News

GRAND RAPIDS, Mich. - Lake Michigan Credit Union (www.lmcu.org) is set to consolidate its loan portfolio and centralize loss-prevention information with a new browser-based overdue account collection system from Canada's Guthrie Phillips Group (GPG). The TopNotch solution from Vancouver, B.C.-based GPG (www.guthriephillipsgroup.com) will integrate with $1.1 billion Lake Michigan CU's...

BOULDER, Colo. - The 76,000 members of U of C Federal Credit Union will soon be able to open and fund accounts and move money online using the tools the CU will be deploying from CashEdge. The $671 million CU will be using the Credit Union Suite from New York-based...

NEEDHAM, Mass. - With several years of consolidation still continuing, the core processing market for banks contains some names quite familiar in credit union land. For instance, Fiserv has gone upmarket and now has 16 of the 100 largest financial service institutions on its platforms. Metavante (through its Kirchman acquisition)...

EDINBURGH, Scotland - After three years of negotiation, the Scottish Executive and the European Union Commission reached an agreement that allows credit unions to receive and use public funding. The monies will be used to tackle the problem of financial exclusion, the 13% of Scottish households that have no access...

LAS VEGAS - A few years ago the $1 billion Affinity Plus Federal Credit Union of St. Paul "thought it had found the holy grail" because it was making so much money doing $20 million a month in indirect lending, according to Kyle Markland, president and CEO. But the Minnesota...

LAS VEGAS - While there can be no letup in defending against banker tax attacks, credit unions must focus a little more heavily now on regulatory relief because of its crippling burdens. That was a message of Fred Becker, president and CEO of NAFCU, who told the annual conference attendees...