News

Consumers in the U.S. opened credit card accounts at a rate almost 17% slower in 2006 than they did in 2001, according to Experian, a leading consumer credit bureau. The company also reported card accounts are going more than 90 days delinquent at a rate over 12% faster than they...

Two Republican House members from Pennsylvania were seated on the House Financial Services Committee in the 109th Congress, but only one will be returning.

In light of the recent election season, NAFCU's November 2006 Flash Report looked into credit unions' political involvement and discovered that most credit unions surveyed are politically active. Eighty percent said either a board member or senior staffer had contacted their member of Congress within the last year. Most, 78%,...

As credit unions work to offer their members more small business loans and services, Visa USA has been steadily making its way into the small business market, offering credit unions the tools that Visa says they will need to meet their members' small business needs.

Covera Card Solutions, a card processor formerly known as Card Services for the New York Credit Union League and still an affiliate, saw its ATM base increase 12% in its inaugural year, the firm said.

NCUA approved just 16 mergers last month, far less than the 26 approved in September and 29 in August.