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SCOTTSDALE, Ariz.–The unique and vital “network effect” among credit unions is what is really the differentiator, according to four people here who offered examples of how that differentiation is—and must—play out.

NEW YORK—In a new, unique, credit card promotion, American Express cardholders may be eligible for an Amazon promotion where they can save big on Amazon purchases by redeeming as little as one Amex point, according to a new report.

SCOTTSDALE, Ariz.–The hardest part of innovation isn’t coming with ideas, according to Mark Meyer—it’s applying a framework or rubric that asks if the idea is feasible and viable demonstrating whether it can work—in short, it's incubation.

MADAWASKA, Maine–NorState FCU has selected PSCU to provide debit and credit card processing services and support.

NEW YORK—Fewer banks are raising underwriting standards for credit cards, auto and other consumer loans, though lending conditions remain historically tough, according to a new report.

WASHINGTON—Rep. Zach Nunn (R-IA) thanked credit unions on the House floor this week for the loans many provide to help families with adoption costs.

PEORIA, Ill.–Citizens Equity First Credit Union (CEFCU) has declared it will pay a $40-million Extraordinary Dividend to members.

VILNIUS, Lithuania—The USAID/World Council of Credit Unions (WOCCU) Credit for Agriculture Producers (CAP) Project is reporting it assisted representatives of Ukraine’s credit union sector to prepare to implement the country’s new credit union law by leading them on a study tour to learn the best practices of Lithuanian credit union operations, regulation and supervision.

LAKE FOREST, Ill.—At a time when credit unions are under fire for overdraft revenue, a new study also finds credit unions rely more on fee income than banks—and the author of the study is offering some ideas on what to do.

ARLINGTON, Va.—Total vehicle sales decreased 100,000 annualized units in November and monthly sales levels were up 7.4% year over year, new data show.