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HOUSTON – Cardtronics has broken into the Puerto Rico market with agreements with credit unions to manage their ATM operations.
March 24 -
ATLANTA – Credit Union of Atlanta has named Sheilah Montgomery, president of 1st Choice CU, as president and CEO of the $60 million credit union.
March 24 -
MIAMI – Miami FCU has signed with Fiserv to implement the company’s Portico accounting processing system.
March 24 -
DENVER – Credit Union of Denver has signed a multi-year contract with Connect Financial Software Solutions for the company’s consumer suite of Internet banking, Online Financial Management, and other services.
March 24 -
WASHINGTON – Mortgage rates rose this week, after plunging last week in the face of the Japanese crisis.
March 24 -
CLEVELAND – Firefighters Community CU has launched a campaign to save residents $1 million in loan and credit card interest in 2011 with its “Dare 2 Compare Challenge.”
March 24 -
RESTON, Va. — Sallie Mae this week said it is now offering no-fee checking accounts and MasterCard Debit cards to universities that in turn can be used by the millions of students with whom it has lending relationships.
March 24 -
WASHINGTON – Turning up the heat in the battle over debit fees, Senator Richard Durbin vowed yesterday to filibuster a growing move to delay the Fed’s interchange rule, throwing new hurdles in the way of delay efforts.
March 24 -
MEQUON, Wis. – Mortgagebot LLC, one of the first providers of online mortgage origination solutions, has agreed to be acquired by Davis + Henderson Corp., a Toronto-based provider of financial services, for $238.8 million in cash. Founded in 1997, Mortgagebot provides a range of consumer direct, loan officer and branch and call center mortgage origination solutions for nearly 1,000 banks and credit unions. "As a proven business with a track record of innovation and growth, Mortgagebot gives us a solid position with a large number of new customers within the US financial services marketplace. We are very pleased that Scott Happ, Mortgagebot's founder, President and CEO, and his team will be joining us to execute our shared growth plans,” said Bob Cronin, CEO of D+H. The deal will be funded through the issuance of $121.8 million of new equity and $115 million of new borrowings. MEQUON, Wis. – Mortgagebot LLC, one of the first providers of online mortgage origination solutions, has agreed to be acquired by Davis + Henderson Corp., a Toronto-based provider of financial services, for $238.8 million in cash.
March 24 -
ST. PETERSBURG, Fla. – PSCU Financial Services announced this morning it raised its dividend 18% this year and paid its 650 credit union members $21.3 million. In addition to the dividend, financial savings of $6.5 million were passed along to member-owners during last year in the form of price reductions and rebates, said the CUSO, which provides electronic payment and call center services to more than 1,500 credit unions. “This $21.3 million dividend payout augments net income for our member-owners and also equips them to fund activities to gain members and market share in the coming year,” said Craig Esrael, president of First South Financial and chairman of the PSCU board. PSCU Financial Services delivered solid growth for its entire portfolio of products and services including: 6% growth in debit/credit/prepaid and online bill payment transactions; 4.9% expansion in Contact Center volumes and 1.3 billion transactions processed, a new milestone for the company.
March 24 -
CHINO HILLS, Calif. – Two credit union consultancies have merged.
March 23 -
BETHPAGE, N.Y. – A local man was charged this week with forging checks to steal more than $200,000 from a Bethpage FCU member while the member was hospitalized.
March 23 -
FORT MILL TOWNSHIP, S.C. – Family Trust FCU broke ground here for a new branch that will be part of the Springfield Town Center.
March 23 -
ALEXANDRIA, Va. – Pentagon FCU and its PenFed Foundation are offering a free online financial literacy game, called MoneyU, to the credit union’s young members.
March 23 -
SAN DIEGO – Mission FCU partnered with Orange Glen Elementary School in Escondido to help students open savings accounts through the Mission 2 $ave program.
March 23 -
RICHMOND, Va. – Connects FCU has signed with Fiserv to implement the company’s Portico account processing platform to streamline operations and eliminate multiple third-party vendors.
March 23 -
PLANO, Texas – InTouch CU has centralized contact center operations nationwide using AltiGen Communications’ unified communications and Microsoft-based contact center solution.
March 23 -
PHOENIX – Arizona State CU has implemented Hyland Software’s OnBase Enterprise Content Management solution.
March 23 -
WALL STREET – Goldman Sachs is among a handful of Wall Street banks negotiating with NCUA on potential compensation for toxic mortgage backed securities the investment banks sold to the five failed corporate credit unions.
March 23 -
HONOLULU – Three men who traveled here from California last fall were charged with setting up card skimming devices at at least four local gas stations, then using the information to create counterfeit cards on six local credit unions and banks.
March 23