News

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.

uMonitor said it has integrated its uOpen online account opening and retention solutions with human emulation software from Next IT to help reduce the number of abandoned applications.

There will likely be another round of place holding and finger pointing on Capitol Hill on Sept. 15 when a House Financial Services Subcommittee opens a hearing on Fannie Mae and Freddie Mac.

An overwhelming majority of voters in congressional districts in eight states said they would want their representative to support raising the cap on member business lending, according to a poll released today by CUNA.