News

A longtime Canadian customer has committed to the newest version of Open Solutions Inc.'s core processing platform for credit unions, the company said.

NAFCU today asked NCUA for details about the terms of the agency's contract with the company that is reviewing all of the investments of corporate credit unions.

ALEXANDRIA, Va. -- The increased revenues from premiums and recapitalization are offsetting some of the losses to the NCUSIF and the fund's net income was $150 million last month, the NCUA board was told today.

Claiming a free speech right, a Los Angeles credit union said Thursday for the moment it is keeping a controversial safety/soundness ad on its Web site despite an NCUA request to pull it down.

OSU Federal Credit Union CEO Rick Hein testified on Aug. 4 before the U.S. House Subcommittee on Finance and Tax on how credit unions can help small businesses access capital.

In another move to keep bankruptcy at bay, small business lender CIT Group Inc. announced today that it is suspending dividend payments on some of its stock to improve liquidity and preserve capital.