Sooper Wins Q2 Marketing AwardDALLAS-CU Members Mortgage gave a 2011 Q2 Marketing Achievement Award to the $242-million Sooper CU, Arvada, Colo., for its use of new marketing tools to increase loans with its Gen Y membership.For info: www.cumembers.comRGCU Joins Branching NetworkLAKEWOOD, Colo.-CU Service Network said Rio Grande CU, Albuquerque, N.M., has joined its shared branching network.For info: www.cusn.comAlaska Option Expands Debit ProgramANCHORAGE, Alaska-Alaska Option Services Corporation, an ATM/POS debit network, said it is expanding its product offerings to include pass-through credit and debit signature processing services.For info: www.alaskaoption.comEmpower FCU Selects VSoft ATLANTA-VSoft Corp. reported that Syracuse, N.Y.-based Empower FCU has chosen its suite of item capture solutions, including merchant remote deposit capture and branch back-counter capture.For info: www.vsoftcorp.comConference Focuses On CommunityGRAND RAPIDS, Mich.-Being part of the community was the focus of CU*Answers' recent Leadership Conference. Randy Karnes, the CUSO's CEO, challenged CUs to consider what represents a community and who CUs should be talking about within today's communities. Attendees donated money to five community-related charities.For info: www.cuanswers.comNSC Names 2011 Innovation AwardsSAN FRANCISCO-NAFCU Services Corp: announced the winners of its 2011 Innovation Awards: Affinion Group for its Flex Checking, a program that addresses the question of free versus fee checking; Allied Solutions for its CenterPoint Client Portal, a one-stop shop of integrated applications and partnerships for end-to-end collateral management, and Insuritas for its online, private-label insurance agency portal that enables direct purchase of insurance products on its website.For info: www.nafcu.org/nafcuservicesConn. CUL In Marketing Agreement LIVONIA, Mich.-The CU League of Connecticut and CU Solutions Group (CUSG) have announced a new marketing agreement to offer solutions in the areas of marketing, technology, membership enhancements, and human resources to Connecticut CUs.For info: www.cusolutionsgroup.com or www.culct.coopVantiv Signs Two CUsCINCINNATI-Vantiv said two CUs have signed contracts ATM and debit card transaction processing, ATM driving, card production, and network gateway access: $130-million General Electric Employees FCU, Milford, Conn., and $33-million Wemelco CU Springfield, Mass.For info: www.vantiv.com
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Two former members of the Federal Open Market Committee said in interviews that they expect the Federal Reserve to keep rates steady amid uncertainty over the ongoing war with Iran and the resulting upward pressure on inflation.
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Goldman Sachs Chief Legal Officer Kathryn Ruemmler received an 11% pay hike last year, bringing her total compensation to $25 million; U.S. Bank promoted Toby Clements to chief operations officer; Klarna is expanding its forward-flow and whole-loan sale deal with Elliot Investment Management to $2 billion; and more in this week's banking news roundup.
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Carter Bankshares in Martinsville, Va., sold more than $200 million of loans made to companies controlled by Sen. Jim Justice and his family, closing out a once close relationship that later descended into rancor and litigation.
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The Federal Deposit Insurance Corp.'s Office of Inspector General said in a Thursday report that staffing cuts over the past year could strain supervision and the agency's response to a crisis.
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The latest rise in property tax collections at the end of last year continued a nine-quarter streak of increases, according to the National Association of Home Builders.
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American Banker data finds that regulatory clarity is the top ask from executives holding back on adoption planning.
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