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WASHINGTON Fannie Mae reported a second quarter profit of $10.1 billion, double last years second quarter earnings, almost all of which will go to pay down its taxpayer bailout assistance.
August 8 -
LAS VEGAS Credit union board members here indicated they realize their ranks need to get younger, and three board members under age 40 offered some suggestions on doing just that.
August 8 -
WICHITA, Kan. NCUA asked a federal appeals court for an expedited review of last months lower court ruling dismissing $550 million in claims against Barclays Capital, saying unless the ruling is overturned it could lead to the dismissal of more than $5.2 billion of claims against Wall Street banks for the failure of five corporate credit unions.
August 8 -
PLANO, Texas Catalyst Corporate FCU has asked NCUA, which is poised to lift its ban on financial derivatives, to let it deal interest rate swaps, caps, and options to credit unions through its investment subsidiary.
August 8 -
CAMAS, Wash. Lacamas Community CU said this morning its new branch in nearby Andreson will feature customized ATMs from Diebold that feature deposit automation and so-called concierge services that allow members to bypass teller lines while providing more time for credit union staff to help members with more advanced financial service needs.
August 8 -
EDWARDSVILLE, Ill. Scott CU, located a 15-minute drive from St. Louis, announced a three-year partnership yesterday with the St. Louis Rams football team that includes TV and radio commercials, spots on the scoreboard at the Rams Raymond James Stadium and the Rams weekly TV show, a presence on the Rams website and a number of community events.
August 8 -
NEW YORK LendKey, provider of private student loans for credit unions formerly called Fynanz, announced the closing of an additional $12.5 million in Series B venture funding.
August 7 -
WASHINGTON Freddie Mac reported a $5 billion second quarter net yesterday, up from $3 billion for the same quarter last year, and its seventh quarterly profit in a row.
August 7 -
JACKSON, Miss. HOPE Credit Union has deployed Bluepoint Solutions mobile remote deposit capture solution, QwikDeposit ToGo, as part of the credit unions mobile banking app powered by Malauzai Software.
August 7 -
EL SEGUNDO, Calif. Xceed Financial CU has signed with The Members Group to provide it with card processing services.
August 7 -
FORT MILL, S.C. Sharonview Federal Credit Union has signed with Silanis Technology of Quebec to implement the companys on-premise e-signing software.
August 7 -
LAS VEGAS While the concept of getting paid for something formerly done for free might seem attractive, credit union board members attending the 36th Annual Directors Convention here Wednesday panned the idea of CUs paying volunteers.
August 7 -
MENLO PARK, Calif. Tyco FCU, the $103-million credit union for Tyco International, has changed its name to Reach FCU as an outreach to remote members.
August 7 -
GAHANNA, Ohio Fast-growing KEMBA Financial CU said it plans to add as many as five new branches in the next few years, as it grows to meet an expanded field of membership.
August 7 -
NASHVILLE A prolific plaintiffs lawyer who has filed more than 100 suits against credit unions and banks over provisions of the Americans With Disabilities Act requiring all ATMs to be accessible to the sight impaired added another seven ADA actions Monday, including six filed here in federal court.
August 7 -
BERKELEY, Calif. Cooperative Center FCU announced that Gary Bell, president of the $105 million credit union and a member of the Consumer Financial Protection Bureaus inaugural Credit Union Advisory Council, died last week at 54 from a bacterial sinus infection.
August 7 -
AUSTIN, Texas University (of Texas) FCU said this morning it signed with Diebold to provide its fleet of more than 100 Opteva ATMs, including four Interactive Financial Centers, or tellerless branches, with a variety of maintenance, security and compliance services.
August 7 -
AUSTIN, Texas University (of Texas) FCU said this morning it signed with Diebold to provide its fleet of more than 100 Opteva ATMs, including four Interactive Financial Centers, or tellerless branches, with a variety of maintenance, security and compliance services.
August 7 -
HOUSTON Cardtronics said this morning it has continued its acquisitions spree with a deal to acquire Cardpoint Limited, an operator of 7,100 ATMs in the U.K. and Germany for $153 million cash, representing the ATM giants first foray into Continental Europe.
August 7 -
PENSACOLA, Fla. Pen Air Federal Credit Union said it has formed a partnership with BALANCE Financial Fitness Program to provide its members with unbiased money management information and services.
August 6