News

The $3.1 billion United Nations Federal Credit Union has become the first financial institution in the United States to issue chip and PIN credit cards.

With 67% of its 42,000-member base maintaining a checking account at Alabama Credit Union, the cooperative is on a mission to be a one-stop shop.

E-mails purporting to offer $40 to participate in a survey that say they come from the NCUA are false, the agency warned today.

The Consumer Confidence Index was 63.3 this month, up from 57.9 in April, the Conference Board reported today. It's the third consecutive monthly increase and the highest level since September 2008.

Credit unions and other financial institutions that lack federal insurance must disclose that fact in their branches, their advertising and periodic statements, according to final rules approved today by the Federal Trade Commission.

The chairmen and ranking Republicans of the Senate Agriculture and Banking committees are among the 12 senators named to the Senate-House conference committee that will reconcile differences between the regulatory overhauls.