News

Community development credit unions that applied for funds from the Community Development Capital Initiative have started to receive them.

WASHINGTON -- Sen. David Vitter (R-La.) expressed support today for keeping credit unions' tax-exempt status but said he is undecided about raising the cap on member business loans.

The Fair Isaac Corporation, the parent of the widely used FICO credit score, is emphasizing the ways some of its analytical tools can help credit unions and other card issuers better target their card offers.

More than 170 applicants submitted proposals for a new SBA pilot program that aims to help small businesses tap into their respective region's economic assets.

The 8,100 members of $51 million Perfect Circle Credit Union will now see ads targeted just to them, if they bank online with their Hagerstown, Ind., credit union.

uMonitor said it has now deployed person-to-person money transfer functionality to all users of its uTransfer account-to-account solution.