News

During the first half of the year, consumers cashed in about $29 billion from their maturing certificates of deposit to pay down credit cards and lines of credit.

The $41 billion Navy Federal Credit Union today announced it will merge the $604 million United Services of America Federal Credit Union.

As part of its effort to facilitate understanding and use of FICO credit scores, the Fair Isaac Corporation and AllRegs, a leading publisher of mortgage guides, have launched a FICO certification program.

If everything goes according to their plans, organizers of the ERDA Federal Credit Union will open the doors April 26 on the first credit union chartered under the Obama administration.

Open Lending Inc. has inked a deal with AmTrust Financial Services Inc. to become the insurance provider for a program that provides default insurance coverage for credit union auto loans.

The Michigan Office of Finance and Insurance Regulation has stopped a $5 million Ponzi scheme involving an independent contractor licensed through CUSO Financial Services LP who worked from MidWest Financial Credit Union.