News

Kentucky Employees Credit Union will be converting to a core processing system from Share One, the credit union and Memphis-based tech CUSO said.

Royal Credit Union, Accentra Credit Union and Cornerstone Credit Union have partnered with INVEST Financial Corp. for brokerage and investment services.

Effective October 19, the Federal Home Loan Bank of Boston will no longer purchase mortgages with primary mortgage insurance provided by mortgage insurer CMG Mortgage Insurance.

By the fourth quarter, commercial mortgage defaults from banks could soar past levels not seen in nearly 20 years, according to the FDIC.

As some in the credit union industry continue to speak out against a consolidated financial services regulator, the SEC and the Commodity Futures Trading Commission are moving forward to identify agency overlaps.

BOSTON -- Community First Credit Union President/CEO Cathie Tierney, whose credit union successfully sued the IRS over $54,000 in unrelated business income tax payment, was given NASCUS' Pierre Jay Award.