The numbers dazzle. There are 850,000 enrollees in online banking and in any given month, there are around 400,000 unique member visitors. That is why, for Pentagon Federal, the $15 billion Alexandria, Va.-based credit union, its newly revamped online banking site is a big deal.
The $426 million Notre Dame FCU has begun using address verification software from Experian QAS in its branches and mortgage operation.
Another credit union announced last week that it was taking a step in the direction of removing tellers from its branches.
Nation's biggest CU said its activity split between refinances and new purchases.
ACUMA workshop told registration, tracking of mortgage originators a particular area of uncertainty as regs take effect.
CU Members Mortgage, a lending mortgage vendor serving CUs, is touting its 2010 growth as bucking a very poor economic year that also carried a greater regulatory burden than usual.
Every year at this time, this space is reserved for predictions. Last year when I made mine, I must have been in a sour mood for they were downright bleak.
The frustration with representatives pushing products on members who did not really need or want them was behind SAC Federal Credit Union's decision to rethink the positioning of its investment services program.
Credit unions have benefited lower income and families especially, according to the Wisconsin Credit Union League.
NAFCU has written a letter to the NCUA asking the agency to ease some of its regulations surrounding the registration of mortgage originators.