News

Illinois senator Richard Durbin, a Democrat, has defended the debit card interchange amendment that bears his name, suggesting that the bank that has brought suit against it in federal court does not really understand it.

The World Council of Credit Unions will develop a five-year cooperative development program to meet the financial service needs of small farmers in Guatemala, Mexico and Kenya.

The Western states' corporate realignment task force, lead by the California and Nevada Credit Union Leagues, has agreed upon three needs: a credit union system solution, aggregation and a universal solution for credit unions of all sizes.

With two Minnesota mergers still underway, Wings Financial Credit Union has its radar set on expanding its field of membership to the Puget Sound area in Washington.

Oregon has another credit union merger in the works, which if approved would create the state's fifth largest credit union.

One of the ways Sperry Associates Federal Credit Union is planning to get back on track is by beefing up its electronic marketing efforts.

Ka'u Federal Credit Union has put a new twist on branching convenience by providing a walk up window in the town of Pahala.

The NCUA repaid $10 billion plus interest to the Treasury Department yesterday using proceeds from selling performing assets of U.S. Central and WesCorp.