Corporate America CU purchases Smart Source Solutions CUSO.
November 23, 2010
NCUA reports that it’s transferring the assets of Constitution Corporate to Members United Bridge Corporate Federal Credit Union, Warrenville, Ill. Members United will assume Constitution’s members, shares, and business processes to ensure ongoing service to the credit unions and their consumer members.
Six federal agencies published guidance last week designed to ensure all depository institutions are aware of expectations when it comes to deposit reconciliation. CUNA’s compliance explains what it means for credit unions in a recent CompBlog post.
CUNA is concerned with a report on consumer testing used by the CFPB to analyze periodic statement forms for consumers in bankruptcy, but concurs with some of its findings. The bureau issued a report in February on its study.