ELGIN, Ill. - Credit union lending firm Lending Solutions, Inc. here has processed its one-millionth loan application through its National Loan Processing Center, a 24-hour lending call center. LSI, founded by Rex Johnson, a recognized leader in lending issues in the credit union industry, seems to be going through a...

WASHINGTON-The Federal Trade Commission (FTC) is requesting comment on its proposed information security regulation required under the Gramm-Leach-Bliley Act (GLBA). The law's security provisions require the FTC and other federal agencies to develop standards for financial institutions relating to administrative, technical and physical safeguards for customer information. The purpose for...

MADISON, Wis. - CUES announced that it has partnered with Decision Strategies International Inc. (DSI), W. Conshohoken, Pa., and Counter Intelligence Associates (CIA), San Juan Capistrano, Calif., to offer scenario-based strategic planning services to credit unions. According to CUES, the partnership gives CU execs and directors access to strategic planning...

MADISON, Wis. - The newly formed CUNA Network Services has made a deal with RSM McGladrey to deliver Web compliance services to CUs. According to RSM McGladrey, over 95% of credit union Web sites do not comply with a variety of regulatory requirements. The passage of Gramm Leach Bliley brought...

Fort Bliss Federal Credit Union, El Paso, Texas, has promoted Richard L. Sandenaw to executive vice president. U.S. New Mexico Federal Credit Union, Albuquerque, has appointed the following members to its board: Nancy Haines, chairperson; W. Charles Bennett, first vice chairperson; Tony J. Gilbert, treasurer; I.L. Sanchez-Davis, secretary; Robert F....

THORNDALE, Pa. - Citadel Federal Credit Union is helping educate low-income individuals and families about financial management and the importance of saving. The $348 million credit union has become a partner in the Family Savings Partner Program. The Family Savings Partner Program is administered by Open Hearth Inc, which promotes...

WASHINGTON-According to a recent comment letter from CUNA, the lobby group is in support of a NACHA proposal on the usage of electronic affidavits, authorizations, and records in conformance with the Electronic Signatures in Global and National Commerce Act (E-Sign). "CUNA supports clarifying that those electronic or written statements made...

BROOKFIELD, Wis. - Fiserv has signed a definitive agreement to acquire the item processing business of the Federal Home Loan Bank of Pittsburgh. Under this agreement, Fiserv will add two FHLBank item processing facilities in Pittsburgh and Conshohocken, located outside Philadelphia. Terms of the agreement were not disclosed. The two...