WesCorp wanted to enter the mobile banking market for credit unions but knew it needed something to help it stand out in that crowded space. So it went to the core of the matter. Or, in this case, the core processing system.

Joe and Jane Consumer may be overwhelmed with what the recently enacted legislation aimed at overhauling financial services means in their day-to-day lives. But advocates say the changes are really in their best interest.

Despite the ongoing economic recession, a credit union created card aimed at higher end consumers has found its niche and is making money, according to its CU creator and issuer.

ALEXANDRIA, Va. -- Federally insured credit unions that are insolvent, in conservatorship or have ratings of CAMEL 4 and 5 would be prohibited from offering golden parachutes to their executives under a proposed rule.