News

DUBLIN, Ireland - The Irish Competition Authority (CA) has blocked the disaffiliation of several credit unions by the Irish League of Credit Unions (ILCU). The decision pending a full hearing is the result of "ongoing discussions with regard to the League's insurance requirements for member credit unions. The main issue...

Auckland, N.Z. - Twenty-one New Zealand credit union mortgage programs are facing stiff new competition from the Kiwibank and its government-backed program that's offering first-time house buyers mortgages with no down payment. The Kiwibank claims it is "the totally New Zealand-owned bank, where the profits will stay in New Zealand....

MOORPARK, Calif. - XP Systems recently held its annual users conference and the topic on everyone's lips was XP2, the newly revamped in-house core processing system unveiled last year. Currenlty 180 credit union clients are live with XP2, which is being rolled out in a series of releases. The first...

ALEXANDRIA, Va.- NCUA keeps plugging along right on track with its original plans for the money-saving regional realignment plan, which will reduce the agency from six regions to five. NCUA asked that credit unions and others to begin contacting Region VI at its new office headquarters in Tempe, Ariz. as...

SUITLAND, Md. - Andrews Federal Credit Union (AFCU) serves a lot of people with high-tech, high-security jobs, and it has some pretty high-tech gear of its own. The $685 million military-based CU is running a storage-area network (SAN) from EMC Corp. that has reduced daily backup of all servers from...

SPOKANE, Wash. - Here's a new acronym for folks to learn in credit union land: SEM. It stands for security event management, and you'll likely soon be seeing it routinely as IT security becomes a more complex, enterprise-wide event. This service often begins with something as simple-sounding as an event-log...