News

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.

The Mexican Government's Finance Ministry says it will support an application from Wal-Mart in Mexico, called Walmex, to operate a bank in its branches.