News

WASHINGTON -- Retail sales dropped 1.2% in September, the largest decline in three years, the Commerce Department reported today.

WASHINGTON -- Retail sales dropped 1.2% in September, the largest decline in three years, the Commerce Department reported today.

MURRIETA, Calif. -- CUTEK said it has signed 10 more customers to use its automated address validation system for credit unions running on the Symitar Episys core processing system.

FAIRBORN, Ohio -- Wright-Patt Credit Union revealed the five competitors in its Savings Race yesterday.

MADISON, Wis. -- A federal appeals court last week reversed a 2007 class certification involving a couple who claimed that the disclosures for their option ARM loan were confusing. A federal trial court agreed with the couple and ruled that the loan could be rescinded and granted class action status...

WESTBROOK, Maine -- Synergent said it is expanding into New York with the signing of a Watertown credit union to a core processing contract.

BURLINGTON, Mass. -- Two more credit unions have signed up to use the DeposZip remote-deposit capture service from Eastern Corporate Federal Credit Union.

WASHINGTON -- The good news is that 99% of the loans backed by Fannie Mae and Freddie Mac are performing well. The bad news is that 1% of the loans are 90 days or more past due, according to a report issued by the Federal Housing Finance Agency.