The country's largest banks are cooperating at the behest of the U.S. Treasury Department to build a $100 billion fund to back up the mortgage securities market. The New York Times and Wall Street Journal broke the news Sunday, likening the creation of the fund to the Federal Reserve's organized...

Asset Exchange, the a former leading broker of CU card portfolios will be urging credit unions take a more cautious stance toward the still controversial transactions as part of a web event sponsored by a well known portfolio sale opponent.

Noted credit card issuer Capital One is working on a "decoupled" debit card product which will allow cardholders to withdraw funds from their credit union share draft accounts.

OKLAHOMA CITY--Now there could be two showcase conference centers for credit unions here next year with the long-planned Credit Union House set to open late in 2008 and the state regulator putting up a gleaming new building blocks from the state capitol building.