News

London, UK - The Financial Services Authority (FSA), the regulatory body for United Kingdom credit unions, said CUs will not have to conduct a special review of their members' identities. This does not exempt credit unions from establishing and maintaining "effective systems and controls for countering the risk that their...

WEST PALM BEACH, Fla. - When it comes to cars, everyone has their preferences. Some love the classics or foreign cars, while others say trucks are tops. The only thing every car lover agrees on is that it is more than just a vehicle that gets you from point A...

SALT LAKE CITY -CUSA Technologies presented its Partners in Progress award to Tarrant County Credit Union, Shoreline Credit Union, and Kalsee Credit Union. CUSA Technologies selects one client from each of its data processing product groups that has made the most difference in the evolution of the product. * Tarrant...

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...