News

Moving to tamp down interest in a proposed mutual bank conversion of Beehive Credit Union, the Utah League of Credit Unions has launched a "member information" Web site (membershipcounts.com).

NCUA regulations permit deposit insurance coverage for individual retirement accounts and trusts upon the death of the accountholder even if the beneficiary is not a credit union member.

Innovation clearly involves risks and can be costly, but knowing where to innovate is more important than figuring out how to innovate, one expert said during a keynote session at NACUSO's annual conference here.

The Maine Credit Union League is the latest league to focus on branding its state's credit unions.

In a comment letter to the Office of Thrift Supervision, CUNA said the regulator's proposed rule to expand savings and loan holding companies' authorities does not provide sufficient transparency, similar to credit union to mutual savings bank conversions.

A survey from TransUnion and the consulting firm of Edgar, Dunn and Company has found that more consumers prefer debit cards to every other method of payment. But, at the same time, the survey found that consumers have been closing more credit card accounts than they have been opening.