News

A 55% growth rate in 2010 for Octant Business Services, a CUSO that provides underwriting and loan servicing for member business lending programs, has yielded another dividend for its owners.

A 55% growth rate in 2010 for Octant Business Services, a CUSO that provides underwriting and loan servicing for member business lending programs, has yielded another dividend for its owners.

The Charter Advisory Group of Members United Bridge has disclosed that it recently filed an official application with NCUA to charter a new corporate credit union.

Three more credit unions have signed up to use remote compliance monitoring services from Xtend Inc., a Grand Rapids, Mich.-based CUSO, the company said.

Three more credit unions have signed up to use remote compliance monitoring services from Xtend Inc., a Grand Rapids, Mich.-based CUSO, the company said.

The NCUA has threatened to sue four investment banks if they don’t refund $50 billion from the sale of mortgage-backed securities to five corporate credit unions that the agency conserved last year, The Wall Street Journal reported today.