News

WASHINGTON -- Credit unions report very little impact from the recent government takeover of Fannie Mae and Freddie Mac. But Navy Federal Credit Union's Jack Gaffney, executive vice president of lending, said that, in the long term, the takeover is not good for the financial services industry.

BATON ROUGE, La. -- Security specialists using network penetration, phishing, fake phone calls and simply walking in dressed like a fire marshal or exterminator were able to walk out of credit union and bank branches with sensitive data nearly every time, according to a new report.

ROSEVILLE, Calif. -- After a conversation today with a concerned credit union CEO on what he should be doing with his broker in the midst of the Lehman Brothers bankruptcy filing and Merrill Lynch acquisition, one noted industry expert emphasized "this is not Enron."

OKLAHOMA CITY -- A developer and re-seller of biometric authentication solutions has started a new company targeting the credit union market.

ELKRIDGE, Md. -- CRI Systems Inc. said two more credit unions have signed up to use the company's Route One indirect lending interface through its CRIterion loan origination software platform.

ELKRIDGE, Md. -- CRI Systems Inc. said two more credit unions have signed up to use the company's Route One indirect lending interface through its CRIterion loan origination software platform.