Mobile banking users are not necessarily more affluent than nonmobile bankers, according to Boston-based research firm Aite Group, and credit unions should invest in debit cards, prepaid cards and merchant-funded awards to attract new members.

A jury has ruled that Michigan First Credit Union was entitled to $5 million in damages from CUMIS Insurance Society Inc. in a case involving a wrongful denial of a fidelity bond claim.

Members of the $1.5 billion Baxter Credit Union have deposited $10 million using their iPhones and Androids in the first six months that the Vernon Hills, Ill., credit union has offered the remote deposit capture service.

A married couple now living in Las Vegas faces years in prison and potentially millions of dollars in fines for a scheme that wound up bringing down a small federal credit union in California.