News

Open Solutions Inc. said it recently completed three core conversions over a single weekend representing credit unions with more than $7 billion in assets.

For purposes of whether to grant a community charter, a well defined local community would have to have 2.5 million or fewer people and have a core area containing 50% of the jobs and 33% of the population.

Running counter to prevailing trends, the $1.4 billion Texas Dow Employees Credit Union detailed Thursday what it described as an "aggressive expansion and growth" plan encompassing five new branches in east Texas for 2010.

Investment losses at the $21 billion Western Corporate Federal Credit Union are "substantially greater" than originally projected by Clayton Holdings earlier in the year, Chief Investment Officer Joe DiMichele told members in yesterday's Webcast.

The Webinar business by and for credit unions is picking up steam at year-end.

Two "unusual expenses" are preventing executives from projecting year-end numbers, Chief Financial Officer Jim Hayes told members yesterday in Western Corporate Federal Credit Union's monthly financial Webcast.