WOBURN, Mass. - Members Mortgage Co. is spinning off its in-house online origination system as a separate company, MortgageClick (www.mortgageclick.biz.) The system is powered by the Prime Alliance Solutions program, which combines Fannie Mae's automated system, Desktop Underwriter, with a Web-based processing platform from Dexma, a Minnesota-based mortgage technology provider....
WASHINGTON - CUNA Brokerage Services, Inc. recently requested clarification to the SEC on what is considered an "established business relationship" and the role of a "dual employee" regarding the National Do-Not-Call Registry. In an April 22 comment letter, Kevin Thompson, vice president and deputy general counsel for CUNA Brokerage, wrote...
HARRISBURG, Pa. - Credit unions in Pennsylvania celebrated election victories won by several credit union-supported candidates in the state's primary election on April 27. Among the victors was Republican U.S. Sen. Arlen Specter who is seeking a fifth term and narrowly beat Republican Congressman Pat Toomey by a 51 to...
CHARLESTON, W.Va. - The West Virginia Credit Union League discovered during its annual convention it has plenty of garage sale junkies. That's because its own version of the "Antiques Roadshow" a popular TV show on the PBS network all about finding appraised collectibles in attics and garages, proved a big...
NEW YORK - The New York Public Interest Research Group, a consumer organization which has a track record of raising card fee issues, has taken aim at some of the cards and card practices which have been among the hottest new entries in the bank and credit union card industry....
WASHINGTON - Gary Officer, Executive Director of the National Credit Union Foundation, resigned his position effective Monday, April 26, "to pursue new opportunities," according to the Foundation. CUNA President Dan Mica will serve as interim director and the Foundation is forming a search committee to find another executive director. Phone...
WASHINGTON - The Washington D.C.-based law firm of Luse Gorman Pomerenk & Schenk, one of the leading law firms specializing in helping credit unions seeking to convert to mutual bank charters, has added some dates to its calendar of seminars on charter change in response to the $619 Columbia Credit...
BOSTON - The two new keynote speakers for the June 2 Partnering and Leadership Successes mortgage workshop will share ideas on how to reach first-time homebuyers, NCUA Board Member Debbie Matz announced. Neighborhood Reinvestment Corp. New England District Director Nelson Merced will inform PALS attendees about resources in their communities...
PORTLAND, Ore. - The $11.4 billion State Employees CU in Raleigh, Va., will upgrade to Corillian's Voyager 3.1 online banking platform. Corillian Voyager 3.1 includes online banking, bill pay and presentment, and small business banking functionality. Rick Rhoads, senior vice president of e-services at SECU, said the credit union wants...
Neenah, Wis. - CUSOs' involvement with member business lending has allowed many credit unions to offer their small business members the types of loans they typically couldn't get from other lenders. But CUSOs' role in business services hasn't stopped with MBLs. Some CUSOs, such as Business Lending Group, were formed...