CO-OP Financial Services has reported that it processed more transactions last year than it had in any previous year.

Ron Woodbury, a former executive vice president at the $781 million Altura Credit Union of Riverside, Calif., who left last July to start a consulting business, is running for mayor of the community in 2012.

Saying the Fed's proposed interchange rule could have "tragic consequences" for credit unions, their members and any debit card user, CUNA President/CEO Bill Cheney today asked the House Financial Services Committee to hold hearings.

Credit unions should perform thorough due diligence to determine their risk exposure from using corporate credit unions compared to using third-party firms, the NCUA advised credit unions in a letter sent last week.