LOS ANGELES – Los Angeles Firemen’s CU said it has signed with Open Solutions Inc. to convert to the latest version of the company’s The Complete Credit Union Solution core processing system, known as DNA.
The $800 million credit union also will implement data processing platform, Open Solutions’ full cView CRM suite, Financial Accounting Suite, loan origination system and telephone/VRU.
Open Solutions is a wholly owned subsidiary of private equity fund The Carlyle Group.
Industry lawyers and experts say the latest wrinkle in a long-running LPL-Ameriprise recruiting dispute shows why advisors should strongly consider retaining their own legal counsel when changing firms.
First Financial Bancorp in Cincinnati named Chief Financial Officer Jamie Anderson as president. The move positions Anderson as heir apparent to CEO Archie Brown, according to one analyst.
A federal judge said recent preemption rules from the National Credit Union Administration would bar Illinois from enforcing its interchange fee restrictions against federal credit unions.
Nearly half of respondents reported plans to claim benefits early, with many citing fears about the health of the Social Security program.
The former top executive at Nodus International Bank in Puerto Rico was sentenced to more than nine years in federal prison after he pleaded guilty to Venezuela sanctions evasion and wire-fraud conspiracy.
The latest Fidelity Investments M&A report displayed a trend that dealmakers had already been noticing: RIA buyers are getting more selective. But experts say sellers can still stand out with the right attributes, and they must find the right fit in the process.
