News

More than 180 people and 25 credit unions participated in uMonitor's recent two-day virtual conference for users of its account opening and funding and other solutions, the Memphis, Tenn., company said.

Member Driven Technologies, a suburban Detroit provider of the Symitar core processing platform, said it has converted two more credit unions and won a tax credit from the state of Michigan to build a second data center.

ANAHEIM, Calif. -- In a session that would have been taboo five years ago, the California and Nevada Credit Union Leagues Annual Conference was home to a session on merger strategies.

A Kansas software firm, specializing in serving the 20 "bankers' banks" across the U.S. on settlement and payments, is enjoying a spurt in activity from the corporate credit unions "about ready to make a change."

In an effort to reduce losses to the NCUSIF, the NCUA on Wednesday announced a pilot program in which institutions that acquire failing credit unions can purchase and service loan pools and the NCUA would reimburse a percentage of any loan losses.

Federal credit unions can use a fully automated loan approval process but should be careful that it has safeguards to ensure that it doesn't raise safety