News

The NCUA today issued a DVD explaining its plans for resolving the problems with the legacy assets of the corporate credit union system.

Managed service specialists HEIT of Fort Collins, Colo., and Simpler-Webb of Austin, Texas, have merged to form what the new company says is the country's largest managed services provider for community financial institutions leveraging cloud technology.

Vendor management software and services provider Quantivate LLC said it has signed contracts with two more billion-dollar credit unions.

Credit union executives and other interested persons wanting to hear more about the new rules for corporate credit unions and the NCUA's plans for dealing with legacy assets can attend one of the 11 town hall meetings the agency has scheduled for October.

Moving quickly over the weekend, FoolProof, the Florida-based consumer advocacy initiative, partnered with 15 state leagues and took a leadership role on the corporate takeover crisis by producing and distributing a free 90-second video for CUs.

Like CUNA, NAFCU was wasting no time this week to counter the negative "credit union bailout" spin on some national media outlets, blogs and in social media.