Ed Roberts

HARRISBURG, Penn. — A federal court here dismissed a suit last week alleging Pennsylvania State Employees CU violated provisions of the Electronic Funds Transfer Act after the credit union produced evidence suggesting that someone had removed the legally required notice affixed to the ATM disclosing the fees to be charged to non-member users of the cash machine.

BATON ROUGE, La. — In a rare deal, Pelican State FCU said this morning it is transferring its Chalmette branch and 600 member accounts there it acquired in the wake of Hurricane Katrina to nearby Eagle FCU.

Visa has taken a rare step and dropped payments processor Global Payments from its list of approved service providers after the company reported that as many as 1.5 million credit card accounts may have been compromised by hackers.

The American Bankers Association is opposed to legislation that would expand a credit union's ability to make small business loans. Last week, ABA members went to Washington and gave lawmakers an earful.

WORCESTER, Mass. – Webster FCU, fresh off two Boston-area mergers, announced this morning a deal for Filene FCU, one of the oldest credit unions in Boston that served employees of the famous retail chain once run by credit union pioneer Edward Filene.

Sussex County Federal Credit Union is the first U.S. financial institution to install NCR's new virtual teller ATM, Aptra Interactive Teller, which gives members the choice of either self-service or a live video interaction with a teller.

CHARLOTTE, N.C. — NCUA this morning liquidated tiny Shepherd's FCU, a year-old community development credit union, in the latest sign of the difficulties facing small credit unions.

The California Department of Financial Institutions took over Telesis Community CU, the one-time $625 million credit union with one of the biggest member business loan portfolios in the country, Friday night and appointed NCUA as conservator.

Directors at HarborOne CU, New England's second largest credit union, voted unanimously last night to put the issue of whether to convert to a state chartered cooperative savings bank to the credit union giant's 180,000 members.

Pacific Crest FCU announced on Monday that it is acquiring two northern California branches from ailing PremierWest Bancorp.

The Credit Union National Association launched a radio campaign to help save House Financial Services Chairman Spencer Bachus, who is being challenged by a Tea Party-backed candidate in Tuesday's Republican primary.

GFA Federal Credit Union of Gardener, Mass., has agreed to acquire Monadnock Community Bank, a troubled former credit union located in nearby Peterborough, N.H., in the second credit union deal for a bank over the past few months.

MANHATTAN BEACH, Calif. — Credit union giants Kinecta FCU and NuVision FCU have called off their proposed combination, which would have been the second biggest credit union merger ever, creating a $4.4 billion credit union.

ALEXANDRIA, Va. — Fueled by higher bank fees and the Bank Transfer Day movement, credit unions scored some of their biggest membership gains ever in the second half of 2011, NCUA reported this morning.

Fiserv is merging its two person-to-person payment offerings, Popmoney and ZashPay, and will market the combined offering as Popmoney.

KENOSHA, Wis. — NCUA and state credit union regulators took over A M Community CU, a troubled one-time $135 million credit union that serves Chrysler workers and the surrounding community, after the close of business Friday evening.

BROCKTON, Mass. — HarborOne CU, New England's second largest credit union, is the latest credit union giant to be considering a conversion to bank, which would be the biggest credit union conversion yet.

The NCUA Board this morning approved the combination of Ohio’s Corporate One FCU with Florida’s Southeast Corporate FCU, the fifth corporate merger over the past few months, whittling down the number of corporates to 15.

The National Credit Union Association said Monday that a federal credit union may set the maturity date for modified or refinanced mortgages beyond the regulatory 40-year maturity limit, as long as the terms of the original loan were no more than 40 years.

A coalition of bank and credit-union lobbyists joined the ATM industry in requesting legislation to stop lawsuits alleging violation of the Electronic Funds Transfer Act.