News

The average yield for interest-bearing rewards checking programs of credit unions and banks is now at 3.3%, according to a new study issued by Bankrate Inc. the Florida-online research firm.

Large banks may be in survival mode now, but "once they get their TARP funds back" these competitors will become more challenging than ever to credit unions, former NCUA chairman Dennis Dollar warned California/Nevada CU leaders late Friday.

Preemption of state laws and exempting more credit unions from examination by the new consumer regulator are key priorities of the credit union trade associations as a Senate panel begins marking up regulatory restructuring this afternoon.

The Regional Airline Association, a trade group representing 32 airlines and 280 associate members, is the latest to tap the $2.5 billion Wings Financial Credit Union as its official credit union.

Marketing changes, including new signage and ad material, were being readied this week for the April 1 startup of the newly branded $1.5 billion Lake Trust Credit Union of Lansing, Mich.

Great Plains Federal Credit Union has replaced its 90s-era Web site with a new presence it said it aimed at helping establish its online brand equity and attract the business of younger people.