Ed Roberts

Credit unions added 740,000 new members in the third quarter of the year, a new quarterly record that easily puts CUs on pace for their best year ever, NCUA said.

Anthony Raguz, CEO of the former St. Paul Croatian FCU, has been sentenced to 14 years in prison and ordered to pay $72 million restitution for masterminding the biggest fraud in credit union history that led to the 2010 collapse of the $240-million credit union.

Repeal of the credit union tax exemption was briefly proposed in Congress last week as part of a much larger deficit package, but was killed almost immediately by an alert credit union lobby.

Credit Unions had their eyes on a number of important races.

National 1st Credit Union has agreed to acquire San Jose Credit Union.

A blind woman in Texas is the third person to go on a suing spree with the same lawyer over ADA violations.

Credit union executives were so impressed by the latest innovations and ideas presented at the recent BAI Retail Delivery Conference that many were already budgeting to make purchases and implement new cutting-edge technologies on display.

Grow Financial FCU is trying a novel approach to lure passersby into its branches: an interactive video wall that plays a game with people outside, in which they can win cash.

First Marblehead in Boston has agreed to acquire certain assets and liabilities of Cology, a provider of student loan processing and servicing for more than 250 lenders, most of them credit unions.

Fidelity National Information Systems announced the introduction of its own global real-time payments network for domestic and international money movement for both retail and commercial trade.

In the latest deal of its kind, Landmark Credit Union has agreed to acquire Hartford (Wis.) Savings Bank, a troubled, $190-million institution.

The National Credit Union Administration filed a lawsuit against Barclays, alleging the bank's sale of faulty mortgage-backed securities to two corporate credit unions — U.S. Central and WesCorp — contributed to their 2009 collapse.

The National Restaurant Association said Tuesday morning that it is joining the growing opposition to the proposed $7.2 billion antitrust settlement with Visa and MasterCard over fees for credit card transactions, another major setback to the endangered deal.

Inspire Community Development FCU has agreed to merge into giant First Community FCU, just two years after the opening of the CDCU.

A federal court has ordered Pinellas FCU into mediation over the alleged embezzlement of its former CEO, Linda Reynolds, and more than $50,000 of Reynolds' accounts the credit union froze as security against the alleged theft.

The National Credit Union Administration has announced that Gigi Hyland is resigning from its three-member board on Oct. 5.

Three Ohio credit unions have completed a rare three-institution merger to form Pathways Financial Credit Union.

Congressional credit union supporters are seeking a way to get the member business loan measure through Congress in the final days of this year's session, with the chances of an up-or-down vote on the bill itself fading fast.

Rather than slowing down, the membership drive spurred by last fall's Bank Transfer Day sped up in the first and second quarters of the year to a record pace, according to data from NCUA.

A new study from the Filene Research Institute suggests that fewer service and product offerings may be more efficient and beneficial for credit union members.