Doug Wolf, the former president/CEO of Midwest Corporate Federal Credit Union, has been hired as vice president of ProDraft Services Inc., a payment processing CUSO, effective Dec. 1.
CO-OP Member Center is marking its first year as a CO-OP Financial Services subsidiary, a year in which it added credit union clients in 16 states and the District of Columbia, the big CUSO said.
The operations takeover of the soon-to-be liquidated Constitution Corporate Federal Credit Union by the also NCUA-conserved Members United Bridge Corporate FCU should take 90 days.
Repeated regulatory assessments, increased credit risk, drops in key revenue sources and increasing compliance burdens are all making it harder than ever for credit unions to stay healthy and continue to serve members. To meet these
Providing businesses with mobile banking and preventing fraud were top of mind for a group of banking brass gathered for a confab in California earlier this year. Social networking, maybe not so much.
Jack Henry & Associates' announcement today that it is buying iPay Technologies is a logical follow-up to similar acquisitions by two of Jack Henry's major competitors, according to an industry analyst.
PSCU Financial Services, a major payment processing CUSO, announced that its credit union owners will receive a total dividend of $17.9 million dollars from its 2009 operations.
Bellco Credit Union said it now has check imaging in place at 50 of its ATMs, following a February conversion to payment processing from CO-OP Financial Services.
PSCU Financial Services reported a strong 2009 despite the year's ongoing economic turmoil.