News

The Credit Card Act of 2009 has helped the percentage of consumers dissatisfied with their credit cards drop slightly, but credit cards remain on of the lowest ranked consumer services ever.

These days, CUNA Mutual Group says it pays out nearly $3.4 million in claims each day, which is a historical leap from the $40 death benefit it first paid 75 years ago.

Consumers used nearly 80% of their $29 billion in maturing CDs to pay down credit card balances in the first half of 2010.

NCUA Chairman Deborah Matz has assured leaders of Texas credit unions the agency expects to honor expiring service contracts CUs have with conserved corporates possibly putting the contracts on a month-to- month basis.

Growth and net worth ratios of Alabama and Florida credit unions remain on a firm upward climb despite the tough economy, the League of Southeastern Credit Unions reported this week.

The Credit Union Association of Oregon is jumping into the November race for state treasurer giving formal support to the Democrat incumbent, Ted Wheeler.