News

Financial Accounting Standards Board Chairman Robert H. Herz announced a new agenda project Feb. 18 that could potentially ease fair market accounting rules, which have caused huge unrealized losses and OTTIs for corporate credit unions.

Akcelerant Software LLC has acquired its largest competitor in the collections and recovery software space for community financial institutions, the suburban Philadelphia company announced.

Credit unions recognized as community development financial institutions have the opportunity to get some of the $787 billion the federal government has decided to spend on economic stimulus.

Teachers Federal Credit Union's successful mortgage refinance business scored the credit union some cable TV face time.

Families willing to expose their finances are helping credit unions get consumers excited about saving. And with the buzz about financial makeover contests, two credit unions have found their contestants.

In a year that brings new challenges, the Filene Research Institute is hoping to provide credit unions some fresh solutions with its "Key Findings: Blueprints for Innovation" report from its i3 innovation group.