News

The prospect of big loan demand from state employees resulting from Illinois' current budget crisis has one credit union prepared with revised procedures "so we don't waste a lot of staff time with inactive accounts."

CUNA Mutual Group said it has signed a letter of intent to sell its individual retirement account services division to Ascensus, a retirement services firm.

Citing the "the current stressed environment," the Federal Financial Institutions Examination Council has made a policy statement on the issue of financial institutions changing their charters.

Organizations that provide information about consumers to credit reporting agencies must include information about the individual's credit limit, under regulations released today by the NCUA and four other regulators.

Beginning today, auto, recreational vehicle and other dealerships can apply for a revolving line of credit financed through the SBA's 7(a) loan program.

The $184 million Beehive Credit Union has sold its $9 million credit card portfolio to TMG Financial Services.