News

A Miami Beach-based businessman and philanthropist was charged with fraud for conducting a $900 million Ponzi scheme where investors were sold securities that would fund his investment firm's grocery diverting business, the SEC said yesterday.

Credit unions' efforts to educate and work with youth were among the items mentioned in a resolution passed by the House yesterday honoring Financial Literacy Month.

Monoline insurer Ambac's weakened condition resulted in an additional $274 million worth of losses for U.S. Central FCU

Credit Card Connection, an online credit card referral service launched by Card Analysis Solutions and referenced on national consumer friendly media is helping at least one credit union draw more card attention.

Tightly managed membership rolls coupled with low deposit rates could be driving factors behind low membership growth over the long term.

CO-OP Financial Services, the CUSO parent of the CO-OP Network and CO-OP Shared Branching has announced a $10,000 prize for "the most innovative and shareable idea that will have the greatest impact on credit unions."