The $2.4 billion Affinity FCU said it has hired Wall Street banker Scott Witherspoon to manage its lending, member care units.
While Fiserv Inc.’s purchase of Open Solutions Inc. marked the end of an era, it also sparked conversation about how the financial services technology giant will handle the addition of another handful of core account processing platforms to its portfolio.
Get an in-depth look at the Fiserv takeover of Open Solutions in this preview from next week's print edition.
Of the 2,000 credit unions located in the path of Hurricane Sandy, 838 were unable to operate, in varying degrees, during the difficult days following the super storm, according to the NCUA. And it took nearly a full week before most of those credit unions were be back in business...
New Jersey's largest credit union planned to open five or six of its 15 branches on Thursday.
The brain of every credit union is its core computer system–the tabulation of every transaction and thus the essential record. But voices increasingly are heard that it is time for a substantial reevaluation of those core systems.
Two former CEOs have been banned from working again for corporates but are allowed to work elsewhere in the industry.
The House Banking Committee focused on oversight and trying to undo or modify some of President Obama’s initiatives while the Senate Banking Committee focused on less sweeping efforts in 2011.
Calling it a net plus for the consumers and the housing market, Affinity FCU President/CEO John Fenton urged lawmakers to ensure that any changes in the housing finance system don’t jeopardize the existence of the 30-year mortgage.
New Jersey CEO says 30-year mortgages are "necessary for the health of the housing market."