Credit Unions

AP answers your questions on the news, from space shuttle complexity to a credit union agency. A space shuttle is no tinker toy. But is it the most complex machine ever built?

AP answers your questions on the news, from space shuttle complexity to a credit union agency. A space shuttle is no tinker toy. But is it the most complex machine ever built?

Meltdown 101: What you need to know if your bank is the next one to fail. Dozens of banks have failed this year. What do you need to know if yours is next?

Every bank studied engages in unscrupulous behavior. One hundred percent of credit cards offered online by the leading bank card issuers continue to include practices that will be outlawed once legislation passed in May takes effect next year, according to a new report by the Pew Health Group's Safe Credit Cards Project.

Banks still using credit card policies that will soon be banned by law, Pew study finds. Not only have credit card companies continued to use practices that will be outlawed under a strict law due to take effect in February, in many cases their policies have gotten harsher since the law passed.

Measure requires 'opt-in' coverage. Consumer groups are throwing their support to a bill introduced by Senator Christopher Dodd that they say would "curb many of the abusive overdraft practices of banks and credit unions." Such practices, they maintain, strip nearly $24 billion annually from checking accounts -- primarily from Americans living paycheck-to-paycheck.

Fees up 35% in two years. Banks and credit unions collected nearly $24 billion in overdraft fees last year, an increase of 35 percent from just two years earlier, according to a new study by the Center for Responsible lending.

Meltdown 101: Why do we have so many different bank regulators, and what do they do?. The financial crisis has renewed the focus on bank regulation. Critics contend the patchwork system contributed to the crisis by allowing some banks to slip through the cracks and others to seek weaker oversight.

President, Nevada Federal Credit Union . Brad Beal leads Las VegasÕ largest credit union, Nevada Federal, and for the past two years has served as chairman of the National Association of Federal Credit Unions.

DETROIT (Reuters) - One of the best-known auto industry executives in the world has fallen on hard times.

WASHINGTON (Reuters) - Doctors asked the government on Wednesday to pay them more for giving vaccines and prescribing drugs on the telephone as the flu pandemic hits their communities.

WASHINGTON (Reuters) - Doctors asked the government on Wednesday to pay them more for giving vaccines and prescribing drugs on the telephone as the flu pandemic hits their communities.

A package sent to a credit union last week containing supposedly malicious CD-ROMs prompted a fraud alert from the National Credit Union Administration, but it was actually part of a penetration test.. A socially engineered penetration test of a credit union's computer system went awry last week, resulting in the issuance of a fraud alert from the agency that supervises federal credit unions. Security testing organization MicroSolved sent a package to a credit union client last week, containing a fraudulent letter seemingly coming from the National Credit Union Administration (NCUA). Also contained in the package were two CD-ROMs, part of a penetration test, MicroSolved said in a blog post Friday. But, on the day the package was received, the person responsible for the test was out of the office. So the employee who received the suspicious letter, which bore a NCUA logo and the bogus signature of former Chairman Michael Fryzel, reported it to the NCUA fraud hot line.On being notified o

Forget the inbox: Cybercrooks also are turning to traditional mail to spread malware.. The agency that supervises federal credit unions is warning institutions to be on the lookout for fake fraud alert letters that are accompanied by CD-ROMs containing malware.The National Credit Union Administration (NCUA) issued a legitimate fraud alert this week, announcing that it was aware of at least one federally insured credit union that received the bogus letter. In an ironic twist, the package also contained two CD-ROMs that purportedly contained training material to defend against fraud.However, the fake fraud alert CD-ROMs are malicious, and the NCUA warned against loading them into a computer."Doing so could result in a possible security breach to your computer system or have other adverse consequences," the alert said.Paula Musich, senior analyst for enterprise security at Current Analysis, told SCMagazineUS.com on Thursday that this is the first time she has heard of a ploy like this, bu

Mass. bank robber says 'sorry' to employees as he makes his getaway, police say. Police said a man who robbed a credit union earlier this week apologized to employees as he made his getaway. Lt. Paul Gallagher told The Eagle-Tribune that the man who robbed the Merrimack Valley Federal Credit Union of an undisclosed amount of cash Monday said "sorry" as he ran from the building.

Consumers who want to fire their bank have alternatives. In the cascade of complaints to ConsumerAffairs.com lately about major banks, a theme is emerging. Many consumers -- who've had rates raised, accounts closed and fees imposed -- long for the day when they can tell their bank, "you're fired."

Former CEO charged with embezzling more than $1 million from failed West Virginia credit union. The former chief executive of a failed West Virginia credit union was arrested Tuesday and charged with embezzling more than $1 million.

SEC calls for Calif. IOUs to be regulated as securities, so recipients have market for sale. The recipients of billions of dollars in IOUs being issued by California soon may be able to sell them on a regulated market, following action taken Thursday by federal regulators.

California IOU recipients could be left scrambling for cash after Friday; bank plan criticized. After taking multibillion-dollar bailouts from the federal government, some of the nation's biggest banks are declining to lend a hand with a different financial mess: the California budget stalemate.

SAN FRANCISCO (Reuters) - California "IOU" recipients can turn to credit unions and check-cashing storefronts if a state budget deal does not appear by Friday and if three major banks refuse to accepting the notes beyond Friday as planned, analysts said on Tuesday.