USERS President Exits

June 29, 2006, 1:00 a.m. EDT 1 Min Read

VALLEY FORGE, Pa. - (06/29/06) John Schooler has left aspresident of USERS, the core processor here that is part of theFiserv family of companies. Well-known to many within creditunions, Schooler was promoted from within USERS to replace formerpresident Joe Barry, who left the position after being promoted toPresident of the Fiserv Credit Union Eastern Region. In a letter tocredit union clients, Barry provided no reason for the departureand said a new president will be named as soon as possible, andthat the company will be guided during the transition by thecompany's senior management team. For many years USERS was thelargest CUSO operating within the credit union community before itwas acquired by Fiserv.

For reprint and licensing requests for this article, click here.

MORE FROM AMERICAN BANKER

Earnings

Record interest income fuels a strong Q3 for LendingClub

The company is leveraging its bank charter and strong customer acquisition, with app logins up nearly 50% from borrowers.

By Carter Pape

4h ago
Earnings

Texas Capital hits profitability goal, tops earnings forecast

The Dallas-based regional bank's return on average assets exceeded its goal of 1.1% for the first time, coming in at 1.3% for the third quarter. The bank has been in transformation mode since 2021.

By Allissa Kline

5h ago
Law and legal issues

OCC settles its last remaining Wells Fargo case for $0

U.S. regulators have reached a rock-bottom settlement deal with a former Wells executive accused of wrongdoing in the phony-accounts scandal. The OCC had sought to recover $10 million from Claudia Russ Anderson, a onetime risk executive at the bank.

By Kevin Wack

5h ago
Compensation

Citi names CEO Fraser chair, gives her one-time pay award

Fraser will succeed John Dugan, who's been Citi's chair for six years. The megabank also granted Fraser a one-time award of $25 million in restricted stock units, and more than 1 million stock options.

By Catherine Leffert

7h ago
M&A

Ohio community bank strikes deal to expand in Columbus

Farmers National Banc Corp. in Ohio plans to acquire in-state rival Middlefield Banc Corp. in a deal that will deepen the buyer's footprint in Columbus.

By John Reosti

9h ago
Earnings

Four takeaways from the first week of bank earnings season

An apparent increase in large-scale borrower fraud and the hot environment for bank mergers were the key themes as banks discussed their third-quarter results.

By Catherine Leffert

9h ago