News

The recession continued to cause consumers to be stingy about parting with their money at retail outlets the Commerce Department reported today.

The Credit Union Acceptance Company LLC and CU Business Capital LLC have formed a joint marketing partnership that will target their respective clients.

NAFCU President Fred Becker today asked the Senate Banking Committee to take "immediate action" on NCUA's proposal to create a stabilization fund for corporate credit unions but suggested changes to the plan, including expanding the repayment period.

Michael Sauer has been named the new president/CEO of $1.8 billion Texans Credit Union effective immediately after serving in an interim role since January.

Two more bank failures Friday including a $2 billion institution in northern Colorado were putting credit unions once again back in the limelight.

The improper use of private annuity and foreign trusts and individual retirement account abuses are among the top scams in the Internal Revenue Service's "Dirty Dozen" list.