News

FORT LAUDERDALE, Fla. - Credit unions already using Metavante services, including the bill pay program, will see little immediate change from the merger between Metavante and Fidelity National Information Services, according to an FIS executive.

Two Vermont credit unions, the $43 million Members Advantage Community of Barre and the $11 million Caswell, Burlington, are merging to form the sixth largest in the state.

Lenders filed 135,431 mortgage default notices against California homeowners during the first quarter of 2009, real estate information service MDA DataQuick reported yesterday.

Since the start of the year, depositors appear to be flocking to 12-month certificates of deposit because of their higher rates and re-pricing opportunities.

FORT LAUDERDALE, Fla. - Card Services For Credit Unions, the association of credit unions processing cards with Fidelity National Information Services, kicked off its 20th annual meeting well-attended this year.

Moody's Investors Service downgraded the short-term debt ratings of four corporate credit unions to Prime-3 from Prime-1.