Jennifer Simmons, chief membership officer of the Maryland & DC Credit Union Association, has been named the group's acting president/CEO effective on Monday, the association announced today.

UNITED SA Federal Credit Union in San Antonio has launched its own mobile banking application for the iPhone and iPod touch users among its 28,000 members.

A top Obama administration official wouldn't spell out its plans for reforming Fannie Mae and Freddie Mac but said the goals of any program will be to ensure available mortgage credit,

Like some of the smaller credit unions, the bigger, billion-dollar ones are feeling the sting of a drop in membership.