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WASHINGTON – The FDIC on Friday took over four more bank failures, making a total of 69 through the end of July.
August 2 -
WASHINGTON — While the stock market continues to rise, the credit union industry's leading economists downwardly revised their forecast for the second quarter, saying that their assessment at the end of the first quarter was too optimistic.
July 31 -
BARCELONA, Spain — If credit unions wanted to know how they contribute to the greater good, they needed listen only to Vincente Fox, the former president of Mexico.
July 31 -
BARCELONA, Spain — The economic crisis in the U.S. is hitting CU balance sheets around the world in different ways, with countries that thought they would escape its effects saying they have also recently begun feeling some pain.
July 31 -
BALTIMORE, Md. — Like other federally insured CUs, MECU here posted a loss as a result of the corporate stabilization charges. But unlike some others, it still plans to pay its members bonus dividend.
July 31 -
SALT LAKE CITY — For many credit unions a position in the Top 5 of Callahan's rankings is a mixture of hard work and happenstance, but for Deseret First CU, it's all part of the plan.
July 31 -
JACKSONVILLE, Fla. – Loan Processing Services, spun off last year from Fidelity National Information Services, reported a 22% rise in net income for its second quarter, to $75.7 million, amid a surge in mortgage processing and servicing revenue.
July 30 -
DAYTON, Ohio –NCR Corp., the biggest maker of ATMs and self-service financial machines, said it will shrink its workforce here to 100 by late 2011 as it moves its headquarters to the Atlanta suburb of Duluth, Ga.
July 30 -
PURCHASE, N.Y. – MasterCard reported a 26% rise in second-quarter profits yesterday, boosted by an increase in pricing and number of transactions, and a decrease in incentives and rebates.
July 30 -
JACKSONVILLE, Fla. – Fidelity National Information Services, the former conglomerate since unwound, plans to raise as much as $320 million for its pending acquisition of Metavante Technologies from two old partners Thomas H. Lee and Fidelity National Financial (Title), its one-time affiliate.
July 29 -
BROOKFIELD, Wis. – Fiserv yesterday reported a 40% surge in second quarter profits, to $140 million, to a $265 million, or 25%, reduction in expenses after the sale of its Fiserv Insurance unit.
July 29 -
SAN FRANCISCO – Boosted by the sale of its share of VisaNet do Brazil, Visa Inc. yesterday reported a 73% surge in third quarter earnings, to $729 million.
July 29 -
JACKSONVILLE, Fla. – Fidelity National Information Services, the provider of back-office services to credit unions and banks, reported an 18% decline in net income for its second quarter, to $59.6 million.
July 28 -
ATLANTA – Credit bureau Equifax reported a 16% drop in second quarter profits, fueled by a 9% decline in revenues.
July 27 -
BROWN DEER, Wis.– Metavante Technologies said net income for its second quarter soared 41% to $1.9 million, as the company prepares to be taken over by Fidelity National Information Services.
July 27 -
SHOREVIEW, Minn. – Deluxe Corp. said Friday profits fell 15% in the second quarter as revenues continued to slide.
July 26 -
WASHINGTON – Regulators seized seven more banks Friday, including six in Georgia owned by the same company, increasing the number of bank failures to 64 in 2009.
July 26 -
SACRAMENTO, Calif. – The Golden 1 CU said last week it has completed the merger of Steinbeck CU, one of two ailing credit unions being acquired by the $7 billion credit union.
July 26 -
SAN DIEGO – California Coast CU, which doubled in size with last year’s merger of First Future CU, is adding another $130 million with the acquisition of Financial 21 Community CU, pushing it close to $2 billion in assets. The combination of the three San Diego credit unions comes as the southern California real estate crash shows few signs of abating.
July 26 -
ALEXANDRIA, Va. — The NCUA taketh, and the NCUA giveth back: that's the story of the second quarter financials for credit unions, many of which are reversing millions of dollars in first quarter charges for the corporate credit union bailout which they took at the direction of NCUA, and reporting the gain as operating income.
July 24