News

LENEXA, Kan. - U.S. Central Federal Credit Union announced late Wednesday it has completed the conversion of $450 million in Membership Capital Shares (MCS) to Paid-In Capital (PIC II) shares.

WASHINGTON - The REAL Solutions program of the National Credit Union Foundation is now a full year ahead of schedule with 30 state leagues as participants, NCUF said Friday.

NAPLES, Fla -- A majority of participants in a online survey conducted by CardTrak.com said they saw their credit card interest rates rise in 2008 and many others have reported a variety of other changes in their cards.

GRAND RAPIDS, Mich. - CU*Answers has a nice problem to have.

NEW YORK -- The practice of credit card affinity market and agent issuing with colleges and universities has begun to come under scrutiny in the current economic crisis, according to a story in the New York Times.

CHICAGO -- The Illinois Attorney General has alleged that seven individuals working at a Wal-Mart in Crestwood Illinois have been involved in fraudulent card scheme involving stealing credit card numbers and then encoding them onto gift cards.

WASHINGTON -- Floods and hurricanes kept the Small Business Administration very busy in 2008 with the agency approving more than 20,100 disaster relief loans worth $1 billion.

WARRENVILLE, Ill. - Primary Financial's expansion of its SimpliCD product could be the biggest thing to hit credit union business development efforts since HR 1151, according to Mike Lee, President of Member United Corporate FCU's Midwest region.