• MEMBERS Development Company chooses Yodlee for aggregation

    TORONTO - MEMBERS Development Company, LLC has signed a letter of intent with aggregation powerhouse Yodlee to offer a CU aggregation solution. The move is a departure from MDC's original aggregation deal with Access Softek. After beta testing the solution at a couple of CUs, MDC decided the Access Softek...

  • SOUTH

    Bell-Tel Credit Union, Orlando, Fla., has named Brian G. Hartwigsen vice president of lending. Redstone Federal Credit Union, Huntsville, Ala., has promoted Joseph H. Newberry to executive vice president of communications/lending. Arkansas Federal Credit Union, Jacksonville, has named Terry Borreson senior vice president of finance. MacDill Federal Credit Union, Tampa,...

  • Lower rates, fewer loan applications

    WASHINGTON - Despite lowered interest rates, home purchase loans and refinances decreased 7.8% for the week ended June 15, compared with the previous week, according to the Mortgage Bankers Association of America's weekly survey. The MBA Purchase Index decreased to 324.2 from 342.9 from the previous week, while the Refinance...

  • CUNA gets behind Freddie Mac's "Don't Borrow Trouble" campaign

    Freddie Mac has the program - "Don't Borrow Trouble," and it has the message for consumers - "call a 1-800 number for local government and non-profit agencies to help them understand and resolve specific lending problems." Now it needs a messenger. That's where credit unions and leagues come in. The...

  • Calling all Wegner award nominees

    MADISON, Wis. - It is that time of year again when nominations are being accepted for the 14th Annual Herb Wegner Memorial Awards, which recognizes individual, organizational and lifetime achievement by credit unionists dedicated to the National Credit Union Foundation's mission of promoting consumer financial independence. Established in 1988, the...

  • Fed funds rate now at 3.75%

    WASHINGTON - With the latest rate cut, the federal funds rate stands at 3.75%, the lowest it has been since 1994. This time it was only a quarter point cut, a departure from the recent string of half-point cuts. Big banks almost immediately slashed their prime rates from 7% to...

  • New biometric directory

    SAINT LOUIS - Biometric Digest newsletter has introduced its Biometric Information Directory (BID). The directory lists more than 330 biometric vendors, integrators, consultants, trade associations, publications and more. It also contains a list of more than 40 publicly held companies offering a range of biometric products and services. Over 35...

  • NCUSIF, a model for all to follow

    I want to commend NCUA Chairman Dennis Dollar for reminding us (Credit Union Times, June 20) of the critical decision credit unions, Congress and NCUA made, in 1984, when we implemented the current 1% deposit system to re-capitalize the National Credit Union Share Insurance Fund (NCUSIF). Soon after, some banking...

  • AWARDS

    Educational Community Credit Union, Jacksonville, Fla., has named Loraine Irons "Employee of the Quarter". This is the second time Irons has been recognized for her positive attitude bringing about positive results. Irons is currently teller supervisor at ECCU's downtown Jacksonville branch. ECCU has $500 million in assets and serves 70,285...

  • First Data direct connects networks

    DENVER - Payment processing and e-commerce provider First Data Merchant Services, a subsidiary of First Data Corp., has launched direct connections to three of the nation's regional debit networks. First Data's front-end payment processing systems now switch on-line debit point-of-sale transactions directly to the NYCE, Pulse, and Star networks. Plans...