Credit Union Management

The results of Market Rates Insights first nationwide integrated study on service fees revealed that credit union members are more willing to pay for lifestyle financial servicesfinancial services that support mobile, efficient lifestylesthan bank customers are.

After 11 years as a leading mortgage CUSO, Prime Alliance has been sold to become a subsidiary of Mortgage Cadence, a mortgage technology firm with a similar approach and some credit union clients. As a subsidiary of Mortgage Cadence, the firm will no longer remain a CUSO.

New York State Acting Supreme Court Justice Arthur Engoron issued a temporary injunction against Mayor Michael Bloombergs 2011 plan to create a new class of up to 18,000 liveries authorized to pick up street hails in Brooklyn, Queens, the Bronx, Staten Island and much of Manhattan.

Connect Financial Software Solutions said it has inked the $150 million Aventa Credit Union in Colorado Springs, Colo., to a multi-year agreement for online banking, mobile and account opening services.

SAN DIEGO Without a proper executive benefits package for the entire executive team, credit unions risk losing potential CEO replacements to organizations, competing banks and other credit unions, said CUNA Mutual Groups Scott Albraccio, executive benefits sales manager, during a breakout session at Americas Credit Union Conference.

The Dow Louisiana Federal Credit Union board of directors last week announced the selection of Richard Williams as the credit unions new CEO.