News

DALLAS -- TNB Card Services, the card processing arm of credit union owned Town North Bank, announced it has purchased the credit card portfolio of the $104 million Zia Credit Union, headquartered in Los Alamos.

DALLAS -- TNB Card Services, the card processing arm of credit union owned Town North Bank, announced it has purchased the credit card portfolio of the $104 million Zia Credit Union, headquartered in Los Alamos.

WASHINGTON -- Due in part to less creditworthy applicants, the Small Business Administration said loan activity in August and September declined by more than 50% compared to the same period in 2007.

WASHINGTON -- Due in part to less creditworthy applicants, the Small Business Administration said loan activity in August and September declined by more than 50% compared to the same period in 2007.

WASHINGTON -- In another effort to increase the flow of credit, the Federal Reserve announced today that it will purchase short-term debt.

WASHINGTON -- Credit unions declined to comment on the immediate effect of the financial rescue plan signed into law lastFriday. But one attorney suggests that CUs look for alternative sources of capital and to Europe for new loan products.

WASHINGTON -- Credit unions declined to comment on the immediate effect of the financial rescue plan signed into law lastFriday. But one attorney suggests that CUs look for alternative sources of capital and to Europe for new loan products.

CALABASAS, Calif. -- More than 60 financial institutions have deployed, are in the process of implementing or have contracted to use the new FinanceWorks online financial management solution from Digital Insight, the company said.