News

The economic crisis plus new mortgage opportunities for credit unions has given "real validity" to the newly-minted League of Southeastern Credit Unions, Guy M. Hood, president/CEO of the soon-to-be consolidated Florida Credit Union League said Friday.

Gartner research has reported that 7.5% of consumers it surveyed have lost money due to some sort of financial fraud, most of the time breaches of their credit and debit card security.

Credit union consumer lending rose to $240.2 billion in January, up from $237.l6 in December, the Federal Reserve reported today.

Credit unions got a mixed back of goods when the House of Representatives passed a housing bill yesterday by a margin of 234-191.

With NCUA's corporate bailout at the top of credit union agendas, Southwest Corporate Federal Credit Union is scheduling its first webinars on the topic March 20 and March 23, with a focus on the agency's advanced notice of proposed rulemaking.

VISA new ad campaign pushes its debit cards into a more prominent position than its credit cards and focuses more on the lower spending that is popular in the current economy.