WASHINGTON - (05/16/05) -- Six Washington area credit unionshave formed a new CUSO that will provide a turnkey solution forother credit unions for disaster recovery planning. The CUSO,called Ongoing Operations LLC, will provide a remote phone center,a complete Data Center, and a customizable workspace, all designedto quickly replicate the normal work environment, minimize servicedisruption and ensure full business continuity. Participatingcredit unions are: National Institutes of Health FCU, NorthwestFCU, Synergy One FCU, Department of Labor FCU, Transportation FCU,and HEW FCU.
-
A federal judge found SVB Financial's management negligently prioritized yield over safety, allowing the Federal Deposit Insurance Corp. to retain the deposits after the bank's 2023 collapse.
59m ago -
Justin Duke's move from BNY Wealth to Simon Quick Advisors shows how higher fees, rising asset minimums and tighter client constraints are pushing some bank advisors toward RIAs.
1h ago -
BTIG is predicting mortgage origination volume for loanDepot, PennyMac Financial Services, Rithm, Rocket Cos., and UWM Holdings combined will be 5% lower than the industry consensus for the third quarter.
1h ago -
For months, United Bancorporation of Alabama avoided a public clash with two unhappy shareholders. But after the duo demanded seats on the board of directors, the bank finally clapped back.
2h ago -
Financial advisors would be wise to treat "health span" like an investment portfolio to better prepare clients to afford and enjoy longer retirements, a researcher said.
2h ago -
The payments fintech announced that it has applied for a national trust bank charter from the OCC for both bitcoin and stablecoin custody.
3h ago










