News

Credit unions had $237 billion in outstanding consumer credit in November, down from the revised figure of $240.6 billion in October, according to data released by the Federal Reserve.

The $73 million Self Help Federal Credit Union, the California based credit union that is an affiliate of the $350 million Self Help Credit Union in North Carolina, grew even larger after taking over another California credit union at the behest of NCUA.

With all that national attention on card rates and fees, New Jersey's largest credit union, the $1.9 billion Affinity, is finding a variable low rate, 8.6%, and a stepped up promotion the right elixir toward building card volume in the New Year.

The NCUA's proposed rules on corporate credit unions and field of membership will be the main subjects at the agency's Jan. 22 Town Hall meeting in Dallas.

Some California high school and college students are among the first users of Fiserv Inc.'s new mobile offering.

NAFCU President/CEO Fred Becker today urged the NCUA to review the assisted merger process and encourage credit unions able to merge with another credit unions to notify the agency.