News

NCUA today announced that yesterday U.S. Central completed an offering of $4.0 billion in medium-term notes guaranteed by the NCUA's Temporary Corporate Credit Union Liquidity Guarantee Program.

With much of the rest of the mortgage industry in disarray, the Federal Housing Administration has found itself occupying an expanded market niche.

TSYS, long a credit card processor for only the largest card issuers, has unveiled a program aimed at providing turnkey card processing and portfolio management aimed a credit unions and community banks.

As part of year-long cost-cutting the $423 million Arizona Central Credit Union of Phoenix, announced this week it is closing one of its 12 statewide after having to reduce its current payroll to 170 employees.

For the sweetest deals on certificates of deposit, consumers are typically steered to credit unions. But the competition is getting stiffer for the cooperatives.

ABC news has listed the card data security breaches at Heartland Payment Systems and TJX as among the top seven "tech disasters" of the past ten years.