News

When it comes to forming partnerships outside of the industry, credit unions are known for asking the hard questions and double-checking information, said one IRS official.

The Golden 1 Credit Union is the first credit union user of a new ASP version of a remote deposit capture solution from Fiserv Inc.

BOSTON -- The recent "unprecedented events of systemic proportions" have shown how important strong oversight of financial services is, FDIC Board Member Tom Curry told attendees at NASCUS' State System Summit.

The Washington Credit Union League said it is giving outgoing NCUA Chairman Michael Fryzel "a thank-you-well-done" pat on the back just days before his successor, Deborah Matz is sworn in next Monday.

The SBA is courting credit unions and other lenders to use its expanded micro loan program now that an additional $50 million has been made available under the American Recovery and Reinvestment Act.

The $167 million Southbridge Credit Union and the $83 million Cambridge Portuguese Credit Union are the latest to partner with Northeast CUSO, a business lending entity.

The affiliate concept for credit union mergers, though appealing for marketing image and messaging, is simply impractical, according to the CEO of a Nebraska CU that just completed a consolidation.

BOSTON - Incoming NASCUS Chair Thomas Candon said today that seeing to it "that the state credit union system alter efforts to revamp the regulatory structure" will be a top priority of his tenure.