GLASTONBURY, Conn. - Core processor Open Solutions Inc. has acquired Connecticut-based Sound Software, a provider of lending management solutions for community financials. Open Solutions will acquire Sound Software for an undisclosed amount of cash and stock. Sound Software will become a wholly-owned subsidiary of Open Solutions and operate as a...

Federal credit unions continue to be attracted by the FOM flexibility of a community charter. The following is the latest NCUA report on community charter expansions. As the chart shows, some FOM expansions are simply the addition of new counties, while others can have complicated guidelines.

An article on page 13 in the July 25th issue of Credit Union Times regarding an NCUA instigated emergency credit union merger is, in our collective opinion, very misleading. We feel it does not accurately reflect the NCUA bidding process that was used. A number of credit unions including ours...

WASHINGTON - Runners to the starting line! The Metropolitan Area Credit Union Managment Association (MACUMA) is in the planning stages of becoming the title sponsor of Washington, D.C.'s premier spring running event, The Cherry Blossom 10 Mile. The race will celebrate its 30th anniversary when it's held next year on...

SALT LAKE CITY - Tracie Karls, senior vice president dues supported services for the Utah League of Credit Unions has been named the new president/CEO of the Montana Credit Union Network, effective Sept. 4. Karls succeeds Herb Walberg who retired as president/CEO of MCUN May 1. Karls joined the Utah...

ATLANTA - Surrounded by community banks, Georgia Federal Credit Union's Stockbridge branch in Henry County needed a way to gain visibility. The answer was found in a simple fortune cookie. Next to a Burger King on a busy street, this billboard will run for the next three months. According to...

WASHINGTON - "Don't let the Realtors limit consumer choice! Tell your members of Congress you want more competition in real estate," screams a pop up ad on the American Bankers Association Web site (www.aba.com). The ABA and others have been working recently to extend bankers powers into the real estate...

BROCKTON, Mass. - Talk about paying members to come in. Brockton Credit Union recently drew attention to its new full-service branch in Middleborough with a seven-foot tall "Money Tree" complete with artificial one, five and ten dollar bills. Twenty-two finalists submitted guesses on the amount of money growing on the...