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WASHINGTON-According to a recent comment letter from CUNA, the lobby group is in support of a NACHA proposal on the usage of electronic affidavits, authorizations, and records in conformance with the Electronic Signatures in Global and National Commerce Act (E-Sign). "CUNA supports clarifying that those electronic or written statements made...

BROOKFIELD, Wis. - Fiserv has signed a definitive agreement to acquire the item processing business of the Federal Home Loan Bank of Pittsburgh. Under this agreement, Fiserv will add two FHLBank item processing facilities in Pittsburgh and Conshohocken, located outside Philadelphia. Terms of the agreement were not disclosed. The two...

PARIS - The "City of Lights" is host to this year's World Council of Credit Union's fifth International Credit Union Leadership Institute. General and educational sessions during the four-day conference, Aug. 19-22 at the Hotel "Le Meridien Montparnasse" will focus on strategies to help cooperative financial institutions meet the global...

WASHINGTON-While many banking regulators and lawmakers have applauded most of the proposals from the Federal Deposit Insurance Corporation (FDIC) for its revamping, most have taken a position against doubling the deposit insurance coverage. With such opposition to this aspect, that provision of the reform process is expected to be dropped....

GDANSK, Poland - Two Polish credit unions have responded to help members whose lives have been torn apart by recent flooding. Over 600 people were recently made homeless and five people died when torrential rains caused two rivers in Radunia and Strzy and a number of local streams to overflow....

MIAMI - Tropical Financial CU seems to have pulled off what a number of forward thinking CUs across the country are trying to do - become the place members think of for non-traditional CU investment and insurance products. The CU was honored earlier this year by CUNA Mutual for becoming...

WASHINGTON-A recently-released survey by the Securities Industry Association (SIA) determined that most Americans actually took the time to read the privacy policies from their financial institutions, understood the language, and were satisfied with the policy. Nearly three-quarters (73%) approved of the "opt-out" policy required of financial institutions under the Gramm-Leach-Bliley...

Community First Credit Union, Appleton, Wis., has named Joyce Bayer, vice president of branch operations; Carol Steinberg, Lakeport branch manager; Todd Miller senior business lending officer; and Anne Cutts, mortgage loan originator. In addition, CFCU has promoted Jeff Schweitzer to vice president of facilities/purchasing and Kevin Hartz to assistant vice...