Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive
150x172_CUEffect.jpg
Contacts
LISA MCCUEVICE PRESIDENT OF COMMUNICATIONS
EDITOR-IN-CHIEF
MICHELLE WILLITSManaging Editor
RON JOOSSASSISTANT EDITOR
ALEX MCVEIGHSTAFF NEWSWRITER
TOM SAKASHSTAFF NEWSWRITER

News Now

CU System
Payments corporate business plan moves forward
WESTMINSTER, COLO. (5/10/11)--The Office of Corporate Credit Unions (OCCU) has given the Organizing Council representing a group of U.S. Central Bridge members permission to move forward with plans to create a payments corporate for the transition of certain payment products and services currently operated by U.S. Central Bridge. The payments corporate safeguards the continuity of payments products to credit unions and their members and limits any risk-of-service disruption. The Organizing Council will prepare and submit to the OCCU an organization and charter application for the payments corporate. While a final timeline has not been determined, the transition of products from U.S. Central Bridge will comply with National Credit Union Administration timelines, the OCCU said. The new corporate will not provide any liquidity or investment products and services. “In my view this is a win-win solution for corporates and credit unions,” said Brandt Peterson, executive vice president at SunCorp and a member of the Organizing Council for the payments corporate. “The payments corporate will rely on known expertise and proven technology, limiting risks associated with moving to another service provider and continuing to minimize credit unions’ administrative burdens through the use of existing delivery and support structure.”


RSS





print
News Now LiveWire
Final field-of-membership rule tops April 30 NCUA agenda http://t.co/gFIhRhUCts
3 hours ago
.@CUNA's @Nussle speaks to @VonnieQuinn about #StoptheDataBreaches and reg. relief. http://t.co/TMTubG9Afk
5 hours ago
RT @NCUFoundation: .The Foundation's @hylandhighway with @NatlJumpStart President/CEO Laura Levine at #FLHillDay2015 today: http://t.co/ep5…
7 hours ago
Seriously underwater homes rise, new-home sales tumble News Now: http://t.co/2LzWTkqnES
7 hours ago
#NewsNow Cornerstone Foundation awards $71K in grants http://t.co/Y6D8K9rwWv
9 hours ago