Credit unions using ATMs from NCR can take advantage of a new servicing package from the manufacturer.
Colorado-based infrastructure outsourcer sold to Kentucky provider of core banking, diversified technology services.
PORTLAND, Ore. — When the business lending slump was at its peak a few years ago, entrepreneurs who were working with Redwood Credit Union and Orange County’s Credit Union were likely immune to the collapse.
Credit unions and community banks using COCC as their service bureau for core processing will now be offered an integrated enterprise risk management solution from Fortress Risk Management, the Connecticut companies said.
“In order to win, we need to be perfect. For a malicious party to win, he needs only to exploit one mistake.”
iPads are allowing the staff at the $554 million Red River Credit Union in Texarkana, Texas, to process loan applications with members in the office or remotely.
No more turning the tube around for members to view lending documents, credit union and company say.
On issues such as debit interchange and limiting the growth of future regulations, banks and credit unions are on the same side of the political divide. On others, such as credit unions’ tax-exempt status and raising the cap on member business lending, the industries’ interests diverge.
The initial reviews are in from the meeting this week between credit union CEOs, community bank CEOs and top brass of Federal Reserve banks, and so far the assessment of what was discussed on everything from interchange to Fannie/Freddie status was favorable.
Credit unions are playing catch-up to banks when it comes to business deposit products and services. Every national bank and most community banks offer remote-deposit capture services for businesses both large and small.