News

WASHINGTON -- The Federal Reserve reported that consumer credit debt rose $5.2 billion in the month of February for a total of $2.54 trillion, not including home equity borrowing.

INDIANAPOLIS -- For Indiana credit unions, it may still be too early to determine how widespread of an impact the shutdown of ATA Airlines Inc. will have on members who were employees of the Indianapolis-based carrier.

NORTH CHARLESTON, S.C. -- When South Carolina Federal Credit Union went searching for ways to build relationships with members, Beth Jaskiewicz, senior vice president of marketing, looked at reward checking and all its other income-generating products.

PHILADELPHIA -- Philadelphia Federal Credit Union's board of directors announced that the credit union is now qualified to insure regular member savings accounts up to $350,000 and retirement accounts up to $500,000.

CHARLOTTE, N.C. -- California credit unions that offer a full menu of mortgage options may gain some market share if they seek to take advantage of Charlotte-based Wachovia Bank's likely withdrawal of option ARMs from its mortgage offerings available in California.

RANCHO CUCAMONGA, Calif. -- The Richard Myles Johnson Foundation, San Mateo Credit Union and the California and Nevada Youth Involvement Network have joined forces to honor schools dedicated to helping students become more financially savvy adults.