Press

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Member business lending rule a major victory for America’s small businesses

WASHINGTON, DC (February 18, 2016) — The National Credit Union Administration approved a final rule, supported by the Credit Union National Association (CUNA), that represents a complete overhaul of the NCUA’s member business lending regulation. CUNA president/CEO Jim Nussle released the following statement: “...

CO-OP Financial Services GAC 16 exhibit focuses on “Growth Through Purpose”

RANCHO CUCAMONGA, CA (February 18, 2016) — CO-OP Financial Services will present at GAC 16 a hands-on, experiential display outlining how credit unions can achieve “Growth Through Purpose” by updating their traditional commitment to helping people. “Credit unions have always been about ‘People Helping People,’ ...

NAFCU Chief Economist Curt Long statement on FOMC January minutes

WASHINGTON, DC (February 17, 2016) — National Association of Federal Credit Unions (NAFCU) Chief Economist Curt Long issued the following statement today in response to the Federal Open Market Committee’s January meeting minutes. “The committee is not jumping to any conclusions about the implications ...

Daniel Laferla joins TMG as Vice President of Sales

DES MOINES, IA (February 17, 2016) — Payments processor TMG (The Members Group) today announced veteran sales strategist Daniel Laferla has joined the growing company as vice president of sales. Laferla comes to TMG from technology solutions provider Jelecos, where he served as director of ...

CO-OP Financial Services launches new CO-OP Shared Branch express

RANCHO CUCAMONGA, CA (February 17, 2016) — CO-OP Financial Services is unveiling CO-OP Shared Branch express, designating shared branching services delivered primarily through self-service devices in both retail and in-branch environments. This new service and accompanying logo and branding will begin to be introduced to ...

CUNA FUSE 2016 slated for Aug. 15-18 in Las Vegas

WASHINGTON, DC (February 16, 2016) — Credit Union National Association (CUNA) will host this year’s CUNA FUSE – Branch Operations & Business Development School Aug. 15-18, 2016 in Las Vegas. Comprised of expert-led sessions and experiential learning activities, this event is dedicated to credit union ...

Fiserv names Robert Hau as Chief Financial Officer

BROOKFIELD, WI (February 16, 2016) — Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, today announced that Robert Hau will join the company as chief financial officer on March 14, 2016. Hau's professional background includes nearly 30 years of progressive ...

CO-OP and Leverage renew partnership to service credit unions

RANCHO CUCAMONGA, CA (February 16, 2016) — CO-OP Financial Services has renewed its long-standing partnership with LEVERAGE, the service arm of the League of Southeastern Credit Unions & Affiliates (LSCU), which will offer select CO-OP products and services to credit unions. Under the new five-year ...

CUNA Mutual Group posts strong 2015 results

MADISON, WI (February 16, 2016) — CUNA Mutual Group today reported strong 2015 operating results, which the company said will create additional momentum to help invest in products and services that help make credit unions the best financial alternative for consumers. CUNA Mutual Group’s ...

NAFCU Chief Economist Curt Long statement on January retail sales report

WASHINGTON, DC (February 12, 2016) — National Association of Federal Credit Unions (NAFCU) Chief Economist and Director of Research Curt Long issued the following statement in response to the Commerce Dept.’s January retail sales  report. “Despite turbulence in financial markets and a blizzard that ...

NAFCU statement on NCUA plan to finalize MBL rule at February board meeting

WASHINGTON, DC (February 11, 2016) — National Association of Federal Credit Unions (NAFCU) President and CEO Dan Berger issued the following statement in response to the National Credit Union Administration’s (NCUA) announcement that it will vote on a final, revised member business lending rule ...

NAFCU letter to FASB requesting second CECL comment period

WASHINGTON, DC (February 11, 2016) —   The Honorable Russell G. Golden, Chairman The Honorable James L. Kroeker, Vice Chairman The Honorable Daryl E. Buck, Board Member The Honorable Thomas J. Linsmeier, Board Member The Honorable R. Harold Schroeder, Board Member The Honorable Marc A. ...

NAFCU letter in advance of today’s hearing on short-term, small dollar lending

WASHINGTON, DC (February 11, 2016) — February 10, 2016 The Honorable Randy Neugebauer Chairman House Financial Services Committee Subcommittee on Financial Institutions & Consumer Credit United States House of Representatives Washington, D.C. 20515 The Honorable Wm. Lacy Clay Ranking Member House Financial Services Committee ...

Saylent successfully completes Type 2 SOC 2 examinations for security

BOSTON, MA (February 10, 2016) — Saylent, a software company which empowers financial institutions with data-driven insights and business tools to create profitable products and programs the market desires, today announced that it has successfully completed Type 2 SOC 2 Security examinations of its Account360™ ...

D+H wins Commercial Loan Origination Award by Aite Group

TORONTO, CANADA (February 9, 2016) — DH Corporation ("D+H") (TSX: DH), a leading provider of technology solutions to financial institutions globally, today announced it has received the "All Things to Everyone" Award from Aite Group, a global research and advisory firm. As part of ...

Tandem Bank selects Agiliti from Fiserv as its technology platform

BROOKFIELD, WI (February 9, 2016) — Fiserv, Inc. (NASDAQ: FISV), a leading global provider of financial services technology solutions, announced today that Tandem Bank has selected Agiliti™ from Fiserv as its technology platform. Tandem Bank selected Agiliti to bring a new banking experience to market ...

Eli Joseph named CUNA Deputy Chief Advocacy Officer

WASHINGTON, DC (February 8, 2016) — Eli Joseph has been named Deputy Chief Advocacy Officer of the Credit Union National Association (CUNA), the largest and most influential national financial services trade association in the country advocating on behalf of over 6,000 credit unions and ...