Advanced search

WASHINGTON–Fannie Mae reported a $6.5-billion loss for the fourth quarter of 2017, which likely means it will need an infusion of taxpayer funds to shore up capital even as it continues to generate money for the Treasury.

COSTA MESA, Calif.—Small businesses with fewer than 100 employees saw the downward path of their delinquencies interrupted in the fourth quarter, according to a new report.

LANSING, Mich.–The Michigan Credit Union League has filed amicus briefs in federal court supporting Belle River Community Credit Union and Aeroquip Credit Union supporting their defense against what the league called “cookie cutter lawsuits alleging their websites are not in compliance with the Americans with Disabilities Act (ADA).”

RALEIGH, N.C.–State Employees' Credit Union has renewed funding for the "People Helping People" High School and Community College scholarship programs, allocating nearly $5 million toward the educational goals of college-bound students for the 2018 award year, the CU reported.

SEATTLE—Credit unions, and all issuers, have a new card competitor—Starbucks.

WASHINGTON—The House Thursday passed HR 620, the ADA Education and Reform Act of 2017, which credit unions are hopeful will be a first step in addressing the rash of the Americans with Disabilities Act (ADA) lawsuits that are hitting CUs across the country.

MADISON, Wis.—A single mom here who over the last seven months of 2017 saved more than $10,000 and reduced her debt by almost $5,000 has won the top prize of Summit Credit Union’s Project Money.

LONDON–Mark Lyonette, CEO of the Association of British Credit Unions, has announced plans to leave the organization in May.

ORLANDO, Fla.– FAIRWINDS Credit Union has launched the FAIRWINDS Virtual Advisor, which uses artificial intelligence to interact with members.

PROVO, Utah—Credit unions in Utah and Florida have named new CEOs.