The Consumer Financial Protection Bureau has selected the $3.9 billion Mountain America Credit Union in West Jordan, Utah, for its eClosing three-month pilot study beginning later in the year.
CUSO and credit union experts share what they're doing to provide members with the latest business services technology.
Program is part of the bureau’s “Know Before You Owe” mortgage initiative.
Despite daily announcements of credit unions converting to new core processors, some say long-term core relationships are best.
The $118M credit union is the first in the state to offer the merchant-funded rewards platform.
The $18 million Newark Firemen Federal Credit Union in Newark, N.J., has completed its conversion to the CU*BASE platform through CU*SOUTH, an Alabama-based CUSO that is an affiliate of CU*Answers, the Grand Rapids, Mich.-based CU*Answers said.
The Michigan-based vendor holds steady at 225 credit unions running its CU*BASE core system.
GoBankingRates.com selected these institutions for their extra effort.
The $6.3 billion America First Credit Union in Riverdale, Utah, said it now is the first financial institution in the state to offer merchant-funded offers and loans through a mobile app.
The $187 million First Financial Federal Credit Union in Wall Township, N.J., hired Jennifer Spector as compliance and risk analyst. She has more than 10 years of banking experience, most recently as branch manager for First Atlantic Federal Credit Union in Eatontown, N.J.