Kentucky Employees Credit Union will be converting to a core processing system from Share One, the credit union and Memphis-based tech CUSO said.

By the fourth quarter, commercial mortgage defaults from banks could soar past levels not seen in nearly 20 years, according to the FDIC.

As some in the credit union industry continue to speak out against a consolidated financial services regulator, the SEC and the Commodity Futures Trading Commission are moving forward to identify agency overlaps.

BOSTON -- New rules for regulating mortgage originators will be less onerous for credit unions and other regulated depository institutions, bank regulation expert Mike Stevens said today.