News

The Senate Banking Committee is scheduled to begin consideration of Chairman Christopher Dodd's proposal for overhauling financial regulation at 4:00 p.m. next Monday, the committee announced today.

For its brokered certificate of deposit program and member service standards, Kern Schools Federal Credit Union recently received honors from the Bank Insurance and Securities Association.

The Credit Union Association of New York and CUSO CU Student Choice announced that they have entered into a strategic partnership.

Retailers expressed disappointment this morning that the Senate version of financial reform legislation formally unveiled yesterday does not address the issue of credit and debit card interchange.

While noting that "economic activity has continued to strengthen and that the labor market is stabilizing" but expressing concern about high unemployment and tight credit, the Federal Reserve today announced it was keeping interest rates unchanged.

Compared to banks, credit unions are holding their own when it comes to keeping member business loan delinquencies and charge-offs at a minimum.