News

CAMBRIDGE, Mass. - Younger consumers continue to outpace their seniors, especially senior citizens, in researching and applying for financial service products online. According to Forrester Research's Consumer Technographics studies, overall use of the online channel for researching products increased for credit cards, mortgages and checking accounts last year, while home...

LAS VEGAS - Teres Solutions (www.teresolutions.com) has added home equity loan origination support to its SAIL Direct Lending software platform. The Austin, Texas, based company has more than 30 credit unions on its Software Application for Integrated Lending (SAIL) indirect lending platform and recently began offering the direct lending option,...

LAS VEGAS - NCUA Chairman JoAnn Johnson has left little doubt she is pushing ahead this year with regulatory relief on capital ratios for CUs but has no intent of "micro-managing" well-run institutions. In featured remarks before NAFCU's annual conference, the NCUA chairman said while the agency "is actively engaged...

GRAND RAPIDS, Mich. - Lake Michigan Credit Union (www.lmcu.org) is set to consolidate its loan portfolio and centralize loss-prevention information with a new browser-based overdue account collection system from Canada's Guthrie Phillips Group (GPG). The TopNotch solution from Vancouver, B.C.-based GPG (www.guthriephillipsgroup.com) will integrate with $1.1 billion Lake Michigan CU's...

HARRISBURG, Pa. - eCU Technologies has provided consulting services to five more credit unions in the past few months, according to the tech CUSO for Pennsylvania State Employees Credit Union. They are $1.6 billion MacDill FCU in Tampa, Fla.; $861 million Newport News Shipbuilding Employees' CU in Virginia; $531 million...

BOSTON - Households actively banking online are expected to reach 39% of the market by the end of 2006, with adoption being driven by marketing and usability improvements and innovations. That's one highlight of a 57-page analysis of the online banking vendor market by Celent Communications. The think firm also...