Headlines via Email
RSS Feed
What is RSS?
News Now LiveWire
Most CUs will provide wage increases for at least some of their employees, according to CUNA's just-released Small CU Staff Salary Survey.
St. L Post Dispatch on GAO report:Consumers may not benefit from altering Interchange system;would cut card competition. http://ow.ly/ETyX
CUNA's Hampel: Consumer holiday spending will be up slightly from last year. See Tues NN.
NCCUL and WOCCU met with Romanian CUs this week. The CUs are experiencing growth and want to increase their public relations efforts.
Kent Buckham has been named by NCUA as director of the newly created Office of Consumer Protection. The 7-person dept. launches in Jan.
CUNA provides credit score advice in IndiaPost.com
MADISON, Wis. (7/24/08)--The Credit Union National Association's (CUNA's) expertise has drifted overseas, with a website in India picking up CUNA's advice about credit scores.
The report Wednesday in IndiaPost.com talked about what credit score numbers mean and the misconceptions surrounding credit scores.
"More nontraditional types of entities are using credit scores," Jan Garkey, editor with CUNA's center for personal finance, said in the article.
While credit ratings and credit scores take on more meaning and importance in everyday life, so do the misunderstandings and misconceptions that surround them, the article said.
There's more than one type of credit score, said Garkey. "There are a lot of different scoring models out there," and different creditors add to the confusion by looking at different factors. Many larger financial institutions have their own scoring systems, as do credit bureaus, she said.
The article also quoted staff from Experian, a major credit bureau, and Fair Isaac Corp., which pioneered credit scoring and introduced FICO scores.
More CU/System
Copyright © 2009 - Credit Union National Association, Inc.
