News

Reaffirming its role in helping the underbanked in its stores, a top financial executive of Wal-Mart Stores has expanded on the retailer's claims that part of its mission in chartering a Utah industrial loan bank is aimed at filling a void left by financial institutions.

The number of suspicious activity reports filed by credit unions is growing exponentially since greater regulatory scrutiny had been applied over the last couple of years.

NAFCU announced last week it is seeking comments from its members in preparation for a comment letter the group intends to submit on the Department of Defense's recent authority to cap interest rates on loans to military personnel.

For its efforts to ensure that those in need can continue to live affordably, Capital Credit Union recently received the Founding Sponsor Award from Rebuilding Together Fox Valley.

To more precisely target consumers' specific needs and attitudes toward certain financial products, Experian Group Ltd. and First Manhattan Consulting Group have launched a new credit scoring system.

Americans age 65 and older are the fastest growing segment of the country's population, and TruHome Solutions, LLC wants to be sure its credit union clients have all the mortgage lending options at their disposal to offer this portion of their memberships.

don't pick a site just because you think you should be there. It is a substantial financial investment so take the time for due diligence," said PWCampbell President/Chief Operating Officer Jim Caliendo.

A record 72 credit union leaders from eight African countries recently participated in the World Council of Credit Unions Strathmore-WOCCU Management Institute held in Nairobi, Kenya.