News

Everest National Insurance has vowed to continue paying default protection insurance (DPI) on subprime auto loans purchased through the Centrix Portfolio Management Program (PMP), but a possible settlement is worrisome to officials at the NCUA and of concern to many credit unions as well.

Michael McGrath, president of CU National Mortgage and its parent company, US Mortgage Corp, has been appointed to the Fannie Mae Customer Advisory Board, giving CUs their first presence on the influential board. CU National Mortgage is a mortgage product and service provider to credit unions nationwide that serves over...

Fidelity National Information Services, the credit card processor to the majority of credit unions, has announced its intent to purchase eFunds Corporation, a leading EFT processor.

The pending acquisition of eFunds by Fidelity National Information Services should not have a big impact on CO-OP Financial Services, even though CO-OP processes its EFT transactions with eFunds, according to Stan Hollen, CEO of CO-OP.

The pending acquisition of eFunds by Fidelity National Information Services should not have a big impact on CO-OP Financial Services, even though CO-OP processes its EFT transactions with eFunds, according to Stan Hollen, CEO of CO-OP.

Clifford Rosenthal, the executive director of the National Federation of Community Development Credit Unions, has spoken up for credit unions playing a significant role in New York's new anti-poverty effort.