News

The $4 billion Alaska USA Federal Credit Union, long a presence in the Washington State market, has now expanded its footprint in that state.

Global volume of SMS text messages for mobile banking is expected to triple in the next five years, according to Juniper Research.

Consumers are still reluctant to take on credit but credit unions saw a slight increase in outstanding consumer credit, according to data released by the Federal Reserve.

On the heels of winning a prestigious industry honor, the $188 million North Jersey Federal Credit Union announced this week it is embarking on a broader community service mission by setting up--for the first time--an in-house foundation.

Effective today, the SBA has permanently increased the 7(a) loan limit from $2 million to $5 million and 504 loans to $5.5 million through provisions under the new Small Business Jobs Act of 2010.

In the wake of reports by some large lenders about problems in their foreclosure review process, the Senate Banking Committee announced today it will hold a hearing when Congress returns next month.