Press

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Ellie Mae reports first quarter 2015 results

First quarter revenue up 68% to $54.2 million raises 2015 revenue guidance PLEASANTON, CA (April 30, 2015) -- Ellie Mae® (NYSE:ELLI), a leading provider of innovative on-demand software solutions and services for the residential mortgage industry, today reported results for the first quarter ...

Educational Systems FCU supports 2015 Spelling Bee Competitions

GREENBELT, MD (April 30, 2015) -- Educational Systems FCU recently sponsored the Prince George's County and Anne Arundel County Spelling Bees. Both events challenged middle school students to spell words correctly until there was one final winner. The Prince George's County Spelling Bee was held ...

CUSOs complete “Hot Site” relocation for credit union

GRAND RAPIDS, MI (April 30, 2015) -- Two CUSO partners, West Michigan-based CU*Answers and South Dakota-based Site-Four, recently completed the relocation of hot site disaster recovery support services for Harris County Federal Credit Union (Houston, Texas). “The successful transition of the Harris County FCU ...

Strong second quarter numbers for shared resources CUSO

GRAND RAPIDS, MI (April 30, 2015) -- Xtend, Inc., the Grand Rapids, Michigan-based multi-owned cooperative CUSO, recently announced the results of its second fiscal quarter to stockholders and clients. The results for the fiscal period, which ended on March 31st, reflected a continuation of the ...

Sarah Dahlgren to resign from New York Fed

(April 30, 2015) -- The Federal Reserve Bank of New York today announced that Sarah Dahlgren, executive vice president and head of the Financial Institution Supervision Group (FISG), has announced her decision to resign from the Bank at the end of 2015. Ms. Dahlgren is ...

Bite of Reality takes off

Richard Myles Johnson Foundation Program Reached More than 1,800 During April, Financial Literacy Month (April 30 2015) -- The Richard Myles Johnson Foundation’s Bite of Reality program has taken off in 2015, reaching more than 3,800 students thus far throughout California and ...

Chairman Matz Statement on Associational Common Bond Final Rule

WASHINGTON, DC (April 30, 2015) -- This rule represents the first of many significant changes we will be considering this year to allow federal credit unions to expand their fields of membership. Even as we finalize this rule, the Field of Membership Working Group I ...

San Francisco Federal Credit Union launches food bank donation app

SAN FRANCISCO, CA (April 30, 2015) -- San Francisco Federal Credit Union, a not-for-profit, member-owned financial institution serving San Francisco and San Mateo Counties, has partnered with Mogl, a restaurant rewards smartphone app that donates meals to local food banks. The official launch will take ...

McWatters statement on Regulatory Relief for Corporate Credit Unions

Statement by J. Mark McWatters Board Member NCUA Board Meeting April 30, 2015 Regulatory Relief for Corporate Credit Unions Although I will vote to approve the Corporate Credit Union (Corporates) final regulations and proposed regulations pending before the Board today, I wish to offer my ...

D+H completes acquisition of Fundtech

TORONTO, CANADA (April 30, 2015) — TORONTO (April 30, 2015) -- DH Corporation ("D+H") (TSX: DH) today announced that it has successfully completed the US$1.25 billion acquisition (the "Acquisition") of Fundtech, a leading provider of global payments solutions to banks worldwide. This ...

McWatters statement on Associational Common Bond Final Rule

Statement by J. Mark McWatters Board Member NCUA Board Meeting April 30, 2015 Associational Common Bond Final Rule Although it is my understanding that NCUA has undertaken to revise the current “field of membership” (FOM) rules so as to provide the credit union community with ...

Prepared remarks of Vice Chairman Metsger

(April 30, 2015)  Association Common Bond ”I support the adoption of this final rule as a first, and very important step forward in modernizing federal Field of Membership rules. It represents the beginning of a new era. This rule accomplishes several important goals: First, it ...

TMG fraud strategies saved financial institution clients $28 million in 2014

DES MOINES, IA (April 30, 2015) -- Fraud detection and prevention strategies executed by TMG (The Members Group) saved its financial institution clients $28 million in potential fraud losses in 2014, the payments processor announced today. This represents a nearly 40-percent year-over-year increase from the $...

J.B. Hoyt to retire as United Federal Credit Union Chairman

(April 30, 2015) -- United Federal Credit Union (UFCU) announced today that its Chairman, Mr. J.B. Hoyt, will be retiring from the credit union’s Board of Directors on June 30, 2015.  Hoyt, a 28 year veteran of the credit union’s volunteer Board ...

McWatters statement on Credit Union Insurance Fund Parity Act

Statement by J. Mark McWatters Board Member NCUA Board Meeting April 30, 2015 Credit Union Insurance Fund Parity Act Although I will vote to approve the proposed Credit Union Share Insurance Fund Parity Act (Insurance Parity Act) regulations (Proposed Rule) before the Board today, I ...

A+FCU holds Trails at 620 ribbon cutting ceremony

AUSTIN, TX (April 30, 2015) -- A+ Federal Credit Union (A+FCU) celebrated the opening of its newest Austin branch, the Trails at 620, with a ribbon-cutting ceremony and community celebration. The Four Points Chamber of Commerce, Laura Bush Elementary choir, local businesses and members ...

Construction begins for new Summit Credit Union branch in Franklin

MADISON, WI (April 30, 2015) -- Summit Credit Union will break ground on a new, 3,500-square-foot branch in Franklin, Wisconsin, this May. The new facility, located at the Shoppes at Wyndham Village development, which is southeast of Highway 100 and Drexel Avenue in Franklin, ...