News

ALEXANDRIA, Va.--With little discussion and by a unanimous vote, the NCUA Board today upheld the denial of Tri-State FCU's application to add a YMCA to its field of membership.

The Board of Governors of the Federal Reserve today proposed a rule which would cap debit card interchange at no more than 12 cents per transaction.

ALEXANDRIA, Va.--Board members of FCUs will only get limited exemption from being sued for some of their actions and will have to gain proficiency reading balance sheets if they don't already have it, according to regulations approved by the NCUA today.

RealtyTrac, a firm specializing in foreclosed and economically distressed homes, reported that the numbers of properties in some part of the foreclosure process nationwide dropped by 21% in November.

Cloud computing adoption and outsourcing IT, preparing for the changeover of Internet server addresses, mobile computing and the continuing rollout of Windows 7 are all things that the credit union backshop may be dealing with in 2011.

A Maryland CUSO has partnered with a hosted applications specialist in California to offer a new suite of production IT offerings for credit unions.

CUSOs using a corporate credit union's services may seek liquidity outside of the industry if a provision requiring them to pay a voluntary payment to the Temporary Corporate Credit Union Stabilization Fund goes through.

The impact of the Federal Reserve's proposed rule on debit interchange could be a "drastic" cut to CU debit card income, according to CUNA CEO Bill Cheney.