News

In a sign that the economy may be picking up, the gross domestic product increased at an annual rate of 2.8% in the third quarter, according to a second estimate released today by the Commerce Department.

The FDIC reported today that its Deposit Insurance Fund has a balance of -$8.2 billion.

Citing critical issues before Congress on everything from card interchange and overdraft protection to business lending and regulatory reform, CUNA, joined by state leagues, has now set the week of Dec. 7 for its "National Hike The Hill" campaign.

Credit Union 24, one of two nationwide credit union owned ATM and EFT networks, has a launched a Spanish language version of its Web site.

More than 1,100 new member accounts have been added at Coastal Federal Credit Union in Raleigh, N.C., in the past six months using a new online account opening and funding solution from uMonitor, the company and credit union said.

Digital Insight has named Mobile Money Ventures, a joint technology launch by Citi and SK Telecom, as the online banker's preferred mobile financial services provider.

Forty percent of the industry's year-to-date savings increase has flowed into money market accounts ahead of regular shares and certificates of deposit.

The $71 million Rutgers Federal Credit Union, which serves employees and staff of the New Jersey university as well as two hospitals, said Monday it remains open to a merger with a smaller unaffiliated nearby CU, locked in a bitter member/board dispute.