Robert Taylor was so impressed with the core processing system at the smaller credit union his Idaho State University Federal Credit Union was merging that the CEO is not only keeping that platform around, he’s buying a piece of the company.
Many unanswered questions continued to swirl last week over the causes, fate and future course of the conserved $318 million Telesis Community Credit Union.
Northwest CU Collaboration is scheduled to be operational in the third quarter of 2012.
After receiving more than 280 comment letters on the matter, credit unions may see a final amended CUSO proposal by midyear.
With a 56% expansion in its business-lending portfolio last year, American Heritage Federal Credit Union is proving that growth is possible despite the odds.
A month after TDECU Insurance Agency LLC acquired a Houston-based insurance company, the CUSO has bought two more insurance firms.
The prospect of credit unions building a stronger housing finance industry received some good news last week when a new CUSO, Mortgage Liquidity Solutions, announced its first sale of participations in CU-originated mortgage loans.
New network comprises more than 1,700 credit unions, 4,400 branch locations and 2,200 kiosks in 7-Eleven stores.
The credit union owner list of core processing CUSO CU*Answers has now crossed the century mark, with eight new stockholders pushing the number to 101.
Mortgage Liquidity Solutions makes sale for Affinity Plus FCU in St. Paul, Minn.