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TORONTO - MEMBERS Development Company, LLC has signed a letter of intent with aggregation powerhouse Yodlee to offer a CU aggregation solution. The move is a departure from MDC's original aggregation deal with Access Softek. After beta testing the solution at a couple of CUs, MDC decided the Access Softek...

The Texas Credit Union League isn't the only league that has changed its name. The following is a sampling of other credit union leagues that have changed their name to better reflect the league's evolved identify. Formerly called

Bell-Tel Credit Union, Orlando, Fla., has named Brian G. Hartwigsen vice president of lending. Redstone Federal Credit Union, Huntsville, Ala., has promoted Joseph H. Newberry to executive vice president of communications/lending. Arkansas Federal Credit Union, Jacksonville, has named Terry Borreson senior vice president of finance. MacDill Federal Credit Union, Tampa,...

WASHINGTON - Despite lowered interest rates, home purchase loans and refinances decreased 7.8% for the week ended June 15, compared with the previous week, according to the Mortgage Bankers Association of America's weekly survey. The MBA Purchase Index decreased to 324.2 from 342.9 from the previous week, while the Refinance...

WASHINGTON- With privacy notices becoming mandatory July 1, many consumer groups and at least one lawmaker are bringing their concerns to light about the financial services industry's privacy notices. The privacy notices are required under Title V of the Gramm-Leach-Bliley, which was signed into law in 1999. Congressman John LaFalce...

Freddie Mac has the program - "Don't Borrow Trouble," and it has the message for consumers - "call a 1-800 number for local government and non-profit agencies to help them understand and resolve specific lending problems." Now it needs a messenger. That's where credit unions and leagues come in. The...

MADISON, Wis. - It is that time of year again when nominations are being accepted for the 14th Annual Herb Wegner Memorial Awards, which recognizes individual, organizational and lifetime achievement by credit unionists dedicated to the National Credit Union Foundation's mission of promoting consumer financial independence. Established in 1988, the...

WASHINGTON - With the latest rate cut, the federal funds rate stands at 3.75%, the lowest it has been since 1994. This time it was only a quarter point cut, a departure from the recent string of half-point cuts. Big banks almost immediately slashed their prime rates from 7% to...