News

PASADENA, Calif. - WesCom Resources Group is proving you can be successful offering someone else's core processing solution. WesCom Resources Group is a CUSO of the tech-savvy Wescom Credit Union. Last year it started offering credit unions Symitar's Episys product in a service bureau environment. Symitar also offers a service...

BOSTON - Credit unions lead the vastly larger commercial banking space in one area: growth of automated lending. "Our research indicates that credit unions have advanced more quickly in this area than banks," Celent Communications analyst Isabella Fonseca concludes in her new report, "Lending Solution Vendors in the U.S." Nearly...

WASHINGTON-The Federal Financial Institutions Examination Council released its revised Information Technology Examination Handbook, NCUA Chairman Dennis Dollar announced in a Letter to Credit Unions (03-CU-07) recently. Earlier this year, FFIEC released a new Information Systems Examination Handbook revised from the 1996 edition. The current IT handbook is just as old...

WASHINGTON-Four financial services regulators issued guidance last week to help their industries to identify and manage potential risks related to Weblinks, which transport Internet users to a different section of a Web site or to another site. NCUA, the Office of the Comptroller of the Currency, the Federal Deposit Insurance...

CAMBRIDGE, Mass. - Credit union executives might want to take note that the competition is focusing on retaining existing customers and increasing the use of online bill pay as top e-commerce priorities. And CU managers frustrated with the struggle to synchronize information across channels as well as measure their return-on-investment...

PHILADELPHIA - More than 300 attendees reviewed new technology products and networked themselves at USERS Inc.'s 2003 two-day user group conference held recently at the Hyatt Regency at Penn's Landing in Philadelphia. Credit union clients learned about new solutions from USERS, including e-mail services and e-signatures, driver's license scanning, non-member...