News

RICHMOND, Va. - The Virginia State Corporation Commission's Bureau of Financial Institutions has strongly advised consumers to "closely scrutinize" any lock-in agreements when they take out a mortgage to purchase a home or to refinance an existing mortgage to lower their monthly payments. This after the state regulator received numerous...

NEW YORK - After offering just one type of mortgage product for the better part of a decade, Actors FCU is rolling out a new loan product it says gives members "greater budgetary security" without opening the credit union to reverse rate risk. Paul Cole, owner of Mortgage Department LLC,...

A new Filene studya dispels many banker myths about the demographics of credit union members. Page 18.

Credit unions have never had to worry about as many electronic threats as they do today - fortunately there are plenty of solutions and techniques to keep systems secure. Pages 22-24.

ALBANY, N.Y. - Securing the enterprise also means locking down the laptops at Capital Communications Federal Credit Union. The $372 million CU now has portable computers used by staffers in the office and beyond secured by SecuriKey, a two-factor authentication solution from Griffin Technologies in Lawrence, Kan. SecuriKey combines a...

EL SEGUNDO, Calif. - Xerox Federal Credit Union is keeping a constant watch on its IT security with a broad-based solution that's also found its way into high-end users such as the Pentagon and the U.S. Treasury. Xerox FCU is using IT risk assessment software from Xacta Corp. to get...