Credit Union Times | Accurate and Timely CU News

Michigan Business Connection Forms New Alliances

By Michelle A. Samaad

ANN ARBOR, Mich. -- This summer has been a busy one for Michigan Business Connection, which was recently chosen to provide underwriting expertise for the CU Systems Fund.

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Market Shudders May Have Limited Direct Impact On CDCUs, For Now

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High CU Property Loss Expected on Ike

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September 15, 2008

CUs Report Low Impact from Fannie, Freddie Takeover

WASHINGTON -- Credit unions report very little impact from the recent government takeover of Fannie Mae and Freddie Mac. But Navy Federal Credit Union's Jack Gaffney, executive vice president of lending, said that, in the long term, the takeover is not good for the financial services industry.

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September 15, 2008

Report Says Fake Fire Marshals Find Easy Pickings at CUs, Banks

BATON ROUGE, La. -- Security specialists using network penetration, phishing, fake phone calls and simply walking in dressed like a fire marshal or exterminator were able to walk out of credit union and bank branches with sensitive data nearly every time, according to a new report.

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September 15, 2008

Lehman, Merrill Shakeups 'Not Enron'

ROSEVILLE, Calif. -- After a conversation today with a concerned credit union CEO on what he should be doing with his broker in the midst of the Lehman Brothers bankruptcy filing and Merrill Lynch acquisition, one noted industry expert emphasized "this is not Enron."

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September 12, 2008

New Company with CU Focus Offers Biometrics

OKLAHOMA CITY -- A developer and re-seller of biometric authentication solutions has started a new company targeting the credit union market.

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September 12, 2008

CRI Systems Touts a Pair of Signings

ELKRIDGE, Md. -- CRI Systems Inc. said two more credit unions have signed up to use the company's Route One indirect lending interface through its CRIterion loan origination software platform.

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September 12, 2008

CRI Systems Touts a Pair of Signings

ELKRIDGE, Md. -- CRI Systems Inc. said two more credit unions have signed up to use the company's Route One indirect lending interface through its CRIterion loan origination software platform.

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September 12, 2008