After a net loss of $12.8 million in 2010, the $1.2 billion Kern Schools Federal Credit Union in Bakersfield, Calif., declared 2011 its best year for financial performance since 2007. The CU announced a net income of $22.4 million for 2011 and a net worth ratio that jumped from 4.31%...
California CU said its net income was $22.4 million for 2011, an improvement of more than $35 million from 2010.
Rhode Island credit union chooses new Fiserv Inc. core processing solution.
Fiserv Inc. said its ACCEL/Exchange payments network saw a 29% increase in volume last year over 2010, setting a new mark of more than 1.5 billion point-of-sale and ATM transactions.
EPS growth of 20% in the fourth quarter helped propel the year-end figure to the new record, the company said.
Members of San Diego County Credit Union can now deposit checks via their Android or iPhone devices.
Fiserv Inc. said its new Acumen core banking platform has replaced two systems at Momentum Credit Union.
Credit unions will need to continue to seek out and provide a full – and expanding – range of services if they wish to position themselves as their members’ payment provider of choice in 2012.
Fiserv Inc. said it has added smartphone access to its WC3 Web client control center.
The $5.4 billion SDCCU said it’s the first San Diego-based credit union to offer check deposit by smartphone.