News

Those small businesses that did not have a lien, judgment, collection filing, bankruptcy or severe payment delinquencies prior to the start of the economic downturn in 2007 are doing better than other firms.

The case of the Pennsylvania federal credit union being sued for allegedly not having labeled its ATMs with the required fee notices is meandering through the legal process.

Heartland Payment System, blamed for what could be the largest card data breach in U.S. history, said the fallout has cost the company $32 million so far this year.

Credit unions had $235.9 billion in outstanding consumer credit in June, up from $235.6 billion in May, according to data released late Friday by the Federal Reserve.

The traditional model of client's investment book of business being managed by just one advisor may not be as common at credit unions and other financial institutions.

Central Corporate Credit Union President/CEO Bill Walby said his team didn't anticipate U.S. Central's losses before others did. However, the corporate's management and board did make some key policy decisions.

A second Phoenix credit union, the $420 million Arizona Central, has created a Web site to help the state's unemployed to help them find jobs and get financial aid.

Credit unions already enrolled in the U.S. Treasury Department's Making Home Affordable Program said they are working hard to help members behind on their mortgages make it through the so-called "waterfall test."