CUSN Announces Award WinnersLAKEWOOD, Colo.-CU Service Network announced the winners of its 5th Annual Shared Branching Excellence Awards, given to CUs that have been active on the network for a minimum of three years and achieved the greatest transaction growth in 2011. Greatest Issuer Transaction Growth: UniWyo FCU, Laramie, Wyo., which grew 124%. Greatest Acquirer Transaction Growth: Lewis Clark CU, Lewiston, Idaho, which grew 99%. Marketing Excellence Award: Rio Grande CU, Albuquerque, N.M., for its "Your Treasure Awaits" shared branching on-boarding campaign.For info: www.cusn.comBelvoir FCU Joins Realty CUSOWOODBRIDGE, Va.-Belvoir FCU, a $210-million CU, here, said it has joined CU Realty of VA, MD, DC and WV, LLC, a CUSO affiliated with CU Realty Services, LLC, based in Scottsdale, Ariz., to grow its mortgage business by becoming the first point of contact for members wanting to buy or sell a home.For info: www.curealtyllc.comVelocity Acquires Deposit ScoreWILMINGTON, N.C.-Velocity Solutions said it has acquired Deposit Score, Platinum Overdraft and Pricing Partner software, plus staff, from Sheshunoff Consulting + Solutions, a developer of software and solutions to assist CUs and banks in proper management of account overdraft limits.For info: www.myvelocity.comCU Toolbox Earns National RecognitionHOLMDEL, N.J.-Credit Union Toolbox, which provides CUs with a personalized, compliant-ready, automated marketing solution, was honored by the Specialized Information Publishers Association, receiving a first place award.For info: www.credituniontoolbox.com CFCU Signs with cuautocouponHAUPPAUGE, N.Y.-cuautocoupon, Inc., announced the signing of its first Florida credit union to its network, Jacksonville's $1.1-billion Community First CU. The company said its coupon program designed to help drive more business to credit unions and auto dealerships.For info: www.cuautocoupon.comSSSCU Signs With AutoNationLAS VEGAS-Silver State Schools CU announced an alliance with AutoNation Direct, which will allow SSSCU members to shop for vehicles online or via a Personal Automotive Consultant, and receive special member pricing, rebates and incentives provided by auto manufacturers.For info: SSSCU.AutoNationDirect.comCSCU Releases Loyalty White PaperTAMPA, Fla.-Card Services for Credit Unions released a research brief on the importance of a rewards program in retaining and atrracting members.For info: www.cscu.net/whitepaperVisit www.cujournal.comFynanz Tops 200 CU Lending PartnersNEW YORK-Fynanz, Inc., a provider of student loan marketing, education, origination and repayment solutions for lenders, said it added four CUs, raising its list of clients to more than 200 credit unions that are leveraging its private student lending technology: $376-million Sunmark FCU, Latham, N.Y., $725-million Los Angeles FCU, $1.9-billion Travis Credit Union, Vacaville, Calif., and $301-million CommonWealth One FCU, Alexandria, Va.For info: www.fynanz.comCUNA Mutual Group Named CIO 100 Award HonoreeMADISON, Wis.-CUNA Mutual Group said IDG's CIO magazine named the CUSO as one of its 2012 CIO 100 honorees. CUNA Mutual was honored for its Smartphone Loan technology, an app that enables members to apply for a loan via smartphones.For info: www.cio.com or www.cunamutual.comCallahan Expands OwnershipWASHINGTON-Callahan & Associates announced an expansion of ownership, as Jon Jeffreys, VP of Callahan Financial Services, Jay Johnson, EVP, Alix Patterson, chief operating officer, and Scott Patterson, VP of new business innovation, joined Chip Filson and the Callahan Employee Stock Ownership Program as equity owners of the firm.For info: www.creditunions.com
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The Federal Trade Commission has ended enforcement of disparate-impact claims under federal antidiscrimination law, aligning with the stance taken by other federal agencies during the Trump era.
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Berger Financial Group plans to more than double its footprint and staff, and Investcorp is looking at more opportunities beyond supporting Berger in the "untapped" wealth space.
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The federal agency has denied the Dutch neobank's de novo bank charter application, citing "significant supervisory and compliance concerns."
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Gateway Bank, which has narrowed its losses under new CEO Mukhtar Ali, hired a team of residential-construction lenders to speed its return to profitability.
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The core provider is conducting a review of its offerings after a 21% decrease in earnings per share and a drop in revenue from its core banking sector.
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Near-term expectations for price growth fell in the latest consumer sentiment survey from the Federal Reserve Bank of New York, but remains above the central bank's target across all time horizons.
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