News

Consumers opened up their wallets again last month for more big-ticket items such as cars, appliances and office equipment last month, the Commerce Department reported today.

In yet another alleged scam involving certificates of deposit and credit unions, one more person has been arrested for supposedly defrauding three Pennsylvania cooperatives out of $2 million.

More evidence that credit unions are bucking the national trend of shrinking credit lines and diminishing use of credit cards.

To mark International Credit Union Day, the Georgia Credit Union Affiliates released results of a poll that showed the recession is causing Georgia consumers to spend far less than a year ago.

Almost 70% of credit union executives surveyed by NAFCU reported an increase in members switching loans from banks during the past 12 months.

The $5.2 billion Security Service Federal Credit Union in San Antonio is the first CU to roll out a MasterCard tool to help MasterCard debit cardholders track their debit card spending online.

Bolstered by requests from hard-pressed municipalities,

Banks are demanding more personal guarantees on small business loans as the lenders continues to put the squeeze on credit access.