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PHILADELPHIA – Sb1 FCU will integrate VSoft Corp.’s Home/Office Capture solution with S1 Corp.’s PM Systems WebFederal3 Internet Banking platform.
September 19 -
SOUTH BEND, Ind. – Notre Dame FCU has hired Thomas Gryp, a regional president of Northern Trust in Scottsdale, Ariz., and a graduate of Notre Dame University as president and CEO of the $430 million credit union.
September 19 -
WASHINGTON – Banking regulators, which had been quiet the prior two weeks, closed six institutions in four states on Friday, bringing the total number of failures for 2010 to 125.
September 19 -
NEW YORK – The head of a company that supplied cash to New York-area ATMs last week pleaded guilty to a fraud scheme that siphoned as much as $50 million from credit union and bank customers.
September 19 -
TUCSON, Ariz. – Two coaches at the University of Arizona are pitted in a contest of credit union spokesmanship – one for Vantage West CU and the other for Hughes FCU.
September 19 -
NEW YORK – Citigroup said Friday it agreed to sell the nation’s third-largest student loan operation in two parts – to the biggest student lender, Sallie Mae, and to Discover Financial Services.
September 19 -
WASHINGTON – NAFCU said consumer advocate Elizabeth Warren, named Friday by President Obama to organize the new Bureau of Consumer Financial Protection, will speak to the group’s annual Congressional Caucus, in her first address since the presidential appointment.
September 19 -
WASHINGTON – Credit union executives were cautiously optimistic that NCUA’s latest assessment is smaller than many budgeted for, but are resigned to keeping their checkbooks open for annual – or even semi-annual – payments to the federal regulator as the industry digs out of its deepest hole ever.
September 19 -
PROVINCETOWN, Mass. – Hope emerged for a group of historic-minded landlubbers last week, when a federal court approved their purchase of a 75-foot schooner, the Hindu, which helped launch the whale watching industry here in the 1940s, from Florida’s Fairwinds CU.
September 19 -
RALEIGH, N.C.-With one exeption, credit unions that spoke with Credit Union Journal reported they have not altered pricing to encourage members to opt-in to overdraft programs. The $2-billion Coastal FCU in Raleigh, N.C., for instance, developed a unique promotion to charge a penny for overdraft fees if members correct the overdraft quickly (Credit Union Journal, Aug. 23).
September 17 -
WASHINGTON – President Obama will bypass the contentious Senate confirmation process and name Harvard law professor Elizabeth Warren to a special advisory role today setting up the Consumer Financial Protection Bureau, which was created based on her ideas.
September 17 -
FORT LAUDERDALE, Fla. – William “Bill” Marquardt, CEO of City County Credit Union, has died after a brief battle with cancer.
September 16 -
BIRMINGHAM, Ala. – Max CU donated 10 refurbished computers to Redland Elementary School in Wetumpka.
September 16 -
BEL AIR, Md. – HAR-CO FCU will integrate VSoft Corp.’s Home/Office Capture solution with S1 Corp.’s PM Systems WebFederal3 Internet Banking platform.
September 16 -
ATLANTA – Georgia’s Own CU signed with CU Student Choice to offer private student loans through the CUSO.
September 16 -
LAKE FOREST, Calif. – Eagle Community CU has deployed customized comprehensive credit union training from Edcomm Banker's Academy.
September 16 -
WASHINGTON – Rates on 30-year mortgages climbed for the second straight week, but remain near the lowest levels in decades, according to Freddie Mac.
September 16 -
LAS VEGAS – Credit unions have been told for months now an opportunity exists in the mortgage lending space – on Thursday they were told how to build relationships with Realtors to make that prospect a reality.
September 16 -
ALEXANDRIA, Va. – NCUA yesterday agreed to lift the interest rate cap on short-term payday loans to 28% – 1,000 basis points more than the limit on all other credit union loans – in an effort to encourage participation in this growing service among credit unions.
September 16 -
ALEXANDRIA, Va. – The long-awaited overhaul of NCUA’s corporate regulation, expected next week, is expected to usher in a consolidation of the corporate network.
September 16