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CUNA, CMG data shows 600,000 new credit union members in 2012

CUNA and CUNA Mutual Group released data showing that credit unions continue to add members at a torrid pace. ... More

J.D. Power: Consumer satisfaction with bank fees drops

Consumers grew increasingly dissatisfied with retail banking fees in the past year, with a satisfaction index at 608, down significantly from 625 in 2011 and 656 in 2010, says a new survey released Thursday by J.D. Power and Associates.... More

NCUA to WesCorp court: Conservators can deny officials' coverage

The National Credit Union Administration has filed more documents in its negligence lawsuit against former Western Corporate FCU senior executives, telling a federal court in Los Angeles that, as the failed corporate's conservator, it has authority to deny the former executives indemnification and insurance coverage.... More

Catalyst files preemptive patent lawsuit

Catalyst Corporate FCU has filed a lawsuit in a federal court in Texas, seeking a declaratory judgment that it has not infringed on any processing patents, after it received a letter from a company representing an unknown "John Doe" patent holder threatening Catalyst with a lawsuit if it did not sign a confidentiality agreement.... More

Royce, media highlight MBL bill

U.S. Rep. Ed Royce (R-Calif.) and several media outlets highlighted credit unions' push to pass a member business lending bill--the Small Business Lending Enhancement Act--before the U.S. Senate this month.... More

Alabama Central CU employee prohibited by NCUA

Michael John Young, a former employee of Alabama Central CU, Birmingham, Ala., has been prohibited from future work at any federally insured financial institution by the National Credit Union Administration following his conviction on one count of bank fraud.... More

CUs teach financial skills year round, too

While financial literacy is being highlighted across the nation this month, the Wisconsin Credit Union League said credit unions provide financial literacy education throughout the year.... More

Health care law changing how CUs offer coverage

Regardless how the U.S. Supreme Court rules on the constitutionality of the Patient Protection and Affordable Care Act or a specific provision mandating that individuals purchase coverage, the health care reform law is changing the way credit unions offer and fund employee health plans, said CUNA Mutual Group Friday at the the CUNA Human Resources and Training and Development Council Conference.... More

Fed: Mobile banking rising, security still a barrier

Mobile phones and mobile Internet access are in widespread use, and the ubiquity of the devices is changing the way consumers access their financial services, says a report commissioned by the Federal Reserve. However, two issues continue to hold back others from adopting mobile financial services.... More

IRS changes add to CU compliance burden: CUNA

Changes to the Internal Revenue Service's (IRS) 1042-S reporting requirements will create a new compliance burden for credit unions, CUNA Deputy General Counsel Mary Mitchell Dunn has warned.... More