News

INDIANAPOLIS -- The "Invest in America" auto loan deal, put forward this month by the Michigan Credit Union League, Midwest leagues and CUNA, won praise this week from Sen. Richard Lugar (R-Ind.) to help spur auto purchases.

SAN DIMAS, Calif. -- Moody's Ratings Service announced yesterday that it has downgraded Western Corporate Federal Credit Union's long-term rating from Aa3 to A2, and placed both that rating and WesCorp's Prime-1 short-term rating on review.

WASHINGTON -- Credit unions and their members looking for information on how to avoid having one's identity stolen can download a copy of the brochure You Have the Power to Stop Identity Theft from NCUA's Web site.

SYDNEY, Australia -- Police in the Australian state of New South Wales are forming a task force with financial firms and retailers to combat an epidemic of attempts to steal money from ATMs by blowing them up, according to press reports.

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

ROCKVILLE, Md. -- MCT Federal Credit Union has been honored as one of the state's exceptional 53 companies.

DALLAS -- Responding to the needs of a business member, Lone Star Credit Union has deployed an ACH solution from Goldleaf Financial Solutions Inc. of Atlanta.

WASHINGTON -- A card issuer that marketed Visa and MasterCards specifically to the subprime market will have to reverse more than $114 million it charged cardholders in fees, as part of a settlement reached with the Federal Trade Commission.