudulently sold on the secondary market.

This year may be a repeat of 2010's below-trend savings growth for credit unions as members continue to focus on paying down debt.