News

Reduced payments as part of modified mortgages agreed to by credit unions and other loan servicers would stay in place for five years, according to the details of the Obama administration's housing assistance plan released today.

Harland Financial Solutions said several more credit unions are now using its UltraData Enterprise core processing solutions.

ATLANTA -- To help understand why the world is in the current financial crisis, it would help to define what the crisis really is.

The Credit Union Association of New York is backing Assembly Minority Leader James Tedisco in the special election for the U.S. House seat formerly held by U.S. Sen. Kirsten Gillibrand, D-N.Y.

Financial Accounting Standards Board Chairman Robert H. Herz announced a new agenda project Feb. 18 that could potentially ease fair market accounting rules, which have caused huge unrealized losses and OTTIs for corporate credit unions.

Akcelerant Software LLC has acquired its largest competitor in the collections and recovery software space for community financial institutions, the suburban Philadelphia company announced.