COLUMBIA, S.C. - Straight-through processing (STP) may get legs in 2004, but adoption of the system that some analysts say will represent a sea change in the financial services industry is expected to take place step by step in credit union land. The automated end-to-end processing of financial transactions is...
VANCOUVER, Wash. - The dispute between the board of the $619 million Columbia Credit Union and some of its members got steadily uglier last week as the credit union tried to have some members arrested and the members went back to court to try to get five board members thrown...
SAN DIEGO, Calif. - The Independent Community Bankers of America Board said good-bye to their long-time CEO and welcomed its new officers for 2004-2005 at its 2004 National Convention and Techworld in San Diego. Last Tuesday, ICBA President and CEO Ken Guenther, a credit union foe who held the position...
FRAMINGHAM, Mass. - Smaller financial institutions such as credit unions are the natural next targets for credit card fraudsters thwarted by the new technologies deployed by the big issuers. And regardless of the size, turning back the invaders, repairing damage and anticipating further attacks should be "at least a top-five...
DUBLIN, Ohio - The Ohio Credit Union League is teaming up with several federal, state and local agencies to offer advice to senior citizens on how they can protect their personal and financial information. The League, along with representatives from the Ohio Consumers' Counsel, the Ohio Attorney General's Office and...
WASHINGTON-The credit union community's efforts to usher the Financial Services Regulatory Relief Act (H.R. 1375) through the House paid off with a 392-25 vote in favor of passage last Thursday, March 18, just as credit union relief legislation gains steam. CUNA Vice President for Legislative Affairs and Senior Legislative Counsel...
Central Florida Educators' Federal Credit Union, Orlando, has recognized the following outstanding employees: Fran Perez, Manager of the Year; Nan Fogle, Employee of the Year; Mary Hensel, Employee of the Month; and Linh Dang Distinguished Manager of the Fourth Quarter. Award recipients were selected based on performance, teamwork and service...
TUKWILA, Wash. - Prime Alliance Solutions is beta testing Dexma's Emerging Market Toolkit that translates mortgage documents into the borrower's native language, thereby allowing mortgage lenders to be more effective with lending to Latinos and other cultural groups. Initially, Emerging Market Toolkit from DEXMA, whose online mortgage application powers the...
GLASTONBURY, Conn. - Open Solutions Inc. has beefed up its offerings to the growing credit union business services market with a new release of its e-commerce product suite. A QuickBooks interface and new ACH origination features are among the enhancements to e-Commerce Banker 5.0, the company said, as is check...
WASHINGTON - If credit unions involved with mortgage lending had any doubts about the impact technology has had on the mortgage industry, they just need to consider the following finding from the Mortgage Bankers Association's 2004 Technology Study: technology operating budgets in 2003 increased by 24% over 2002, and they're...