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Xtend Inc., a provider of back-office services to credit unions, said it has exceeded the $1 million mark in revenue for a fiscal year for the first time in its eight-year history.

Gen Y is going to be spending $2.45 trillion annually by 2015, and credit unions that want a piece of the pie will have to look at their lending product offerings to see whether they match young people's needs and expectations.

In the current climate of rising delinquencies and tightened regulation, credit unions need to be smarter to find opportunities to improve non-interest income.

Saying that the recovery isn't occurring fast enough, the Federal Reserve announced today it will buy $600 billion of U.S. government debt over the next eight months.

Credit unions must focus on Gen Y 101--products and services--before they can worry about Gen Y 201, marketing.

Fraudsters phishing for victims keep changing their tactics, and consumers and the financial institutions that serve them need to remain vigilant, according to the Identity Theft Assistance Center in Washington, D.C.