A NAFCU representative told a hearing of the House Financial Services Committee that limiting overdraft fees to one a month per account would not be workable since credit unions and their members are not the only parties to an overdraft.

In a sign that the economy may be picking up, the gross domestic product increased at an annual rate of 3.5% in the third quarter, according to advanced estimate released today by the Commerce Department.

Security Service Federal Credit Union said it recently upgraded 10 application suites in its FIS Systematics core processing platform as a key part of its 10-year information technology strategy plan at Texas' largest credit union.

Senate Banking Committee Chairman Christopher Dodd (D-Conn.) and Sen. Johnny Isakson (R-Ga.) are expected to announce an agreement to expand the tax credit for first-time home buyers.