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MADISON, Wis. – University of Wisconsin CU said yesterday it is now offering a private student loan program to other credit unions through a new wholly owned CUSO, CU Campus Resources.
June 16 -
WALL STREET – The stock prices of mortgage giants Fannie Mae and Freddie Mac plummeted Wednesday after announcing they had been ordered to delist from the New York Stock Exchange.
June 16 -
WASHINGTON – The chief sponsor of the Senate’s interchange amendment creating price controls agreed yesterday to exempt all government programs from his provision, eliminating an argument being used by credit unions and banks lobbying against the measure.
June 16 -
CHANTILLY, Va. – Online Resources Corp. named technology veteran Joseph Cowan to be its president and CEO, replacing John Dorman, the founder of Digital Insight and chairman of the ORC board, who has been serving on an interim basis since January.
June 15 -
PHILADELPHIA – American Heritage FCU’s 17th Annual Gelatin Olympics raised $25,000 for the Children’s Seashore House at the Children’s Hospital of Philadelphia last Wednesday.
June 15 -
TROY, Mich. – Michigan Catholic CU has named Robert Grech, its executive vice president, the new president and CEO of the $265 million credit union.
June 15 -
BATTLE CREEK, Mich. – Founders of the newly chartered Inspire Community Development CU held a grand opening Monday to celebrate the state’s latest CDCU, Michigan’s first new credit union in 25 years.
June 15 -
NEW YORK – McGraw-Hill FCU said yesterday it has signed with DocuSign for the company’s electronic signature solution to automate the loan signing process.
June 15 -
FRESNO, Calif. – Educational Employees CU announced yesterday it has selected Memento Security as its enterprise-wide platform to fight fraud and other financial crimes.
June 15 -
HIGHLAND FALLS, N.Y. – Navy FCU will open a branch here June 28 near the U.S. Military Academy at West Point, the credit union’s 181st service facility.
June 15 -
TAMPA, Fla. – Taking a page from the popular Mystery Monkey of Tampa Bay, the tiny Rhesus Macaque that travels across tree tops and through backyards to the delight of Facebook fans, GTE FCU is launching an online "Mystery Monkey Tour Contest" that will present a series of clues for a chance to win a $1,500 cash prize.
June 15 -
WASHINGTON – The Federal Reserve issued new rules yesterday to implement last year’s Credit Card Accountability Responsibility and Disclosure Act, which will cap most late payment fees at $25.
June 15 -
WASHINGTON – In the biggest independent lobby against the interchange amendment Navy FCU, one of three credit unions on the wrong side of the exemption from the amendment price-control provision, is calling on its 3.5 million members to urge Congress for defeat of the measure.
June 15 -
DEARBORN, Mich. – In the latest of a frenzy of credit union consolidation in local markets, DFCU Financial, the state’s biggest credit union, announced plans this morning to acquire troubled MidWest Financial FCU, a one-time $200 million credit union with five branches in Ann Arbor and Ypsilanti.
June 15 -
LAKELAND, Fla. – MidFlorida CU, one of the state’s healthiest big credit unions, has agreed to acquire troubled Bay Gulf FCU, a one-time $210 million institution, the latest in a series of large credit union mergers shaking up the market in the Sunshine State.
June 15 -
NORTH ADAMS, Mass. – The work of Norman Rockwell and three generations of Rockwells will be on display locally this summer, thanks to Greylock FCU.
June 14 -
HOUSTON – William “Bill” Strunk, founder of Strunk & Associates, a provider of overdraft protection programs for credit unions, has died at 69 following a battle with leukemia.
June 14 -
JACKSONVILLE, Fla. – Fidelity National Information Services said yesterday it will purchase Compliance Coach, Inc., a company that provides risk assessment software, e-learning and additional tools to enable compliance with applicable laws and regulations.
June 14 -
BAY CITY, Texas – Texas Dow Employees CU has agreed to move its new 5,000-square-foot branch 132 feet to the west to make way for a new retail development complex and a new credit union building.
June 14 -
MECHANICSBURG, Penn. – Members First FCU is opening its new branch inside a Giant Food Store in York today.
June 14