Fannie Mae has a new mortgage offering called HomeReady Mortgage, designed for creditworthy, low- to moderate-income borrower. It allows expanded eligibility for financing homes in designated low-income, minority, and disaster impacted communities.
CO-OP Financial Services established a new annual record in 2014, processing more than 3 billion electronic funds transfer and shared branch transactions by credit union members, an increase of 8% compared with 2013.
Akcelerant, a provider of software and services to the financial industry, and CU Revest, an asset management credit union service organization designed to manage and monetize pre-charge and charged-off debt, have partnered to offer a new collection outsourcing solution.
Wescom Resources Group, a provider of software and technology service solutions for credit unions, generated $11.1 million in annual revenue for 2014--the credit union service organization's 12th consecutive year of total income growth.
The U.S. Department of Labor’s proposed overtime rule would affect a substantial portion of credit union employees, particularly at smaller credit unions and those in rural or underserved areas, CUNA told the department Tuesday.