Former Fiserv credit union executive Larry Tankeloff has been named chief operating officer of CorePROFIT Solutions, a provider of hosted profitability software solutions for credit unions and banks.

Maine credit unions won high praise from the state's Governor John Baldacci, as well as from two U.S. Congressmen who spoke over the weekend at the 69th annual convention of the Maine Credit Union League.

Wescom Credit Union has acquired CU West Mortgage, the preferred mortgage provider to the California CU League and will merge it into CUSO Mortgage, Inc., which it acquired last year. The deal was done through its Wescom Holdings, LLC CUSO.

A new rating system from the Small Business Administration that ranks lenders portfolio performance will go into effect June 15.