Still suffering from the bite of losing all their Western Corporate FCU capital in 2009, credit unions report they are still capital shy when it comes to replacing corporate services.
WesCorp members seek new home for services, shy from staking new capital. Get the story in next week's print edition today in this print preview.
Lending Tools to provide replacement for APEX ACH functionality, add international wire transfer services.
The NCUA has added several correspondent services to the list of incidental powers that federally chartered credit unions have.
WASHINGTON -- For credit unions, the upcoming House-Senate conference committee on the financial regulatory overhaul is coming down largely to interchange fee regulation.
At press time, the Senate was putting the final touches on the bill to change the way financial services are regulated.
On a mostly party-line vote, the Senate voted today to spend no more than 30 additional hours debating the bill that will overhaul the regulation of financial services.
The $281 million Neighborhood Credit Union is gaining new members and new business through a relationship with the Mexican Government.
The language in the Senate regulatory restructuring bill defining remittances is so broad that it could cause credit unions to stop offering electronic transfer programs.