News

LEEDS, U.K. - John Battle, the Labour Member of Parliament (MP) from Leeds, is worried about the three million English who are living in poverty and subject to doorstop lenders, the British term for predatory lenders. In a country with a population of approximately 50 million people, Battle sees credit...

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The failure of Eastern Airlines didn't sink its primary CU, which is now in the billionaires club. The CU's CEO Kent Herbert is now leading Eastern Financial Florida CU into a new era. Page 30.

Is account aggregation dead? Are credit unions as secure as they can be? This and other tech issues are tackled in the special report on pages 18-28.

TAMPA, Fla. - Suncoast Schools FCU has found that its members who take advantage of its OFX functionalities are on average cream of the crop members who view the CU as their primary financial institution. So once Suncoast Schools converted from Corillian's home banking system that included an OFX server,...

VALLEY FORGE, Pa. - Credit union data processor USERS is so confident these days that it's even making one of its own clients an Authorized Business Partner. USERS recently announced that FORUM Solutions, a tech CUSO of the $640 million FORUM CU, Indianapolis, will become a USERS' ABR. "It's the...

NAPLES, Fla. - Bad timing and the events of Sept. 11 are hurting adoption of account aggregation, said John Henry, president/CEO of MEMBERS Development Company, so MDC is revamping its pricing structure to try to break down some barriers. MDC, in partnership with aggregation giant Yodlee, rolled out its product...

PLANO, Texas - EDS has cut some more paper out of the lending process, not to mention the overnight delivery or faxing costs. The company has added a new secure document viewer to its Web-based loan origination software, Loan Advantage, taking its CU clients one step closer to a paperless...