As many credit unions learned recently during Hurricane Sandy, disasters can happen. Especially in storm-prone coastal areas, its important for credit unions to have reliable back-up plans for their data should a weather-related catastrophe strike.
Repetitive yet necessary tasks such as counting cash and scanning checks steal away precious time that branch employees could be devoting to servicing their members.
The announcement last month by Fiserv that it would acquire Open Solutions Inc. for roughly $1 billion, most of that in debt assumption, has sent some shivers through the credit union core processing world.
A group of Democratic senators introduced a bill Jan. 23 that would allow privately issued student loans to be discharged along with other bankruptcy debt.
