News

OneBridge, a credit and debit card processor headquartered in Indianapolis, has announced four new credit union clients.

Fair Isaac Corporation., the company that developed and markets the FICO credit score, has rolled out a new subscription service that it said will help credit unions better measure borrower risk in the current economy.

In a bank/credit union sale, the $1 billion Royal Credit Union of Eau Claire, Wis. is buying 11 branches from a troubled former thrift, AnchorBank of Madison, Wis.

To help acquiring credit unions with merger decisions, ALM First Financial Advisors LLC has teamed up with several firms to create a new division to assist them.

Pentagon Federal Credit Union President/CEO Frank Pollack told a Senate committee today that his credit union's overdraft protection program is completely opt in, operates as a line of credit and the cost to consumer is fully disclosed.

The head of the Nevada Bankers Association found last Friday's takeover of troubled Ensign Credit Union of Henderson by a Dallas CU "a real question mark as to whether credit unions should be in the business of making commercial loans."