LAKE FOREST, Ill—Credit union overdraft income fell—for the first time—in 2014, while it rose for banks. And free checking may be at the heart of that trend, according to one economist.
Fresh Today
WASHINGTON—A new study reveals that consumers ended the year with a record $57.1 billion net increase in credit card debt – 47% more than 2013 and 55% more than 2012.
WASHINGTON—A credit union representative will be testifying on Capitol Hill today before the Senate’s Special Committee on Aging.
BRISTOL, Conn.—The mother of the Achieve Financial CU CFO who police say was ordered to withdraw money while what appeared to be a bomb was attached to him, is reporting that she found her son lying face down in the garage in their Bristol, Conn. home with his hands tied behind his back.
TUSCALOOSA, Ala.—Tuscaloosa Teachers Credit Union has changed its name to RiverFall CU.
SAVANNAH, Ga.—NAFCU has kicked off its 2015 Strategic Growth conference here, where the focus is on how new technologies can be harnessed to boost credit unions’ bottom lines. The conference will run through Friday.
DALLAS—How are credit unions compensating directors?
BIRMINGHAM, Ala.—A new study indicates that U.S. and U.K. consumers’ dependence on smartphones is growing quickly, having a big impact on their work and social lives.
WASHINGTON—Bluepoint Solutions and Ongoing Operations said they are expanding their partnership to bring Ongoing Operations’ Replicator data vaulting solution to Bluepoint’s credit union customers.
LANSING—The Michigan Credit Union League and Affiliates awarded Limestone Federal Credit Union in Manistique, Mich., with its Outstanding Credit Union of the Year award.