News

Desert Schools Federal Credit Union has signed a partnership with Moorestown, N.J.-based privately held payroll company PayChoice.

The recent surge in favorable coverage of credit unions by the national media triggered a new ad buy by a Denver CU that mentions New York Internet publisher and blogger Arianna Huffington.

"CBS News MoneyWatch" has solidly endorsed credit unions for consumers.

Malware that bypasses most anti-virus protections and steals online banking credentials has been reported at "dozens of credit unions," warns the Credit Union Information Security Professionals Association.

Banks paying executives salaries that are deemed to encourage risky financial activities would be levied a higher premium by the FDIC, according to the provisions of a proposed regulation that the agency sent out for comment today.

The SBA has awarded SouthWest Federal Credit Union its 2009 Blaine Andrus Memorial award for the $147 million cooperative's dedication to Utah's small businesses.

Credit union members including those with business accounts recently helped Eastern Corporate Federal Credit Union's remote deposit capture service DeposZip surpass $315 million.

Credit unions had $237 billion in outstanding consumer credit in November, down from the revised figure of $240.6 billion in October, according to data released by the Federal Reserve.