News

A 25-year credit union industry veteran has become the newest sales executive at Wycom Systems.

More than 1,100 attendees participated in Open Solutions Inc.'s recent annual client conference in Las Vegas, the company said.

Ratings agencies are no substitute for an investor's own due diligence, because their models are fallible and they don't have to suffer the consequences of their mistakes, said CNBS, LLC President/CEO Brian Hague.

Financial institutions that originate mortgages must submit background information and fingerprints for the licensing of loan originators, under proposed rules issued by NCUA and five other regulatory agencies.

An arbitration panel said CASE Credit Union is entitled to $1 million from Prudential Equity Group LLC for alleged losses it suffered as a result of investing in collaterized mortgage obligations.

The earnings woes of Arizona credit unions--95% of them lost money in the first quarter--drew high-profile media coverage over the weekend, including the headline, "Arizona Credit Unions Hard Hit in First Quarter."