AUSTIN, Texas – FIData, an Internet lending solutions and call center firm, has cut an undetermined number of jobs. “We’ve had some cutbacks. FIData is not going out of business. It is true we have made some cutbacks we felt were necessary because of a sales slowdown,” said David P. Tusa, Senior Vice President and CFO, for New Century Equity Holdings, the parent company for FIData. FIData has approximately 95 CU clients. New Century is having problems of its own. It has failed to maintain a minimum bid price of at least $1.00 over the prior 30 consecutive trading days as required by Nasdaq Marketplace Rules. The company will be provided 90 days, or until December 3, 2001, to regain compliance with the rules or be delisted from the Nasdaq. The majority of New Century’s subsidiaries are e-commerce firms.

Complete your profile to continue reading and get FREE access to, part of your ALM digital membership.

Your access to unlimited content isn’t changing.
Once you are an ALM digital member, you’ll receive:

  • Critical information including comprehensive product and service provider listings via the Marketplace Directory, CU Careers, resources from industry leaders, webcasts, and breaking news, analysis and more with our informative Newsletters.
  • Exclusive discounts on ALM and CU Times events.
  • Access to other award-winning ALM websites including and

Already have an account?


© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.


Credit Union Times

Join Credit Union Times

Don’t miss crucial strategic and tactical information necessary to run your institution and better serve your members. Join Credit Union Times now!

  • Free unlimited access to Credit Union Times' trusted and independent team of experts for extensive industry news, conference coverage, people features, statistical analysis, and regulation and technology updates.
  • Exclusive discounts on ALM and Credit Union Times events.
  • Access to other award-winning ALM websites including and

Already have an account? Sign In Now
Join Credit Union Times

Copyright © 2024 ALM Global, LLC. All Rights Reserved.