News

Vermont Governor Jim Douglas has the power to make his small state the first in the country to pass a measure that could significantly impact the amount of card interchange earned from card transactions.

The $10 billion Southwest Corporate FCU joined Corporate One FCU in deciding not to take any additional OTTI related to the Wisconsin insurance regulator's March 25 action against monoline insurer Ambac Assurance Corp.

A day after its CEO, William Cheney, was designated as the new head of CUNA, the California/Nevada Credit Union League was making plans to find a replacement.

A group of Ohio credit unions have announced an alliance to commit $150 million in assets to affordable student lending.

More than 40,000 members have signed up for electronic alerts from North Carolina's State Employees' Credit Union in the first days of its offering, and another 3,000 or so have signed for two-way text messaging.

A recent survey of bank loan officers conducted by the Federal Reserve suggests that credit unions are still likely to find themselves the only lenders to even some of their most credit worthy members.