The trade group also announces it will gain one employee from the ICBA.
A partnership with investment management firm Apollo will lead to a private, secondary market for the vendor's CU clients.
Read about this week's new hires, promotions and other career milestones in the credit union industry.
Credit unions announce new hires and promotions.
Sallie Mae, the largest servicer of federal and private student loans, was ordered to pay $96.6 million in restitution and penalties for violating the legal rights of U.S. service members, according to the Justice Department.
Justice Department says the student loan servicer overcharged military borrowers.
J.P. Morgan VP shared information with his childhood friend on at least 15 pending transactions, including the First Data acquisition.
NAFCU, CUNA see minimum direct impact on credit unions but leveling of playing field.
Gary Perez is upbeat about the future of private student loans.
The $4.2 billion Pennsylvania Employee Credit Union is getting out of the student loan business, but Harrisburg, Penn.-based credit union’s decision isn’t related to recent criticism directed at loan servicer Sallie Mae.