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Former Countrywide Exec Shares Why He's Crossed to the Nonprofit Side

By Heather Anderson

MANHATTAN BEACH, Calif. -- Kinecta Federal Credit Union shocked the industry again on Oct. 30, when it announced it had hired former Countrywide Financial executive Jess Lederman to fill the newly created position of senior vice president and chief credit officer. The $4.4 billion Kinecta made headlines last year when...

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Souvenir Obama Ad Still an Arizona CU Draw

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Losses Worsen For Fannie Mae

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November 10, 2008

Losses Worsen For Fannie Mae

WASHINGTON -- Fannie Mae today reported a third-quarter loss of $29 billion and warned in a filing with the Securities and Exchange Commission that it could have a negative net worth by the end of the year.

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November 10, 2008

CUs Awarded $221,750 in VITA Grants

WASHINGTON -- Credit unions are among the recipients of the Internal Revenue Service's nearly $8 million in matching grants to support its volunteer income tax assistance program, the agency said today.

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November 10, 2008

CUs Awarded $221,750 in VITA Grants

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November 10, 2008

Mica to Discuss Challenges to CUs in Webinar

WASHINGTON -- CUNA President and CEO Dan Mica will discuss opportunities and challenges to credit unions caused by the financial crisis and the new Congress and administration during a Web broadcast on Nov. 19.

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November 10, 2008

TNB Picks to Start Processing Big New Mexico Card Portfolio

DALLAS -- TNB Card Services, the card processing arm of credit union owned Town North Bank, has signed a deal to start processing the $544 million U.S. New Mexico Federal Credit Union's card portfolio.

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November 10, 2008

Two CUs Re-Up with Open Solutions

GLASTONBURY, Conn. -- Two current Open Solutions Inc. clients have decided to go with the company's new flagship core processing platform, The Complete Credit Union Solution-sme.

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November 07, 2008

Consumer Downturn Might Signal Lower Interchange

ARLINGTON, Va. -- Although data from the first half of the year appears to show card interchange was steady to growing, retail sales data suggests it may not hold up through the end of this year and into next.

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Former Countrywide Exec Shares Why He's Crossed to the Nonprofit Side

Souvenir Obama Ad Still an Arizona CU Draw

Losses Worsen For Fannie Mae

Recommended Just For You

News Stories

Losses Worsen For Fannie Mae

CUs Awarded $221,750 in VITA Grants

CUs Awarded $221,750 in VITA Grants

Mica to Discuss Challenges to CUs in Webinar

TNB Picks to Start Processing Big New Mexico Card Portfolio

Two CUs Re-Up with Open Solutions

Consumer Downturn Might Signal Lower Interchange