In a challenge to what has become conventional wisdom in many quarters, a research report prepared for the Federal Reserve Bank of New York argues payday lending is not necessarily predatory lending.

More credit unions appear to be watching and monitoring card accounts that have been reported as compromised in the latest major retailer card breach, rather than quickly closing card accounts and reissuing plastic.

A candidate for the board of the $1.7 billion DFCU Financial has appealed for help from the NCUA in getting the CU to, in her view, abide by its own bylaws in a coming board election.

The already small credit union shared branching world just got smaller. CO-OP Financial Services and Credit Union Services Corporation have signed a letter of intent to merge two of the three nationwide credit union shared branching networks. CO-OP Financial Services' current shared branching arm is the former Service Centers Corporation,...

In a surprising change of course the $320 million Lafayette Federal Credit Union has withdrawn its application to change its charter to that of a mutual bank.

The question of whether or not the $320 million Lafayette Federal Credit Union changes to a bank charter or not was back up in the air this week as the firm the credit union selected to certify its election results backed out of the certification.

Prompted in part by the charter conversion effort taking place at the $320 million Lafayette Federal Credit Union, the largest CU in the state has taken steps to make any such move in its own future a good deal more difficult.

After what seemed like a very long and difficult time, the $3.7 billion Wescom Credit Union has brought a new credit union-owned card portfolio purchaser to the market and made a splash when it did so, landing one of the biggest CU card portfolios to have sold in a long...