News

Credit Union Times is now closed in observance of the holiday. We will re-open Monday, Jan. 4.

Citing newfound industry cooperation and enhanced services, the Credit Union Association of New York is winding up 2009 with a blip in new members--14.

PM Systems Corp. said it has signed CommonWealth Central Credit Union in San Jose, Calif., as a new user of its online banking suite.

Credit unions have long become accustomed to holding the bag after hackers crack a retail payment system, but now some restaurateurs have filed suit against a provider of a payment system they say was not compliant with industry card security standards.

The long-running industry debate over federal versus private insurance for credit unions was fired up again this week thanks to the financial mishaps at Silver State Credit Union in Nevada.

As some credit unions have changed from fixed rate cards to flexible rate cards to protect themselves from possible interest rate risks, they have faced some push back from members unhappy about the change.