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MALVERN, Pa. - It may have been worlds away, but it's still significant for the future of core banking - that is Linux's future. Sanchez Computer Associates Inc. announced the first deployment of a core processing system for a banking institution on the Linux operating system. First Mortgage KFT of...

DALLAS - Southwest Corporate FCU is giving its members expanded check imaging power. The $9 billion corporate has joined the Endpoint Exchange Network, a division of Clear Check LLC. Southwest said this move will provide more than 500 of its 1,200 members with the ability to exchange electronic images of...

NEW YORK - Despite earlier predictions by some economists that fixed mortgage rates would start to rise in the second half of 2003, so far there is no indication this is happening. In fact, fixed mortgage rates hit a new low for the sixth straight week, according to Bankrate.com. The...

MCLEAN, Va. - Another corporate scandal? Maybe, but maybe not. At this point, the jury's still out on what effect massive leadership changes by the board of directors of Freddie Mac announced June 9 will have on the continuing strong mortgage market that experts say has sustained an otherwise soft...

ARLINGTON, Va. - One day after the Treasury, in its comment letter to the NCUA, expressed concern with key provisions of the credit union regulatory agency's proposed member business lending regulation revisions, NASCUS sent NCUA its own comment letter voicing its overall support for the proposed revisions and offering suggestions...

SACRAMENTO, Calif. - For the second time in less than a month, a hearing by the Assembly Banking and Finance Committee on long-fought financial privacy legislation has been postponed. No date was set for the measure, SB1 by state Sen. Jackie Speier, to be heard, according to her office. The...

BRISBANE, Australia - Brisbane, the third largest city in Australia and the capital of Queensland, in eastern Australia will be home for five days for the credit union representatives from 31 different countries who will attend the World Council of Credit Union's 2003 International Credit Union Forum next week. Despite...

Pacific Resource Credit Union, Los Angeles, Calif., staffers have donated their time to the fifth Annual Hope for Firefighters Event. Pacific Resource staffed a beverage booth to quench the thirsts of more than 4,000 people in attendance, helping to raise funds benefiting the Los Angeles Fire Department's Widow and Orphans...