News

St. Mary's Bank President/CEO Ronald Covey and Mid-Atlantic Federal Credit Union President/CEO Rick Wieczorek are scheduled to discuss the state of business lending and commercial restate during a House committee hearing on Friday.

Members of the Credit Union Association of New Mexico are getting a 20% rebate on their 2009 dues.

Despite this "very challenging year," Financial Service Centers Cooperative, the California-based shared network, expects to return a $640,000 dividend to its participating credit unions, the firm said Wednesday.

Barney Frank (D-Mass), chairman of the House Financial Services Committee, told attendees at CUNA's Governmental Affairs Conference that they should celebrate the fact that the pending financial services reform legislation does not include them at all.

A new study by Bankrate Inc. the Florida research firm, is finding banks and credit unions are charging consumers a steep price for early withdrawal of CDs.

One day after the Credit CARD Act went into effect, one trade group is concerned that swipe fees could total $48 billion for small businesses and their customers.