News

While it may not be considered an official "sand state," Utah's federally insured credit unions appear to be in worse shape than their southern neighbors.

International card processor First Data Corp announced that its measure of consumer spending on their debit and credit card was soft in June, indicating that consumers are still not returning vigorously to the market.

Can the NCUA back the effort underway to increase the member business lending cap while at the same time help spot and aid troubled loan portfolios?

Moving the legislative process one step closer to completion, Sen. Scott Brown (R-Mass.) announced today he plans to vote for the regulatory overhaul bill.

CUNA and NAFCU are redoubling their efforts to lobby senators to support an amendment by Sen. Mark Udall (D-Colo.) that would raise the cap on member business loans from 12.25% of assets to 27.5% of assets.

MECU in Baltimore paid members the first half of an annual cash bonus totaling over $4.2 million.