Credit union executives say they can comply, but question some of the rule's risk-weighting details.
The bulk of credit union and CUSO mortgage programs will see minimal impact from Fannie Mae and Freddie Mac limiting the secondary market to only qualified mortgages, according to credit union and CUSO executives.
CUSO cites client signings across lineup of technology solutions.
The technology CUSO of the $2.5 million Wescom Credit Union in Pasadena, Calif., is celebrating its first decade of providing software and technology service solutions to credit unions.
Wescom Resources Group is marking its 10th anniversary as a provider of software and technology service solutions to credit unions.
The 256,000 members of the $3 billion San Antonio Federal Credit Union are now being offered new mobile banking and remote deposit checking options.
More than $1.6 million has been invested since November to upgrade the Wescom Resources Group service bureau for credit unions running the Symitar Episys core platform, the company said.
The $3 billion San Antonio Federal Credit Union is now offering a new mobile banking and remote deposit checking service to its 256,000 members.
Wescom Resources Group said it has invested more than $1.6 million in its service bureau for credit unions running the Symitar Episys core platform.
Record sales of its core products in 2011 helped Wescom Resources Group take in $939 million and maintain average annual growth of 25% through its 10-year history.