SANTA FE, N.M. — A jury has ruled in favor of a widow here and ordered a credit union to pay more than a half-million in damages, even though the credit union said it was only acting in accordance with the law.
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NEW YORK—The move by Citigroup last summer to acquire Costco's co-branded credit card portfolio from Amex is paying off for the mega-bank.
PRINCETON JUNCTION, N.J.–Nine out of 10 Americans are now using EMV, or chip, cards to make purchases, while approximately one-third of U.S. merchant locations are now enabled to accept such payments, according to a market snapshot released by the U.S. Payments Forum.
LAUREL, Md.–The $3-billion Tower FCU announced it has selected a successor to retiring CEO Martin Breland.
IDAHO FALLS, Idaho–Credit unions in Idaho and Louisiana have named new CEOs.
WASHINGTON–The average rate on the 30-year mortgage was relatively steady last week, after rising from one week earlier.
HIGHTSTOWN, N.J.—The New Jersey Credit Union League’s “Banking You Can Trust” consumer awareness campaign kicked off its “Leaders Series” on local NJ 101.5 FM radio station.
MARLBOROUGH, Mass.–A new study has found the financial services sector in New England is one of the strongest job-generating, growth-producing industries in the region.
SANTA ROSA, Calif.–The former Sonoma County Grange Credit Union has a new name. The $45-million CU is now operating as North Bay Credit Union.
HOUSTON–Jenny Smith, who was CEO of Smart Financial Resources and the Smart Financial Foundation, both subsidiaries of Smart Financial Credit Union, has retired.