Advanced search

MEXICO CITY, Mexico-The failure of a credit union that had 98% of its loans out to one company here has led to losses for more than 6,000 members.

WAKEFIELD, Mass.―Odyssey Merchant Services (OMS), a division of T.K.Keith Company, Inc., has announced three services designed specifically for community institutions, including credit unions: tokenized branch cash advance processing, consumer loan payment services, and deposit account funding services

PORTLAND, Maine--Synergent Technology Services said that announce that the $80.8-million Sebasticook Valley FCU has selected the Episys Core Processing Solution with Synergent Technology Services.

MADISON, Wis.—The World Council of Credit Unions has sent a comment letter to the Basel Committee regarding its “Corporate Governance Principles for Banks,” indicating it supports the guidance in most respects but that it remains “concerned” are that some elements of the proposal could be read by supervisors as requiring unreasonably burdensome compliance requirements on smaller credit unions with limited staff resources.

WILMINGTON, N.C.--nCino, a provider of secure, cloud-based operating solutions to the financial services industry, said that Stanford Federal Credit Union in Palo Alto, Calif. has selected its Bank Operating System to improve efficiencies in commercial lending and consolidate other disparate platforms to manage the complete loan process in one place.

HENDERSON, Nev.–Bluepoint Solutions said that Tigard, Ore.-based NW Preferred Federal Credit Union (FCU) has selected its document imaging solution, FASTdocs.

NEW HAVEN, Conn. – Bellco Credit Union has implemented Continuity’s compliance automation solution to save time and resources by centralizing and automating all compliance management and oversight activities on one platform. 

ATLANTA–CetoLogic, a provider of software and analytics, reported it continues to see strong market adoption of its Deposit Reclassification retail sweep solution, having just added four new financial institution clients including Baytown, Texas-based Community Resource Credit Union.