From increasing services to mitigating risks, the benefits of partnering with CUSOs and other vendors run the gamut, experts say.
Fifteen credit unions are betting the time is right for a credit union centric digital wallet. That’s why they threw their weight behind startup CU Wallet, the brainchild of Paul Fiore, founder of Digital Insight, and Kirk Drake, CEO of the Hagerstown, Md.-based CUSO Ongoing Operations.
America has fallen woefully behind in providing adequate financial education to students and families, especially when it comes to student loans. Recent progress by government agencies, financial institutions and schools themselves is making up for lost time, but many college graduates will still face significant student loan debt that could...
The debit card interchange cap will cost the $11.5 billion BECU between $35 and $45 million in 2014.
LAS VEGAS — Credit union executives attending the American Credit Union Mortgage Association’s 2013 conference received both good news and bad news.
The Consumer Financial Protection Bureau should increase transparency in a number of ways, according to a new report released Sept. 24 by the Bipartisan Policy Center.
On Sept. 1, MnIPC, a wholly-owned subsidiary of the Minnesota Credit Union Network, completed its purchase of ProDraft Services LLC, a Bismarck, N.D.-based CUSO that provides correspondent and EFT processing solutions.
Second Federal Credit Union opened its doors in Chicago Sept. 21, assuming the footprint of a 130-year old failed thrift.
Generally speaking, while women are avid users of technology, they tend to be underrepresented in the field.
In mid-October, Whatcom Educational Credit Union in Bellingham, Wash., will undergo one of the Evergreen State’s first separate examinations for consumer compliance, now required of all Washington state chartered credit unions with more than $500 million in assets.
Credit unions talk a good game about wanting to serve low-income populations.
It’s a great time for U.S. credit unions. The need for strong financial guidance is acute, awareness of the credit union difference is rising, membership is high and surveys tell us members are overwhelmingly satisfied. Yes, there’s room for improvement, but generally, it’s terrific to be a credit union leader...
A growing number of credit unions are working to make their branches more sales and service oriented and kiosks are part of the transformation. Kiosks are being used to provide members with complex product information and assist with member queuing—all while supporting management demand for better staff utilization and improved...
The interesting thing about level playing fields is that you sure hear a lot of people preaching and complaining about them; but, much like the Loch Ness monster, it’s hard to find anyone who has ever really seen one.
At Ent Federal Credit Union, giving back to the community is an important part of our culture, and year after year, our employees donate their time, talent and resources to support local causes in a meaningful way. Our employees are right now taking part in our annual United Way campaign,...
The NCUA and other federal agencies said Sept. 24 that reporting suspected elder financial abuse does not generally violate privacy law.
The NCUA filed an antitrust lawsuit Sept. 23 against 13 international banks involved in the Libor rate scandal.
The NCUA on Sept. 23 filed nine federal lawsuits in New York against eight banks over the sale of nearly $2.4 billion in mortgage-backed securities to failed corporates Southwest Corporate Federal Credit Union and Members United Corporate Federal Credit Union.
The 13.000-member, $103 million Cooperative Center Federal Credit Union expressed support Sept. 24 for Richmond, Calif., to obtain and restructure some mortgages even if the Bay Area town has to use eminent domain.