News

The Senate is expected to break its impasse on a small business lending bill--which includes a $30 billion fund to encourage community bank lending--but without a provision to raise the cap on member business loans from 12.25% to 27.5% of assets.

Three hundred managers who work at the $21 billion State Employees' Credit Union and are also in the military recently received long-term support from the cooperative.

Online banking specialist Jwaala's software will now be offered to credit unions running their operations through the Member Driven Technologies data and hosting center in Warren, Mich.

The planned merger by Navy Federal Credit Union of the long-troubled $604 million USA Federal CU is emblematic of a sharply escalating trend which could see another 2,500 mergers by 2015, Dennis Dollar forecast Monday.

Integrated Media Management said it is introducing its branded iPad application for document processing and signature capture this week at Fiserv Inc.'s Innovate 2010 credit union conference in Las Vegas.

The NCUA-rejected sale of the $600 million United Services of America FCU's South Korean and Japanese branches was worth as much as $30 million, California Credit Union League Interim CEO Dave Chatfield said.