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COLUMBUS, Ohio - In a major deal for the corporate network, Corporate One has agreed to sell its SimpliCD program to Corporate Exchange, a new CUSO consisting of 29 of the nation's 31 corporates. With 29 corporate owners, Corporate Exchange shows corporates can still work together. The wild card with...

RALEIGH, N.C. - GE Mortgage Insurance is in the final stages of development of `GE's Doc Central', an online offering designed to help mortgage originators and underwriters eliminate paper and decrease the turnaround time in the mortgage process. The product will allow lenders and brokers to submit, review, underwrite, and...

MADISON, Wis.-CUNA's Center for Professional Development is now offering an e-Seminar to aid credit unions with developing their language skills. According to CUNA's 2002 Credit Union Services Profile, 7% of credit unions serve memberships comprised of at least 25% Spanish-speaking persons. The 10-session e-Seminar will run from Nov.11 through Dec....

WASHINGTON-The Federal Deposit Insurance Corporation recently issued examination guidance for financial institutions that offer payday loans due to the high-risk and nature of the product and increasing demand and product offerings. "This guidance raises the bar for banks involved in payday lending, and appropriately so, given our experience with this...

ONTARIO, Calif. - One year into its merger with shared branching firm Service Centers Corporation, CO-OP Network has joined SCC in proclaiming success. "It's been a rather hectic time - trying to combine businesses located 2,300 miles apart. But overall, we're very pleased with how the CO-OP Network EFT operations...

The Small Business Administration is growing in importance to credit unions since it overturned a previous policy earlier this year, allowing more credit unions to participate in SBA's guaranteed 7(a) lending program. The guaranteed portion of a SBA-backed loans made by a credit union does not count against their member...

WASHINGTON-Legislation to reauthorize the Fair Credit Reporting Act was reported favorably out of the House Subcommittee on Financial Institutions and Consumer Credit last week by a vote 41-0 vote. H.R. 2622, the Fair and Accurate Credit Transactions Act of 2003, sponsored by Subcommittee Chairman Spencer Bachus (R-Ala.) and several others...

Catskill Regional Federal Credit Union President/CEO Candace Dayton's pet family extends from the four cats and four dogs at her home to the two cats in residence at her credit union. Cats "Allie" and "Lou" were rescued from a local shelter and have been part of the credit union family...