This Tech Feature looks at how a Dayton, Ohio, credit union is combining the personal service of tellers with the efficiencies of the ATM.
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.
Wright-Patt lending chief says unintended consequences could result from new CFPB rules put on Fannie and Freddie.
Hirings, promotions, retirements.
ESL Federal Credit Union, Rochester, N.Y. announced the addition of John Cirella as business banking relationship manager. In his new position, Cirella will be responsible for identifying, developing and managing business banking relationships in the Greater Rochester area.
Douglas Fecher, president/CEO of the $2.45 billion Wright-Patt Credit Union told lawmakers last week to direct the Consumer Financial Protection Bureau to limit regulatory burden by using existing tools, such as the power to exempt credit unions from its rulemaking.
Ohio credit union CEO to testify to House panel on Tuesday.
Though actual results remain under wraps, CUNA said Wednesday its member retention program is bringing back credit unions that have quit the CUNA/league structure.
A CUSO that helps credit unions increase the number of purchase money mortgages has urged credit unions to consider housing finance less as the marketing of loan products and more as creating a leading sales channel.