AUCKLAND, New Zealand–In a rare twist, a credit union here has purchased this country’s credit union trade association.
Fresh Today
MADISON, Wis.–UW Credit Union said it is partnering with Carvana to offer its members vehicles.
NEW YORK—Visa and Mastercard are once again in the crosshairs of U.S. antitrust regulators over policies that can prohibit merchants from routing card transactions over alternative debit networks.
WASHINGTON–Nonrecurring events at three large FDIC-insured banks contributed to the industry reporting a 7.3% decline in net income during the third quarter when compared to the same period one year earlier, according to the agency.
CHARLOTTESVILLE, Va.–U.S. bank margins fell again in the third quarter, retrenching to levels not seen since the first quarter of 2018, according to S&P Global Market Intelligence.
ARLINGTON, Va.–The National Cooperative Bank (NCB) said it is committing $10 million to the $45 million Southern Equity Fund, a partnership between Inclusiv and the Kresge Foundation aimed at addressing economic insecurity in low-income and communities of color in 17 southern states.
WASHINGTON—As growth slows on the longest economic expansion in U.S. history, nearly a third (31%) of credit cardholders hold higher card balances than they've had on average since 2009 amid the Great Recession, according to a new study.
ST. PETERSBURG, Fla.–Members from eight credit unions have been selected as winners of PSCU’s seventh annual Credit Union Magic Minute, and will now compete to see how much they can grab from a warehouse stacked with thousands of items, ranging from electronics and toys to kitchenware and household products – all in 60 seconds.
NEW YORK—Despite signs the U.S. economy is slowing, Citigroup is betting big on credit cards.
CHEYENNE, Wyo.–Blue FCU has entered into a partnership with the Budweiser Events Center at The Ranch, which is in Loveland, Colo. The Guest Services and The Ranch Bar & Grill are being rebranded the Blue Federal Credit Union Guest Services and Blue Bar & Grill, respectively. The deal is for several years.