News

Credit unions would have the chance to do more business lending as a result of a bill that is being debated and is expected to pass by the House today.

Jack Henry & Associates Inc. is buying Pemco Technologies, a provider of card and payment processing solutions to about 235 financial institutions, primarily credit unions.

Senate Banking Committee Chairman Christopher Dodd (D-Conn.) and Sen. Johnny Isakson (R-Ga.) are expected to announce an agreement to expand the tax credit for first-time home buyers.

Three credit union executives and a former NCUA chairman will testify at tomorrow's hearing on revamping the rules on overdraft protection programs.

Prosperity Federal Credit Union purchased and assumed the loans and shares of Second Baptist Church Credit Union, following the NCUA being appointed Second Baptist's liquidating agent by the California Department of Financial Institutions.

An employee at Texans CUSO Insurance Group LLC told Credit Union Times today that Mike Haselden, the CUSO's CEO, will be leaving the company.