The Bush Administration has broken with its prior policy and has sought an appropriation for the U.S. Treasury Department's Community Development Financial Institutions Fund. In previous years the Administration has sought to eliminate the program, but in the budget for fiscal year 2008 the administration sought $29 million for the...

NAFCU Services Corporation, a wholly-owned subsidiary of NAFCU, has named Fifth Third Processing Solutions preferred partner for electronic funds transfer services. Those services will include ATM and debit card processing, terminal driving and network gateway transaction processing.

Larry Duckworth, CEO of the $1 billion OmniAmerican Bank (formerly OmniAmerican Credit Union) died Feb. 8 at age 59 of a heart attack. Duckworth, who had suffered from heart disease and hypertension, was recovering from a heart operation at home when the heart attack occurred.

The Center for Responsible Lending, an affiliate of the $262 million Self Help Credit Union, has issued a report that charges banks and credit unions are hurting consumers with costly overdraft loans tied to debit card transactions.

Lafayette Federal Credit Union's conversion controversy appears headed to court.

The $2.7 billion Desert Schools Federal Credit Union is bracing for possible negative feedback from some of its more than 334,000 members over a savings program targeted at undocumented migrants.

TNB Card Services, the card portfolio purchasing and servicing affiliate of credit union-owned Town North Bank will be one of the beneficiary's of an additional $60 million that the bank's 36 CU owners have invested in the institution.

Asset Exchange, a leading broker of credit union card portfolios, has publicly announced a change in policy. From now on the firm will represent the credit union looking to sell its card portfolio and not the organizations looking to buy it.