Credit Unions | featured news

The nation’s banks and credit unions had their best year since 2006, as a slowly recovering economy led to modest loan growth and lower levels of nonperforming loans.

It's moving day for bank customers. A grassroots movement that sprang to life last month is urging bank customers to close their accounts in favor of credit unions by Saturday.

U.S. rescues prevented the failure of about 1,000 consumer credit unions, a regulator said Thursday, as the government stabilized three wholesale credit unions crucial to the retail system.

Federal regulators on Friday seized control of two large institutions that provide wholesale financing for U.S. credit unions, a move they say was needed to stabilize the credit union system.