News

The $1.8 billion Kern Schools Federal Credit Union has sold its credit card portfolio to FIA Card Services, a subsidiary of Bank of America.

Senate Banking Committee Chairman Christopher Dodd (D-Conn.) announced Friday that he has prostate cancer, but it was caught in the early stages.

Jack Henry & Associates Inc. said its Symitar division has added 33 new credit union users of its core processing platform during the past 12 months.

The National Cooperative Business Association confirmed that it has been contacted by members of Congress seeking answers to questions about health care cooperatives as the nation struggles to reform its health care insurance system.

The $2.1 billion Constitution Corporate informed members today it will write off 72.4% of member capital, a total of $48.4 million, as of July 31.

Voting mostly along party lines, the House on Friday passed a measure to allow regulators to place additional restrictions on compensation packages for senior executives of larger companies.