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WASHINGTON NCUA Chairman Debbie Matz issued her support this morning for a bill that would allow credit unions to raise secondary capital.
May 3 -
CHICAGOThis year's $10,000 CO-OP THINK Prize went to Technicolor FCU's Robert Baron, for his idea for a "virtual teller system."
May 3 -
JACKSONVILLE, Fla. FIS, formerly known as Fidelity National Information Services, reported its first quarter earnings soared 31% to $144.1 million, partly due to its acquisition of mobile banking developer mFoundry.
May 2 -
HOUSTON Cardtronics, the worlds biggest ATM operator, reported a 9% decline in first quarter earnings yesterday, to $9.1 million, even as transaction volume continued to grow.
May 2 -
PITTSBURGH A former assistant manager of defunct Lawrence County School Employees FCU was sentenced to 30 months in federal prison and ordered to repay nearly $223,000 for her role in an embezzling scheme that also saw her former boss, the CEO of the $7-million New Castle, Penn., credit union, convicted.
May 2 -
CHARLOTTE, N.C. Carolina Cooperative CU has selected TRC Interactives First Line of Defense ~ Fraud Detection and Loss Prevention Challenge, an online interactive experiential exercise for credit unions.
May 2 -
TRAVERSE CITY, Mich. Members CU has hired Andrew Kempf, president of Preferred FCU, as president and CEO of the $215-million credit union.
May 2 -
WASHINGTON Mortgage rates declined this week for the fifth week in a row, inching nearer to record lows, according to Freddie Mac.
May 2 -
ALAMEDA, Calif. Alameda CU, a one-time $43-million community credit union, has agreed to merge into nearby Provident CU, a $1.8-billion credit union in nearby Redwood.
May 2 -
JACKSON, Mich. CP FCU has been chosen as the depository for the MedSAU Fund, a research collaboration between the University of Michigan Health System and Spring Arbor University.
May 2 -
PHILADELPHIA Sb1 FCU, the former SmithKline employees credit union, announced this afternoon it hired Robert Werner, chief operating officer of Two River Community Bank in nearby Middletown, N.J., as president and CEO of the $600 million credit union.
May 2 -
NAPLES, Fla. ACI Worldwide, which has emerged as one of the leading service providers for credit unions, reported this morning that losses widened to $2.2 million for its first quarter, from $1.8 million a year ago, because of costs related to its recent acquisitions of Online Resources Corp. and S1 Corp.
May 2 -
DULUTH, Ga. NCR Corp. reported a $61 million profit for its first quarter, compared to a $19 million loss for the first quarter last year, as revenue surged 13%.
May 1 -
HOUSTON Cardtronics on Wednesday announced it has acquired Aptus Financial, a Portland, Ore., provider of services to 3,300 ATMs the vast majority owned by credit unions, banks and independent merchants.
May 1 -
PURCHASE, N.Y. MasterCard reported a 12% increase in first quarter net income yesterday, to $766 million, as spending on its network grew.
May 1 -
FOSTER CITY, Calif. Visa on Wednesday reported a 2% decline in second quarter earnings to $1.27 billion, because of a tax gain last year for the same quarter of $208 million.
May 1 -
COLUMBUS, Ind. Bar-Cons FCU has selected the Sharetec System as its new core processing system.
May 1 -
BAY CITY, Texas Old Ocean FCU has selected CU*Answers Network Services as its managed technologies service provider, utilizing the complete care and virtual branch business continuity services.
May 1 -
MIAMI Dade County FCU has completed the first round of a company-wide printer and copier refresh by Mosaic Business Solutions.
May 1 -
SHARON, Mass. Sharon CU has introduced Intuit Financial Services Android tablet banking app.
May 1