Read about this week's credit union industry career moves.
Daniel Weickenand, CEO of the $531 million Orion FCU in Memphis, Tenn., said low margins and risk forced him to discontinue non-QM loans.
Memphis credit union plans to use a new teller imaging system integrated with its existing check fraud management program.
Orion Federal Credit Union offering $10,000 reward for information leading to arrest of suspects in shooting death of 44-year-old woman.
Orion Federal Credit Union in Memphis, Tenn., has become the largest client running the KeyStone core processing platform from Corelation Inc. after a Labor Day weekend conversion.
Memphis credit union switchover largest yet for San Diego-based core processing company.
Fresh off a name change, the $535 million Orion Federal Credit Union in Memphis, Tenn., also is converting its core processing to a new vendor.
Credit unions worked hard in 2011 to continue to build their housing finance programs even as the overall housing industry continued to struggle with low home prices, high foreclosure rates and significantly tighter mortgage underwriting rules.