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SCOTTSDALE, Ariz.—A move made by the Federal Reserve in late 2022 means it’s time many credit unions redesign their checking accounts to keep interchange revenue flowing at current levels, according to one analyst, who says the issue is especially acute for smaller institutions.

NEW YORK–The nation’s biggest banks have been tightening loan underwriting standards and adding to their allowances for loan losses in preparation for potential problems with credit card loans in the future, according to a new analysis.

NEW YORK–With most checking accounts continuing to pay little to no interest, an increasing number of consumers are moving their day-to-day funds to brokerage accounts in order to get higher returns, according to a new report.

COPENHAGEN, Denmark–The move to becoming largely cashless in Denmark has had another effect many had not given much thought to: there were no bank robberies in the country during 2022. 

OKLAHOMA CITY, Okla. —Communication FCU here has selected PSCU to provide it with credit card processing support and services.

WALTHAM, Mass.–— RTN Federal Credit Union has donated dozens of handmade blankets and $250 towards the purchase of blankets, clothing and pajamas to the Massachusetts Coalition for the Homeless’ A Bed for Every Child Program. 

WEST CHESTER, Ohio–Kemba Credit Union has entered into a multi-year agreement with CUSO Financial Services, a subsidiary of Atria Wealth Solutions, Inc., to support and grow the CU’s wealth management program, Kemba Investment Services.