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WASHINGTON-Federal Housing Finance Board Director John Korsmo said last week that he was neither hot nor cold about privately insured credit unions becoming eligible for Federal Home Loan Bank membership. Following a speech at America's Community Bankers Government Affairs Conference, Korsmo told reporters, "The banks are divided on that. Obviously...

ALEXANDRIA, Va.-NCUA has announced it has begun the process of verifying the accuracy of accounting records at D. Edward Wells Federal Credit Union, which was placed into conservatorship last month. The agency filed court papers in the U.S. District Court in Springfield detailing its reasons for placing the troublesome credit...

PHOENIX - CO-OP Network, the nation's largest credit union-owned, surcharge-free ATM network has decided to renew its relationship with eFunds, the Phoenix-based transaction processor. The Arizona firm has processed transactions for CO-OP Network member ATMs for 15 years, according to Rob Myhre, vice president for processing for eFunds. "When CO-OP...

WEST PALM BEACH, Fla. - The Credit Union Times' Voting Poll is back with a revamped format that makes it easy to cast your vote. The poll resides on Credit Union Times' home page (www.cutimes.com) where participants can vote without jumping around to other pages (see illustration). Up-to-date results are...

WASHINGTON-Airline pilots were picketing outside of Rayburn House Office Building on Capitol Hill last week because of concessions the union made to help pay for airport security. House Transportation and Infrastructure Aviation Subcommittee Chairman John Mica (R-Fla.) held a hearing on the situation last Wednesday. (Credit Union Times was on...

WOBURN, Mass. - EasCorp, one of the first corporates to offer its members eStatements, has a new retail marketing kit to help its credit unions attract eStatement users. EasCorp has 22 credit unions live on its eStatements program. Twenty of them use EasCorp's stand-alone product, which was released in 2002,...

BROOKFIELD, Wis. - Fiserv, Inc. has signed an agreement to acquire Precision Computer Systems (PCS), a provider of bank processing solutions based in Sioux Falls, South Dakota. PCS' annual revenues are approximately $25 million. Terms of the deal were not disclosed. "PCS has a successful product line and an extremely...

GAITHERSBURG, Md. -Since being awarded the Maryland Work-Life Alliance Excellent Place to Work designation, Montgomery County Teachers Federal Credit Union has joined the ranks of an elite list of "destination workplaces" for job seekers here in the state. The Excellent Place To Work designation is a seal of quality that...