Like banks, big credit unions might need to test how they’d fare in extreme scenarios.
Credit unions collectively passed the $1 trillion mark in assets, but is it good news for everyone?
Despite the decrease in bank failures last year, a recent voter survey conducted by the Credit Union National Association shows that more consumers believe credit unions are safer than banks. When asked what type of institution was the most financially safe and sound, here’s how voters responded: Credit unions — 40 percent. Banks — 34
When it comes to keeping your banking information safe, bigger may mean better. A recent webinar sponsored by CUNA Mutual Group discussed the potential for security breaches at the nation’s credit unions, focusing on one key figure from a 2011 Verizon security study: cyber thieves are concentrating on financial service organizations with 10 to 100
Some consumers are turning their frustrations with bank fees into legal battles. According to a recent story from the nonprofit credit union national association, or CUNA, one consumer named Don Anderson has filed 13 lawsuits against credit unions and banks for failing to post notices regarding ATM surcharges. Here’s a portion of the story discussing
It turns out that big banks aren’t losing quite as many account holders as expected. In its quarterly update, the National Credit Union Administration announced the nation’s nonprofit financial institutions added around 450,000 new members throughout the third quarter of 2011. Those numbers are impressive, but they are vastly different than numbers originally reported by