The idea for Michigan First Credit Union to open its own mortgage CUSO happened by accident.
The $705 million Michigan First Credit Union said it purchased a mortgage originator to launch a mortgage CUSO.
Credit unions that informed members and replaced cards early are reporting few to no losses.
The one clear fact in the raging debate about the role of branches for credit unions is that the voices are getting louder on both sides, with some insisting that clinging to branches is strangling the industry’s profitability while others say that the personalization is what makes credit unions different.
Clinton Township student Victoria Goldwater gets the nod from the Young & Free program.
This preview from next week's print edition takes another look at the possible fate of bricks-and-mortar branching.
DDoS attacks have been confirmed that have taken down two credit unions and several large banks’ websites. It’s been proven our entire financial system is vulnerable. While stealing personal information doesn’t seem to have been at play, this is a critical concern for the entire financial services industry.
Regulators fiddle while Rome set to burn.
Check capture by phone continues adoption among credit unions.
Suburban Detroit credit union feted for training and benefits.