News

MADISON, Wis. -- A new CUNA survey finds that security should continue to lead the way in credit union IT budgets over the next three years.

WHITTIER, Calif. -- Board members of $470 million Visterra Credit Union and $530 million Credit Union of Southern California, who announced their intent to merge last week, have each signed a document stating they don't intend to convert the combined institution to a community bank, and furthermore, they're not even...

ATLANTA -- The Georgia Department of Banking and Finance has established the GeorgiaFirst Recovery Coalition to ensure that credit unions and banks are ready to deal with emergency preparedness, disaster recovery and business continuity issues.

WASHINGTON -- The Mortgage Bankers of America is now adopting a longer term view of subletting rental space to other companies in order to pay the mortgage on its new headquarters building here.

WASHINGTON -- In a program patterned after a Federal Home Loan Bank of San Francisco pilot earlier this year, the Federal Housing Finance Board proposed allowing the Federal Home Loan Banks to expand their Affordable Housing Program homeownership set-aside programs.

NEW YORK -- A group of former Countrywide Financial Corp.'s executives are creating a new firm to capitalize on the breakdown in the mortgage-securitization business.