Ed Roberts

A pair of credit unions are expanding: First Citizens' Federal Credit Union in Fairhaven, Mass. and Dow Louisiana Federal Credit Union in Baton Rouge, La.

1st MidAmerica Credit Union has agreed to acquire Alton Area Employees Federal Credit Union in Illinois.

STCU Credit Union in Springfield, Mass., said Wednesday that it has hired banking veteran Michael Ostrowski as its president and chief executive.

Two San Francisco credit unions have applied to state regulators to acquire the ailing 1st Choice Federal Credit Union and Pacifica-Coastside Credit Union.

American 1 Federal Credit Union in Jackson, Mich., has agreed to acquire Premier Financial Credit Union of Clinton Township, Mich.

St. Mary's Bank, a credit union based in Manchester, N.H., has pledged to make $2.5 million in new funds available for low-income Home Loan Payment Relief mortgages, a subprime mortgage program that was developed by the Credit Union National Association.

Midwest Corporate Federal Credit Union in Bismarck, N.D., has become the first corporate credit union to voluntarily liquidate in the face of daunting new capital and other regulatory requirements from the National Credit Union Administration.

The former chief executive of Community Link Federal Credit Union in Huntington, Ind., claims he was fired as head of the $20 million-asset credit union because he shared information with examiners for the National Credit Union Administration on potential conflicts of interest on the board and other regulatory violations.

Polish and Slavic Federal Credit Union in New York has hired Oskar Mielczarek, an experienced banker, as its president and chief executive.

Wescom Credit Union of Pasadena, Calif., said Wednesday that its Wescom Resources Group has signed with PayPal Inc. to offer person-to-person payment services to credit unions.

The National Credit Union Administration has liquidated the Hmong American Federal Credit Union in St. Paul, Minn. The agency said Thursday that it made the move to discontinue the $2.7 million-asset credit union's operations after determining that Hmong was insolvent.

Bell Federal Credit Union and Midwest Partners Federal Credit Union, both in Sioux Falls, S.D., have agreed to merge, creating a $65 million-asset credit union serving 9,000 members.

A federal court agreed Thursday to let the National Credit Union Administration submit records under seal, bolstering its case for the April 15 conservatorship of Vensure Federal Credit Union.

The newly chartered United Resources Federal Credit Union in San Dimas, Calif., plans to start soliciting for up to $250 million in new capital, the corporate said on Friday.

A federal judge has ordered the repatriation of $2.3 million traced to last year's collapse of St. Paul Croatian Federal Credit Union from a Macedonian bank as authorities try to determine if the funds were among those siphoned from the onetime $240 million-asset credit union.

National Bank of Oak Harbor and Commodore Perry Federal Credit Union in Oak Harbor are providing low-interest loans to help spruce up downtown.

Chartway Federal Credit Union in Virginia Beach has expanded in Utah With its acquisition Friday of the failed Utah Central Credit Union.

Georgia United Credit Union in Atlanta said Monday that it had completed its merger with State Employees Credit Union over the weekend.

First Carolina Corporate Credit Union in Greensboro said Friday that it raised $60 million in new perpetual contributed capital, becoming the latest corporate to successfully complete a recapitalization.

Vensure Federal Credit Union in Mesa, Ariz., taken under conservatorship by the National Credit Union Administration two weeks ago, claimed that the NCUA knew all along that it was processing online bets for the two biggest poker websites.