News

LAS VEGAS -- With the state leading the nation in foreclosures, Nevada Federal Credit Union, the state's largest, said Monday it considers itself fortunate to have steered its members away from subprime and despite the gloom is doing well in first-time home buyer mortgages.

In a recent legal opinion letter, NCUA stated that federal regulation pre-empts a Georgia state law prohibiting charging fees to non-accountholders for cashing share drafts on federal credit unions.

While NAFCU shares the agency's concerns over member access to the courts, NCUA should not re-incorporate its bylaws into regulation at this time.

There's a new look in store for Texoma Educators Federal Credit Union staffers.

CUNA, which does not typically weigh in on state regulatory matters, has written in support of considering the option of private primary deposit insurance in Washington State.

CUSO Financial Services, LP, a broker dealer and registered investment adviser to credit unions, reported today that year-to-date total revenue is slightly above figures for the first six months of 2006.

Fair Isaac is joining its ScoreNet network to automated collection tools offered by Online Resources Corp. in a new solution for collection agencies and debt buyers, the companies say.

Credit unions running on the Summit Information Systems core processing platform now can deploy a seamless interface with the CUDL indirect lending and point-of-sale system.