News

ORLANDO, Fla. - Credit unions should issue cards to help their members, but if they do, it pays to invest in learning how to manage them properly, said card consultants and experts addressing a card management school.

The global economy could decline for the first time since World War II, according to a report from the World Bank.

ORLANDO, Fla. - Consultants attending the Card Analysis Solutions Card Management School say that a greater percentage of credit unions are closing and reissuing credit/debit cards reported compromised in the Heartland Payment Systems breach.

In a surprise move, Central States Mortgage Co., a Wisconsin-based CUSO and one of the nations's largest mortgage units servicing 250 CUs, suspended operations Monday following long running court litigation and a management shakeup involving the CUSO.

The Insurer Financial Strength rating of CUNA Mutual Insurance Society and its wholly owned property casualty subsidiary CUMIS Insurance Society, Inc. has been downgraded from A to AA- by Fitch Ratings.

For Treasury Secretary Timothy Geithner, who has practically been flying solo since taking office, help may soon be on the way.