In response to questions raised by an investigation into the FDIC's Operation Choke Point, NCUA Board Chairman Debbie Matz said the NCUA does not directly consider reputation risk in its supervisory actions.

John Magill, CUNA executive vice president of government affairs, said CUNA's Political Action Committee,CULAC, supported the ill-fated re-election bid of House Majority Leader Eric Cantor (R-Va.)

Sam's Club, Wal-Mart's membership-only retail warehouse operation, will issue proprietary credit cards that will carry an EMV chip for authentication beginning June 23, the company said.

Car loans with seven-year terms are becoming more of the norm as consumers yearn for lower monthly payments.

The $399 million Florida Central Credit Union in Tampa plans to buy a First Federal Bank of Florida branch in Sarasota, Florida Central President/CEO Laida Garcia said last week.

William Bruns has been selected to be the NCUA's next deputy inspector general.

For the first time in 13 years, credit unions have grown their auto loan portfolios past the high of 12.9% annual growth that occurred in March 2001.

Young members of the $381 million Lafayette Federal Credit Union who organized an effort to win two board seats failed to do so but suggested they would keep on working for change in the Kensington, Md., institution.