News

It remains to be seen what impact, if any, the 230 credit unions served by LPL Financial Corp. will feel as the company recently filed with the SEC for an initial public stock offering.

A credit counseling organization has released a survey, which it said contradicts a prevailing image of large numbers of home owners walking away from their mortgages.

Reps. Debbie Wasserman Schultz (D-Fla.) and Kenny Marchant (R-Texas) are asking colleagues to sign a letter to push for the removal of Senate-passed amendment giving the Federal Reserve the power to regulate interchange fees.

Charlene M. Pickhinke, a former MetaBank employee, who pled guilty in July 2009 in a case involving $4 million in stolen CD deposits from credit unions and others, is scheduled to be sentenced this month.

The economy is continuing to improve slightly and consumers are more willing to take on new credit when buying products and services.

CU*Northwest said it has converted its first California credit union to the CU*Base core processing system.

Credit union employees and volunteers as well as other people interested in federal issues related to credit unions can participate in and ask questions of NCUA Chairman Debbie Matz at a June 28 Town Hall Webinar.

Jack Henry & Associates said today that it has completed its $300 million cash acquisition of iPay Technologies.