The Bank of America is settling another one of its mortgage related accusations in the amount of $165 million. The National Credit Union Administration accused the bank over shady sales of mortgage-backed securities to corporate credit unions. Bank of America stated that the settlement would be paid for by existing reserves. Since the financial crisis,... read more

A total of 87 percent of adults in the United States own a mobile phone and 87 percent of smart phone users have accessed the internet through their mobile device during the last week. Taking into account these numbers, it only seems logical to bring mobile banking to a consumer market that is constantly on... read more

According to a report released by CUNA, credit unions added a substantial number of new employees for the first time since 2008. The industry experienced a 2.9 percent increase over 2011 with the introduction of 249,399 full-time equivalent employees this year. To reach these conclusions, CUNA pulled in sources like the NCUA financial performance reports... read more

According to a new report by Bankrate.com, almost three-quarters of the nation's largest credit unions still offer free checking account options for members, compared to 39 percent of regular financial institutions, or less than half of banks. The survey took into account the 50 largest credit unions based on total deposits between January 15 to... read more

Consumers are confident that the nation's economy is on the road to recovery as the Dow Jones industrial average ascended this month. The stock market rise was fueled by an increase in gas prices and other factors. Conservative credit union members experienced a spike in their savings that aligned with the Dow's progress. According to... read more