News

Six financial services trade groups released a statement yesterday expressing their commitment to strengthening subprime lending standards. The American Bankers Association, America's Community Bankers, the Consumer Bankers Association, the Housing Policy Council, the Financial Services Roundtable, and the Mortgage Bankers Association signed off on efforts in support of stemming lax...

Former Fiserv credit union executive Larry Tankeloff has been named chief operating officer of CorePROFIT Solutions, a provider of hosted profitability software solutions for credit unions and banks.

better known as the GSE bill--this afternoon.

As a strong demonstration of the turn in the economy, credit union lending was up more than 4% in the first quarter of 2007 while loan growth was virtually flat.

Maine credit unions won high praise from the state's Governor John Baldacci, as well as from two U.S. Congressmen who spoke over the weekend at the 69th annual convention of the Maine Credit Union League.

Wescom Credit Union has acquired CU West Mortgage, the preferred mortgage provider to the California CU League and will merge it into CUSO Mortgage, Inc., which it acquired last year. The deal was done through its Wescom Holdings, LLC CUSO.