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In recent weeks there have been a number of news stories and related developments involving credit unions that deserve comment. Here is a brief look at just a few of them: * The CO-OP Network, under the capable leadership of its CEO Bob Rose, continues to make impressive headlines on...

GLASTONBURY, Conn. - Core processor Open Solutions Inc. has acquired Connecticut-based Sound Software, a provider of lending management solutions for community financials. Open Solutions will acquire Sound Software for an undisclosed amount of cash and stock. Sound Software will become a wholly-owned subsidiary of Open Solutions and operate as a...

BRISBANE, Calif. and BLOOMINGTON, Minn. - O'Rourke, Sacher & Moulton (OSM), the leading credit union auditing and consulting firm in the U.S. has merged with RSM McGladrey, a leading accounting, tax and consulting firm for mid-size companies in the U.S. The merger, effective August 1, combines O'Rourke's 550 credit union...

ORLANDO, Fla. - Credit unions need to pay attention to the fraud challenges faced by competitors. That was the overriding theme of this year's National Conference on Credit Union Fraud and Loss Prevention sponsored by Madison, Wisconsin-based Loescher & Associates, which specializes in credit union fraud and loss prevention. Today's...

Federal credit unions continue to be attracted by the FOM flexibility of a community charter. The following is the latest NCUA report on community charter expansions. As the chart shows, some FOM expansions are simply the addition of new counties, while others can have complicated guidelines.

CAMBRIDGE, Mass. - Credit unions are always pegged as more tech-savvy then other financials - rightfully so according to a new Forrester survey. Based on data culled from Forrester's annual survey of 100,000 North American consumers and 10,000 consumers surveyed online, credit unions rank No. 1 in online satisfaction and...

Duval Federal Credit Union, Jacksonville, Fla., has purchased its first free standing branch facility/administration office. DFCU will use the 10,000 square foot building as a member service branch with drive-thru operation, as well as an administrative facility. The facility has been available for member use since July 2001. DFCU has...

SAN DIMAS, Calif. - The $16 billion WesCorp has enhanced its online account management system for its members CUs with the introduction of electronic statements. Statements are delivered through WAVE (www.wescorp.org), WesCorp's real-time, online account solution. Earlier this year, WesCorp member CUs told WesCorp, via a survey, that they wanted...