News

Nine credit unions from six states shared $17.15 million that the U.S. Treasury Department has awarded to credit unions out of the most recent round of funds.

Federal credit unions could be subject to additional subpoenas for information from state attorneys general as a result of a U.S. Supreme Court decision issued last week.

Fraud connected to mortgage applications helped push overall filings of suspicious activity reports by financial institutions to a record level, according to the Financial Crime Enforcement Network.

The $58 million Entrust Federal Credit Union provided another example of credit unions coming through for their members recently when it helped a member get ahold of needed cash while overseas.

At least 60 California credit unions will accept the state's IOUs, which the Golden State began issuing July 2 instead of employee paychecks.

The most recent Discover Financial Services' U.S. Spending Monitor survey suggests that credit unions will have to wait a bit longer for members' use of credit cards to return to previous levels.