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RANCHO CUCAMONGA, Calif. - After several months of logistical planning, CU Direct Corp. has moved its data center into a new 11,000 square-foot facility in Rancho Cordova, Calif. The new facility means CU Direct can consolidate the servers and other technology of the CUDL system from the various locations within...

Some very strong points that credit unions, especially smaller credit unions, really need to hear were made in the opinion article by Edward Burger of Midwest Loan Services Inc., "Sell the mortgage if you must, but retain the servicing" in the July 4th issue of Credit Union Times. Mr. Burger...

Ellie Mae Inc., a provider of Internet and software solutions for the mortgage industry, has named Dave Hershman vice president of sales and training and Jeff Benjamin director of business development.

ARLINGTON, Va. - CUNA and the credit union movement must make a simultaneous major investment in updating state credit union laws and regulations, as it does for federal credit unions, advises NASCUS. Otherwise state credit union regulators and state-chartered credit unions risk being left with outdated powers and lessened opportunities....

HARRISBURG, Pa. - In a show of support of having the word "acting" removed from Dennis Dollar's title with the NCUA Board, the Pennsylvania Credit Union League has sent letters to its two U.S. senators - Arlen Specter (R) and Rick Santorum (R) - urging Dollar's appointment to chairman of...

WASHINGTON-NAFCU reiterated a few areas of concern regarding the Renaissance Commission recommendations during the most recent meeting of the National Credit Union Legislative and Regulatory Coordinating Council last week. The Coordinating Council was conceived during the H.R. 1151 battle and was scheduled to meet quarterly, but the frequency of meetings...

POUGHKEEPSIE, N.Y. - Hudson Valley Federal Credit Union President/CEO Chuck Cockburn has submitted his resignation effective September 7th. Under Cockburn's leadership for the past six years, the credit union has grown to $1.3 billion in assets. In addition, Cockburn was instrumental in increasing HVFCU's community involvement. Cockburn has accepted a...

DENVER - Using the cooperative approach, Colorado credit unions are moving swiftly to expand their reach into personal trust services by opening a new CUSO-chartered trust company, Members Trust Co. of Denver, slated to open offices by the latter part of October or in November. A major roadblock to chartering...