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La Macchia Group Helps Dort Federal Build Its New HQ

08/11/2016 09:41 pm

GRAND BLANC, Mich.–Located just behind its main branch here, Dort Federal Credit Union has opened a new, three-story administrative building.

Mountain West Association Endorses Two Candidates For Congress

08/11/2016 08:31 pm

PHOENIX–The Mountain West Credit Union Association said it is endorsing two candidates representing Arizona for Congress.

11 Credit Unions Sign Renewals With PSCU

08/11/2016 08:32 pm

ST. PETERSBURG, Fla. – PSCU has announced that 11 of its owner credit unions have signed long-term contract renewals for the CUSO’s credit and debit processing services.

Credit Union Student Choice Adds New Board Member

08/11/2016 08:32 pm

WASHINGTON–Credit Union Student Choice, a provider of higher education financing solutions to America’s credit unions, announced that Tim Mislanski has joined its board.

CUs In Northwest Partner With Federation, Juntos Avanzamos

08/15/2016 08:09 pm

SEATAC, Wash./TIGARD, Ore.–The Northwest Credit Union Association (NWCUA) said it has entered into a formal partnership with the National Federation of Community Development Credit Unions to promote the Juntos Avanzamos program among credit unions in the Northwest and to expand access to credit union services to the Hispanic community throughout the region.

Ideal CU 'Cracks The Vault' To Mark 90th Birthday

08/03/2016 07:11 pm

WOODBURY, Minn.–Ideal Credit Union is marked its 90^th anniversary by inviting members and the community “Crack the Vault” and to win one of five $1,000 prizes.

Mortgage Partnership Finance Program Announces Enhancements

08/03/2016 07:09 pm

CHICAGO/MILL VALLEY, Calif.– The Mortgage Partnership Finance (MPF) Program and Redwood Trust, Inc. have announced increased loan limits on mortgage loans for the MPF Direct product, which will become effective during the third quarter of 2016.

Survey Finds Irish Families Paying More For Schools

08/03/2016 08:01 pm

DUBLIN, Ireland–A new survey by the Irish League of Credit Unions (ILCU) has found the money needed to get youngsters ready for the new term in August and September has soared since 2012.

New Website Targets Payday Lenders; Major FIs Could Be Next

08/15/2016 08:09 pm

WASHINGTON–A new website has been launched that targets the payday lending industry.

TUCSON, Ariz. –The $140-million Tucson Old Pueblo CU is reporting the migration of its disaster recovery solution will save it as much as $2,000 per hour. The credit union, which has moved to CUProdigy’s cloud-based disaster recovery as a service (DRaas), arrived at that figure by suing its 2015 operational income and dividing that figure by its annual operating hours. Prior to the migration, Tucson Old Pueblo said it could expect its systems to be down for as long as two days before operations were fully restored, according to Vice President of Information Technology Matthew Beausoleil. That could mean a revenue loss of up to $32,000, with TOPCU noting that figure doesn’t even include the credit union’s reputational loss that could drive members to move their accounts and loans elsewhere. Interestingly, noted Tucson Old Pueblo, it doesn’t even operate on CUProdigy’s core system. The Layton, Utah-based CUSO said it was able to deliver the dramatic improvement through real time replication via state-of-the-art data centers, which replicate transactions and other data seconds after they occur. Previously, Tucson Old Pueblo stored servers at a disaster recovery site that required a significant amount of configuration to get up and running. And, because the credit union replicated data overnight, once those servers were online, the data could be between 24 and 48 hours behind, the company noted. “That’s just unacceptable,” Beausoleil said. “Now, as an IT staff, we can be out there helping our employees serve our members, versus building equipment and trying to get people access to their data.” The credit union was about to sign a cloud-based disaster recovery deal with another company when it decided to consider CUProdigy, TOPCU reported. “That would have involved having a piece of hardware in our data center, with another one replicated in their data center for disaster recovery. We would have had to buy the hardware for our data center as well as their data center,” Beausoleil said. “Because of the way my virtual host servers are built, I didn’t see the need to have another piece of hardware in my data center for disaster recovery. I have a cluster that runs multiple servers, and we have a lot of redundancy built into our virtual infrastructure.” Tucson Old Pueblo is CUProdigy’s first cloud-based disaster recovery client that doesn’t operate on its core system; instead, it uses Symitar’s Episys, provided by Member Driven Technologies. “It’s important for me, working at a credit union, where our motto is people helping people, to be able to go to a CUSO that has a similar culture. That just makes sense to me,” he said. “The days of carting tapes to a hot site are long gone,” said CUProdigy CEO Anthony Montgomery. “If a disaster strikes today, Tucson Old Pueblo can get back to the business of serving members before those members even realize there was an interruption.” For info: www.cuprodigy.com.

Tucson Old Pueblo Says Move Could Save It Up to $2,000 Per Hour

08/16/2016 01:44 pm

TUCSON, Ariz. –The $140-million Tucson Old Pueblo CU is reporting the migration of its disaster recovery solution will save it as much as $2,000 per hour.

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