News

Jack Henry & Associates said its remote deposit capture solution processed more than 23 million transactions in July and August, the most yet for its Check 21 operation.

United Federal Credit Union late Friday purchased and assumed the assets, loans and shares of Clearstar Financial Credit Union.

Responding to a request from NCUA Board Member Michael Fryzel for legislative language addressing credit union's need for alternative sources of capital, CUNA and NAFCU have agreed on a secondary capital package.

Five more financial institutions, including two credit unions, have signed up as new users of portal solutions from Passageways LLC in the past eight weeks, the company said.

Harland Financial Solutions is targeting credit unions that target small businesses with a new enterprise platform.

Sales of new homes increased 0.7% in August, but were 3.4% less than the levels in August 2008, the Commerce Department reported today.

The U.S. Central Federal Credit Union Conservatorship Advisory Board has voted to replace Chief Executive Officer James Nance.

Piggybacking on a successful direct deposit campaign last spring that brought 1,200 entries, Charter Oak Federal Credit Union is launching an online bill promotion this month offering $100 gift cards under a special linkup with a local grocery chain.