CU Members Mrtg Extends EducationDALLAS-CU Members Mortgage said it has committed to educating its credit union partners-along with other interested industry representatives-to keep staff prepared for change. Topics it provides for its client partners include: SAFE Act, including Loan Officer compensation and NMLS requirements; Qualified Residential Mortgage (QRM), secondary marketing; FHA Origination; Fannie Mae LQI, and; maximizing income while minimizing risk in mortgage lending.For info: www.cumembers.comSynergent, MVFCU To PartnerPORTLAND, Maine-Merrimack Valley FCU has signed an agreement to join Synergent Card Services Debit/ATM card processing. The $431-million CU currently partners with Synergent Technology Services and the Episys core processing solution.For info: www.synergentcorp.comCUES Partners With BVS PerformanceMADISON, Wis.-The Credit Union Executives Society and Cedar Rapids, Iowa-based BVS Performance Systems have signed an agreement to offer online education to credit unions.For info: www.cues.orgLPL Financial Recognizes MACU SALT LAKE CITY-The investment services program offered at Mountain America CU has been named LPL Financial's 2011 Program of the Year.For info: www.lpl.comS1 Corp Combining With FundtechATLANTA-Online services provider S1 Corp. said it is combining with Fundtech Ltd., a Jersey City-based provider of software and services, in a stock-swap merger of equals. The combined company will be based at S1's headquarters in Atlanta and will be called Fundtech.For info: www.s1.comNSCU Names Cathedral As PartnerROME, N.Y.-Cathedral Corp. has been selected by NAFCU Services Corp. as its Preferred Partner for printed and electronic financial communication programs, personalized direct mail and e-marketing services.For info: www.nafcu.org/nafcuservicesWesterra CU Chooses CO-OPRANCHO CUCAMONGA, Calif.-The $1.2-billion Westerra CU, Denver, has chosen CO-OP Financial Services for credit card transaction processing as part of a program to increase member use of its cards and drive efficiencies. For info: www.co-opfs.orgMember Referral Program LaunchedCLARK, N.J.-CU Student Lending, marketer of the cuStudentLoans private student loan program, has rolled out a member referral program that allows credit unions outside of the CU Student Lending network to offer loans to members. For info: www.custudentloans.org
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The Philadelphia-based bank's parent company, Republic First Bancshares, had been roiled by a yearslong proxy battle involving activist investors groups and its former CEO.
April 26 -
The Wyoming-based digital asset bank filed paperwork to challenge last month's district court ruling, which affirmed the Federal Reserve's view about its discretion over master account applications.
April 26 -
The former head of the Consumer Financial Protection Bureau resigned Friday after the troubled rollout of the Free Application for Federal Student Aid led some House Republicans to call for his resignation.
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The San Antonio-based bank said that loan growth, fueled in part by its expansion in key Texas markets, may compensate for pressure on deposits. It slashed the number of rate cuts it expects this year from five to two.
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Mississippi's Renasant names its next CEO; environmental fintech Aspiration Partners spins out its consumer brand; the OCC adds five weeks to comment period for Capital One-Discover merger; and more in the weekly banking news roundup.
April 26 -
The Wisconsin banking company forecasted loan growth of 4% to 6% for the full year, driven by an expansion into new commercial and consumer credit lines as well as enduring economic strength in the Midwest.
April 26