News

The $4 billion Kinecta Federal Credit Union has promoted Sam Oriel to vice president of Nix Check Cashing, Kinecta Alternative Financial Solutions.

In yet another sign the U.S. economy might be thawing out a bit, consumers told Discover Financial Services in May that they were a bit more confident about the economy and would spend a little more money.

The Small Business Administration is expecting such a large amount of requests for its new deferred-payment, no fee-loan program that is has capped the number of loans lenders can approve per week.

A measure allowing bankruptcy judges to rewrite certain high-interest loans would be difficult for credit unions to comply with, CUNA President/CEO Dan Mica wrote members of the Senate Judiciary Committee.

Credit unions rank "as the most popular of any financial institution," according to a telephone poll released today by the Texas Credit Union League as part of its political advocacy activity.

Two Washington-area credit unions, FDIC FCU and NSF FCU, formally merged over the weekend to form Partnership FCU.