Call it a sign of the times. A Utah-based CUSO has partnered with a firm that specializes in managing and selling real estate owned by financial institutions to offer those services to other credit unions.
A Utah CUSO has joined with a firm that specializes in real estate owned by financial institutions to offer services to other credit unions.
Accept this reality: How corporate credit unions were will not be again, at least not soon.
CU America, an Illinois based mortgage CUSO with over 50 member CUs reported that it had a record year in 2010, helping its members book roughly $100 million in mortgage loans.
Unemployment, rising debt and financial uncertainty are continuing to change the perception of those who are using payday loans.
For the sixth consecutive year, CU Direct Corp. said it has paid a dividend to its credit union shareholders, this time one for $1.4 million.
AMOCO Federal Credit Union, Texas City, Texas, paid out approximately $1 million in bonus dividends and loan interest refunds to its membership.
A new backup center will soon be providing high availability and disaster recovery services for most of the client base of CU*Answers, the Michigan-based core processing operation said.
The growing demands of keeping up with outsourced services are helping to grow business at Passageways LLC, the company said.
The $800 million Workers' Credit Union of Fitchburg, Mass., said Friday it has promoted Douglas J. Petersen, its interim president/CEO, to permanent status.