INDIANAPOLIS - Credit unions which process their credit and debit transactions in-house with OneBridge now have a card dispute manager, called Dispute Agent, which can help them handle the often frustrating process more efficiently. "Many of our clients are small- to mid-size institutions that have one or less than one...

WINNIPEG, Canada - Astra Credit Union took a CND$7.5 (US$6.5) million hit when two of its commercial borrowers with interlocking directorships had major business problems and wrote a number of unauthorized overdrafts aided by an Astra employee. An ongoing audit has resulted in the employee to be first put on...

WARRENVILLE, Ill. and ALBANY, N.Y. - If the merger between Mid-States Corporate and Empire Corporate comes to fruition, the newly-merged corporate will assume the name Members United Corporate Federal Credit Union. "We felt that the new corporate's name should demonstrate the many positive facets the organization will offer the nation's...

NAFCU President/CEO Fred Becker believes a tax on credit unions would raise concerns for the three `S's': safety, soundness, and service. "If they taxed income at the corporate [level].it would raise safety and soundness concerns," said Becker. "That's not saying that credit unions would not take some tax avoidance measures,...

ARLINGTON, Va. -NCUA's Notice of Proposed Rulemaking on specialized lending activities "is sound" says NASCUS, but in the association's comment letter it filed on the NPR the association says it may be "unnecessarily broad causing regulatory burden." "Given the robust regulatory oversight for state-chartered, federally insured credit unions, the proposed...

TORONTO and JAMESTOWN, N.D. - Selient announced that First Community Credit Union is the first U.S. credit union to purchase Selient-PLUS, its loan origination and cross sales application. Selient Inc. specializes in Internet-delivered lending software and has 59 CU clients, mostly in Canada. First Community will be using Selient-PLUS, a...

FORT WORTH, Texas - Southwest CUNA Management School has a new director and new direction, although upon closer examination, both look very familiar. Janine McBee, who worked with the program for 12 years prior to accepting other responsibilities within Texas Credit Union League's Training Resources Department for the past six...

WASHINGTON - The five federal financial regulatory agencies have extended the comment period on the proposed guidance on nontraditional residential mortgage products. The agencies - the Office of the Comptroller of the Currency, Board of Governors of the Federal Reserve System, Federal Deposit Insurance Corporation, Office of Thrift Supervision, and...