News

RENO, Nev. -- Dennis Flannigan, executive vice president of the $115 Great Basin Federal Credit Union and a long-time director of the Nevada Credit Union League, has been promoted to CEO of the CU, it was announced Wednesday.

LINCOLN, Neb. -- The erosion of Nebraska state charters is surfacing again as an issue of rising industry concern with the state-to-federal conversion this month of the $60 million 1st Choice CU of Lincoln changing its name to Peoples Choice FCU.

LINCOLN, Neb. -- The erosion of Nebraska state charters is surfacing again as an issue of rising industry concern with the state-to-federal conversion this month of the $60 million 1st Choice CU of Lincoln changing its name to Peoples Choice FCU.

Last year Black Friday, the Friday after Thanksgiving, was the busiest day for holiday shopping last year in the top five traditional gift-buying categories with more than one-third of MasterCard payment transactions occurring before 10 a.m, according to this year's MasterCard Worldwide Holiday Shopping Insights Report.

JPMorgan Chase, the second largest card issuer in the country, has announced that its "clear and simple" cards will abandon the practice of hiking the interest rates of card holders whose credit scores decline.

Credit union card portfolio analysts and brokers report that NCUA's data shows CU card performance continues to rise this year as CU card portfolio sales have continued to drop.