News

Members of the Cooperativa San Jos? Credit Union in the Dominican Republic will have access to investment services through an alliance with United Nations Federal Credit Union.

San Francisco's deeply troubled Mission SF FCU, which embarked on an unusual fundraising campaign to keep it from collapsing, said Wednesday it may opt for a merger after all if it is unable to raise $200,000 by March 15 or perhaps sooner.

The NCUA's proposal to encourage corporate credit unions to charge fees to non-federally insured entities is contrary to the intentions of the law and the notion that such payments would be voluntary is "disingenuous."

The Federal Reserve's proposed rule regulating interchange will be the subject of a Feb. 17 hearing of the House Financial Services Committee's Subcommittee on Financial Institutions.

Xtend Inc. is marking the end of its third year of providing back-office service to credit union mortgage loans by reaching the 3,000 mark in the number of supported loans, according to the Grand Rapids, Mich., CUSO.

Fiserv Inc. will be working with WorkLight Inc. to provide applications and widgets across a wide variety of touchpoints, including smartphones, tablets, social network sites and computers.

Passageways LLC said it signed 40 new users of its portal solutions in 2010, including banks and credit unions across the United States and in Canada, Barbados and even one in Moscow, Russia.

The stark words jumped off the page of the report. "Consumer inflation rose 0.5% in December, the highest monthly gain since June 2009," according to an advisory prepared by Brian Turner of Southwest Corporate Investment Services in Plano, Texas.