It's time to say goodbye to banks and join a credit union, according to CBS Moneywatch.com, which touted credit union's lower fees, better rates and CUNA's credit union locator. Also this week on CNN, financial guru Suze Orman encouraged consumers to obtain credit cards from credit unions. ... More

The Financial Crimes Enforcement Network in a recent letter advised a financial institution whose customers cannot meet existing customer identification requirements due to their participation in state-run address confidentiality programs.... More

Two men who admitted to participating in an international identity theft scam that targeted home equity lines of credit at credit unions and banks in New Jersey and several other states were sentenced Monday in a Newark federal court to prison. ... More

Credit unions sounded the alarm that suspicious applications downloaded from Google's Android Market for cellphone apps may have stolen users' online banking information. And the Credit Union Information Security Professionals Association is alerting credit unions to a fraud attempt in the online banking arena... More

British monarch Queen Elizabeth II has named two credit union leaders from Ireland and Barbados to her 2010 New Year's Honors List, said the World Council of Credit Unions.... More

The Financial Services Information Sharing and Analysis Center has announced that on Feb. 9-11 it will hold a simulated nationwide cyber attack as part of a training program.... More

The U.S. Treasury Department's community Development Financial Institutions (CDFI) Fund announced an its 2010 series of conference calls regarding CDFI certification.... More

Bloomberg News is reporting the White House may impose a fee on financial institutions. The fee is expected to be part of the 2011 budget. ... More

The World Council of Credit Unions (WOCCU) is attempting to contact local authorities and its program staff working in Haiti to assess how best to help the estimated three million people affected by Tuesday's devastating earthquake. WOCCU's project staff are accounted for and uninjured.... More

United Nations FCU, based in Long Island City, N.Y., is awaiting word on its 530 members in Haiti after a Tuesday earthquake caused massive damage to the country's capital, Port-au-Prince. ... More