ALEXANDRIA, Va. – Agriculture FCU said yesterday it has contracted with Lending Solutions Inc. to outsource its member service support. Also signing for LSI’s new Member Service solution is Members CU, in Cleburne, Texas. The Member Service solution combines LSI’s advanced technology with highly trained member service specialists to process almost every member service function for a credit union.
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The embattled Long Island bank unveiled a turnaround plan that involves selling noncore assets and diversifying its commercial loan book. But first, it will need to sort through credit-related challenges in its large commercial real estate portfolio.
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During this week's Federal Open Market Committee meeting, officials voted to lower the cap on the amount of Treasury securities that can roll off the central bank's books each month from $60 billion to $25 billion.
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