A new report released by the American Customer Satisfaction Index (ACSI) showed that credit unions are leading the way in customer satisfaction. Along with other financial services, credit unions continue to rank top among financial institutions in various areas. Banks, however, have experienced a drop in customer satisfaction. Smaller banks have suffered the most as... read more

Credit unions one-up banks in lending in the latest report by the NCUA. The nation's once-sluggish financial platform seems to be gaining traction as credit unions continue to increase lending and memberships. According to data released by the National Credit Union Administration (NCUA), credit unions experienced a 9.8% loan growth during the second quarter of... read more

A common misconception today is that young adults are financially irresponsible, mainly because of their lack of experience in money management. Researchers from the Federal Reserve and Arizona State University suggest that college-aged credit card users are more responsible than middle-aged borrowers. The study indicates a strong relationship between early credit card use and mortgage... read more

The National Credit Union Administration (NCUA) has filed a lawsuit against the country’s eight largest banks for allegedly selling faulty mortgages which led to the demise of two credit unions. The banks named in the lawsuit include: JP Morgan Chase Morgan Stanley Barclays Credit Suisse Royal Bank of Scotland UBS Wells Fargo Ally Financial Southwest... read more

A movement started in Florida called “Hike the Hill” is drawing its sights on Capitol Hill in Washington, D.C. The Credit Union National Association (CUNA) is fighting against the removal of a federal tax exemption for credit unions across the nation. The debate has been in the public arena for years as lobbyists employed by... read more