Credit Union Times | Accurate and Timely CU News

Heartland Payment Systems Returns to Visa's Compliant List

By David Morrison

Card issuing credit unions and banks might take a small measure of comfort from the news that Heartland Payment Systems will return to Visa USA's list of firms compliant with the industry's data security standards on May 4.

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Broker-Dealers Face More Pressure to Scrutinize Clearing Firms

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Financial Planning College Slashes Course Costs

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May 03, 2009

Members United Records $511 Million Loss

Members United Corporate FCU management estimates the corporate will record a $511 million loss against its capital base over the next couple of months, wiping out all retained earnings and paid-in capital.

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May 03, 2009

Bank Loan Throwaways Not up to Snuff for Some Credit Unions

Every now and then, Centennial Lending LLC will spot a gem but lately, the business and mortgage lending CUSO has had to turn down many shoddy loans previously serviced by banks.

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April 30, 2009

Coastway Members Vote to Change Bank Charter

About 80% of the members who cast ballots in the $300 million Coastway charter change election voted in favor of changing the CU to a mutual bank, according to a story in the Providence Journal.

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April 30, 2009

Hawthorne CU Adds Mobile Banking

Mobile banking is now an option for the 14,000 members of Hawthorne Credit Union in Naperville, Ill.

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April 30, 2009

SBA Expands 7(a) Loan Criteria to Woo More Businesses

The SBA said today it will temporarily expand its 7(a) loan program to allow businesses to qualify based on net worth and average income potentially opening up eligibility to more than 70,000 small businesses.

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April 30, 2009

Obama Confirms That Souter Will Retire

President Obama confirmed this afternoon that Supreme Court Justice David Souter informed him that he is retiring from the high court when its term ends in June.

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April 30, 2009

U.S. Central Reporting $2.3 Billion OTTI; Liquidity Squeezing Corporates

U.S. Central FCU will report a $2.3 billion Other-Than-Temporary-Impairment charge when it releases its March 31 financials, the NCUA released today in its weekly corporate update.

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Top News Stories

Heartland Payment Systems Returns to Visa's Compliant List

Broker-Dealers Face More Pressure to Scrutinize Clearing Firms

Financial Planning College Slashes Course Costs

Recommended Just For You

News Stories

Members United Records $511 Million Loss

Bank Loan Throwaways Not up to Snuff for Some Credit Unions

Coastway Members Vote to Change Bank Charter

Hawthorne CU Adds Mobile Banking

SBA Expands 7(a) Loan Criteria to Woo More Businesses

Obama Confirms That Souter Will Retire

U.S. Central Reporting $2.3 Billion OTTI; Liquidity Squeezing Corporates