The NCUA won’t require credit unions to adopt Basel III capital requirements, said director of Examination and Insurance Larry Fazio. However, as required by statute, he said the federal regulator will have to require credit unions maintain capital that is “comparable” what other regulators enforce.
Mobile phones are more than just phones. They have become indispensable portable computers, helping manage our personal lives, connecting us at all times to the office and bringing us the information we want, when we want it at the speed of light.
Mobile banking has quickly taken on a key role in the growth strategies of leading credit unions.
Big banking tech companies recently have been hungrily gobbling up smaller companies and the question is, Will this consolidation continue? The other question, Is this good, or bad, for credit unions?
The announcement last month by Fiserv that it would acquire Open Solutions Inc. for roughly $1 billion, most of that in debt assumption, has sent some shivers through the credit union core processing world.
Market consolidation of core processing companies is not a good thing for credit unions.
Florida Hospital CU will run the system online, along with hosted online and mobile banking, archival and CU*Talk audio response systems, the company said.
They are DuPont Community Credit Union of Waynesburg, Va., and Wings Financial Credit Union of Apple Valley, Minn.
North Charleston credit union touts greater search functionality, new product pages.
Two credit unions have announced their intent to convert to the online banking platform from Online Resources Corp. of Chantilly, Va.