News

World Council of Credit Unions has reached an important milestone - it's 40 years old today.

Credit union-issued credit cards largely held their balances and even grew a little as Americans continued their retreat from other issuer's cards, according to Federal Reserve data.

The long-ailing Silver State Schools Credit Union of Las Vegas said Tuesday it is witnessing "a sharp improvement in earnings," having trimmed its nine-month loss to $17 million, a 58% gain over the $40.9 million a year ago.

Consumers are more willing to take on credit overall, though consumer credit at credit unions declined slightly in September, according to data released by the Federal Reserve.

uMonitor and Continuity Control are now offering a combination of their automated compliance and account opening and funding solutions, the companies said.

Credit unions wanting to make some inroads into the business services market might consider the mobile channel.