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AUSTIN, Texas–Transferring money is the killer-app function when it comes to overall money movement, according to a new analysis.

WASHINGTON—GC Services, a large debt collector charged with using unlawful tactics to collect on federal student loans and other debts, will pay a $700,000 civil penalty under a settlement with the Federal Trade Commission.

CHICAGO–Credit unions across the United States have now returned more than $114 million to their members as part of bonus dividends and loan interest refunds based on their relationships during 2016.

FORT WAYNE, Ind.–Midwest America Credit Union here has reportedly filed suit against Arby’s Restaurant Group over its recent data breach.

NEW YORK CITY – Municipal Credit Union (MCU) has expanded its membership field to include students of St. John’s University.

SOUTH BEND, IND. – As college costs continue to rise at a pace that exceeds inflation, Teachers Credit Union (TCU) has presented a check for $5,000 to the Fulton County Promise in an effort to assist financially and help raise awareness among parents about the importance of saving for post-secondary education.

ALEXANDRIA, Va.–As it has for 37 straight years now, the NCUA board voted in favor of continuing the federal credit union loan interest rate ceiling at 18%.

LONG BEACH, Calif.–Allied Healthcare FCU here has selected Farmington Hills, Mich.-based Member Driven Technologies (MDT) as its new core processor. MDT runs Symitar's Episys core solution.

HEMET, Calif.–Altura Credit Union recently assisted with Hemet Unified School District’s annual Spelling Bee, a four-decade tradition.

OSHKOSH, Wis.–Chatter Yak!, a CUSO specializing in marketing, advertising and social media and consulting, has announced upgrades to Yak Tracker, a premium lead generation application it says allows credit unions to use social and digital media to generate leads and revenue.