News

Two Houston credit unions, the $232 million PrimeWay FCU and the struggling $128 million TexasOne Community CU are planning a merger, it was disclosed this week.

Mobile banking company MShift Inc. has filed a federal lawsuit against Digital Insight and one of its customers, a Louisiana bank, charging them with infringing on an MShift patent.

Full service marketing firm FIRST ROI has officially joined forces with its parent company, BancVue, and will now be known as BancVue Interactive.

Nominations for NACUSO's 2010 CUSO collaboration and innovation awards are now being accepted, the association said.

Depending on which analysis you follow, between 22 and 24 credit unions sold their credit card portfolios and entered into an agent-issuing agreement with purchasers in 2009, according to NCUA data.

The country's economic difficulties took an acute toll on individuals and businesses last year as the number of filings for bankruptcy rose by 31.9%, according to data released today by the Administrative Office of the U.S. Courts.