News

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.

BOSTON -- Saying credit unions should crawl before they walk, NCUA Board Member Gigi Hyland said today that Congress ought to consider raising the cap on member business loans in stages for safety and soundness reasons.

PSCU Financial Services said it will continue with its plans to offer its CardLock service despite the claims of a U.K. firm that it holds the patent on the technology.

CO-OP Financial Services said it has added six more partners as distributors of its mobile banking solution.

The SBA's preferred lender program has added the $315 million USC Credit Union to its ranks.