News

Seven credit unions that filed a negligence suit last November against former and current directors and employees of Western Corporate Federal Credit Union have reached an agreement with the NCUA that will allow the regulator to intervene in the suit.

Nearly all American adults now own a cell phone and 17% of them bank on it, according to a new survey from the Mobile Marketing Association.

The troubled Silver State Schools Credit Union of Las Vegas, the state's largest, has received a financial bailout-said to be $22 million-from American Share Insurance, the Ohio private insurer.

Mid-Atlantic Corporate Federal Credit Union today announced a complete overhaul of its membership structure.

In what is being described as a "disappointing" industry defeat, the New Mexico Senate Thursday killed a House-passed bill, which would have funneled some $5 billion in state funds into community banks and credit unions.

The law passed by Congress last year overhauling credit card rules takes effect in stages. However, the vast majority of the changes take effect on Monday.