Construction spending declined 0.6% in November, according to data released today by the Commerce Department.

The NCUA filed suit in Los Angeles Superior Court Dec. 30 to replace seven natural person credit unions as plaintiffs in a negligence suit against current and former employees and volunteers of failed Western Corporate Federal Credit Union.

The president/CEO of Chartway Federal Credit Union in Virginia said its New Year's Eve acquisition of a troubled Utah CU underscores the difficulties many CUs have in venturing into big-ticket business lending projects.

In the New Year, consumers have said decreasing debt is their number one priority with savings taking a back seat, the National Foundation for Credit Counseling reported Monday in its monthly online survey of 6,100 individuals.