News

Fiserv Inc. said it has signed four more users of its Portico core processing solution for smaller credit unions.

NCUA's new financial literacy rules for volunteers are triggering a run this week on financial education packages, both in-person and online, with an eye toward assisting directors weak on computer skills.

Credit unions will have to wait until next year to expand member business lending following yesterday's unsuccessful effort by Sen. Mark Udall to bring up the legislation in the waning days of the lame duck Congress.

The Federal Reserve did not survey small debit card issuers about their costs of issuing before it issued rules that will directly impact their income from debit card interchange.

As Check 21 wraps up its first decade, its impact has been considerable.

NAFCU CEO Fred Becker said credit union members would be those most hurt by the Federal Reserve's proposed rule capping debit card interchange at 12 cents.

As the SBA marks the recent renewal of its Patriot Express initiative for three more years, credit unions have helped grow the program by providing loans to the military community.

Workers' Credit Union has named Executive Vice President/Chief Financial Officer Douglas J. Petersen as interim president/CEO.