News

WASHINGTON - Freddie Mac is expected to announce additional lending tools on its loanprospector.com Web site on Dec. 8. The enhancements will allow basic loan data to be shared among third-party service providers involved in the loan process. The enhancements to the loanprospector.com Web site will include: *an online fulfillment...

WASHINGTON - Even dotCoop, a wholly-owned subsidiary of the National Cooperative Business Association that is registering CUs' .coop domain names, is doing some discounting this holiday season. dotCoop is offering credit unions one free .coop domain for each new name they buy at the regular price. This represents a $198...

NEW YORK - Consumers are splurging online. Americans spent more than $4.5 billion online during the first three weeks of November, according to the eSpending Report from Goldman Sachs & Company, Harris Interactive, and Nielsen/NetRatings. Boosted by a 29% increase year-over-year, online shoppers spent more than $1 billion more this...

WASHINGTON-ABA Senior Economist Keith Leggett recently expressed concerns of inequity regarding credit unions' level of retained earnings and stated that these funds are not a benefit to members. Retained earnings is the only avenue for credit unions to build capital, according to NCUA Chairman Dennis Dollar, which is the only...

ELGIN, Ill. - Lending Solutions, Inc. has come a long way and with it comes greater responsibility. Inching closer to processing its two-millionth loan application, LSI isn't just handling credit unions' off-hour and overflow applications any more - it has become the primary lending channel for many credit unions. "We...

CAMBRIDGE, Mass. - Let's see . Beta or VHS? What's become a clich for the decision about what standards to adopt as new technologies emerge was a maker or breaker back then. The stakes haven't changed. "The reason IT executives care about standards is that some standards - like television...