News/Articles

Credit unions today face a finite set of choices. They must grow to survive. Growth brings efficiencies and resources that enable credit unions to successfully compete in the financial services marketplace. Members won’t wait days for a loan decision from their credit union when the bank provides an answer in thirty minutes. Without greater efficiencies […]

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The National Credit Union Administration (the “NCUA”), along with several other Federal Regulatory Agencies, released a new proposal for monitoring and controlling nontraditional mortgages. The NCUA is becoming increasingly concerned about credit risks without proper control. Twice in December 2005 the NCUA has released proposals for limiting these risks – (1) “Third-Party Servicing of Indirect […]

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Credit unions are under pressure by their members to provide a variety of financial services. Credit unions are also under pressure to deliver operational services more efficiently and effectively. The solution to these pressures often involves selecting third party service providers to deliver the services the credit union either cannot provide or provide as efficiently […]

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