Advanced search

WILMINGTON, N.C. —While approximately 80% of Gen Z and 75% of Millennials have chosen a large bank as their primary financial institution, 52% are willing to switch to a community bank, 50% to an online-only institution and 47% to credit union, according to a new survey.

WILLISTON, Vt.–A new name and brand have been announced by the credit union that has been formed by the merger of New England FCU and Vermont State Employees FCU.

SPRINGFIELD, Ill.–Card issuers and card companies in this state are raising significant concerns around a new law in Illinois that is the first in the nation to ban banks and credit card companies from charging retailers an interchange fee on sales taxes and tips.

DES MOINES, Iowa—Massive flooding driven by torrential rains in this state have credit unions scrambling to assist members, with the credit unions themselves reporting that to date they have largely escaped serious damage, the Iowa Credit Union League told CUToday.info.

WASHINGTON—The FDIC and Federal Reserve have announced said a joint review of the July 2023 resolution plan submissions of the eight largest and most complex banks in the U.S. has identified weaknesses in the plans from Bank of America, Citigroup, Goldman Sachs, and JPMorgan Chase.

WILLINGBORO, N.J. –ABCO FCU said it will unveil a new name and brand effective July 1.

BROOKLYN, N.Y.—The Eastern District Court of New York has rejected the $30-billion settlement between merchants and Visa and Mastercard that would have capped the fees the two card companies charge merchants, otherwise known as swipe fees.

GREENVILLE, Penn.– Bessemer System FCU is awarding a $100 one-time special dividend to each active member in good standing to “celebrate the credit union’s recent successes,” which will mean more than $330,000 infused into the local community, it said.