Press

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AmeriCU to introduce a mobile mortgage lending experience powered by SimpleNexus

ROME, NY (January 31, 2023) — SimpleNexus (https://simplenexus.com/), an nCino (NASDAQ: NCNO) company and developer of the leading U.S. homeownership platform for loan officers, borrowers, real estate agents and settlement agents, announced today that AmeriCU will implement Nexus Engagement™, Nexus Origination™ and ...

NCUA releases new updated FAQs on CECL, simplified CECL tool

ALEXANDRIA, VA (January 30, 2023) — The NCUA has released updates to its frequently asked questions on the current expected credit losses (CECL) accounting standard and its Simplified CECL Tool. The CECL GAAP FAQs address common credit union topics including: CECL implementation date for supervisory ...

BECU welcomes Rick Eiel as Chief Data and Analytics Officer

SEATTLE, WA (January 30, 2023) — BECU, the country’s fourth largest credit union, today announced it has welcomed Rick Eiel as executive vice president and its first chief data and analytics officer. In his new role, Eiel is responsible for developing and enabling enterprise ...

Chartway announces its newest CUSO, Ventures

LEHI, UT (January 30, 2023) — Chartway Credit Union is excited to announce the formation of Chartway Ventures, its newly founded and wholly owned Credit Union Service Organization (CUSO). Chartway Ventures will focus on investing in organizations that align with the credit union's purpose of ...

Ncontracts announces launch of Risk Performance Management (RPM)

BRENTWOOD, TN (January 30, 2023) — Ncontracts, the leading provider of integrated compliance and risk management solutions to the financial industry, is helping to define a new category and view of risk management with the release of its Risk Performance Management (RPM) Suite. The RPM ...

MCUL welcomes three new team members

LANSING, MI (January 30, 2023) — This year, the Michigan Credit Union League started the year by welcoming three new team members: League Representative Vanessa Marvin, League Representative Tony Zorza and Events Specialist Rebekah Yeary. Vanessa Marvin Marvin, a native Hoosier, went to school at ...

LoanStreet launches CECL reporting solution for loan participations

NEW YORK, NY (January 30, 2023) — LoanStreet Inc., the leading platform for loan sharing, reporting and analysis, announced the launch of its Current Expected Credit Loss (CECL) solution, automating the calculation of loss reserves that accurately reflect the risk profile of their loan participation ...

PMI Rate Pro Pricing Tool now integrated with MCP

KANSAS CITY, MO (January 30, 2023) — PMI Rate Pro, a Fintech firm founded by loan originators to help build stronger relationships with mortgage borrowers, has completed a new integration with the Mortgage Cadence Platform (MCP), the newly-released, cloud-based digital lending platform from Mortgage Cadence. ...

Sharonview Federal Credit Union hires VP of Capital Markets

INDIAN LAND, SC (January 30, 2023) — Sharonview Federal Credit Union, one of the nation’s top 200 credit unions, is proud to announce that Bryan Lockman has taken on the role of Vice President of Capital Markets. Prior to joining Sharonview in December, Lockman ...

New financial program at AMOCO helps underserved

TEXAS CITY, TX (January 27, 2023) — It’s no secret that AMOCO Federal Credit Union is known for its ability to rally around its members and community in more ways than one.   From providing financial services and products that meet its membership in ...

Control of Edinburg Teachers Credit Union returned to members

ALEXANDRIA, VA (January 27, 2023) — Edinburg Teachers Credit Union, located in Edinburg, Texas, is once again under the control of its members after release from conservatorship, the National Credit Union Administration and the Texas Credit Union Department announced today. “Edinburg Teachers’ leadership and staff ...

Sharonview Federal Credit Union taps new VP of External Revenue

INDIAN LAND, SC (January 27, 2023) — Sharonview Federal Credit Union, one of the nation’s top 200 credit unions, is proud to announce the promotion of Brent Voci to Vice President of External Revenue. In this role, Voci is responsible for leading real estate ...