Ed Roberts

JACKSON, Miss. — HOPE CU, one of the nation's leading community development credit unions, and its President Bill Bynum, were named winner Tuesday of the Aspen Institute's John P. McNulty $100,000 prize recognizing innovation in addressing important social issues.

WASHINGTON — CUNA reported Monday it made $188,000 in campaign contributions last month, much of it to innocuous-sounding groups like "PAC to the Future," "Wild and Wonderful PAC" and "Prosperity PAC," allowing the credit union lobby to effectively give twice the legal $10,000 limit to some committee chairmen and other congressional leaders.

WASHINGTON — The Federal Reserve told a U.S. Appeals Court Monday afternoon that its rule setting swipe fee caps under the Durbin Amendment should be allowed to stand because the Fed set the cap "in complete fealty to the statute and its purpose."

PITTSBURGH—Former city police Chief Nathan Harper pleaded guilty Friday to federal charges that he conspired to steal police funds deposited into unauthorized account with the Pittsburgh Police FCU.

ALEXANDRIA, Va.—NCUA reported Monday that it approved the combination of First Community FCU in Parchment, Mich., and E&A CU in Port Huron, creating another $1 billion credit union, Michigan's ninth.

DES MOINES - TMG Financial Services, one of the leading card processors for credit unions has named Jon Sarvis, its chief financial officer the past six years, as its new CEO.

WASHINGTON - NAFCU called on Senate leaders Friday to delay scheduled rate hikes under the National Flood Insurance Program until the Federal Emergency Management Agency completes its affordability impact study and Congress is able to review the findings.

HOUSTON – PrimeWay FCU rolled out a new advertising and marketing campaign introducing its own “Financial Freedom Fighters” to educate and market to members featuring everyday credit union personnel disguised as superheroes.

WASHINGTON -- Tucked away in the Congressional budget deal hammered out to end the government shutdown is a 1% pay raise for all federal workers in January, which could give National Credit Union Administration employees their second pay hike in a matter of months.

NORTH HIGHLANDS, Calif. – SAFE CU plans to move its headquarters to Folsom by the end of 2014 after buying a three-story office building on Iron Point Road best known as the former base for Waste Connections Inc.

FERNDALE, Mich. – Credit Union ONE has signed with Fiserv to implement the company’s Open Solutions DNA core processing solution.

ALEXANDRIA, Va. – The NCUA Board next week will issue for comment a proposal requiring the largest credit unions, those over $10 billion in assets, to undergo stress tests similar to those applied by the Federal Reserve to the biggest banks.

PROVIDENCE, R.I. - A supervisor at Columbus CU who reported a robbery at the CU last year, pleaded guilty Thursday to separately stealing $437,000 herself from the credit union's vault, ATM and cash shipments.

HONOLULU – Aloha Pacific FCU has appointed Vince Otsuka, its senior vice president of lending who was serving as interim chief, as president and chief executive officer of the $750 million-asset credit union.

CANTON, Ohio – The Stark Metropolitan Housing Authority has filed a complaint in state court here seeking to evict SMHA FCU, after the tiny credit union it chartered in 2001 refused to start paying rent and other expenses the local agency was ordered by the U.S. Department of Housing and Urban Development to repay.

BETHESDA, Md. – National Institutes of Health FCU said it generated $500,000 in new auto loan applications and $1 million in mortgage applications in 30 days using Micronotes cross-selling technology.

DURHAM, N.C. -- The venture capital arm of Self-Help CU plans to break ground next month on a $12 million grocery store/office project at a former city-owned parking lot property that will help anchor a redevelopment of the city’s Kent Corner neighborhood.

WASHINGTON – The Consumer Financial Protection Bureau says students are being harmed by the practices of the major student loan servicers.

AUSTIN, Texas – The Texas CU Division reminded CUs that they may not deplete the value of an inactive account by any means, including the imposition of a service charge.

NEW YORK – Space Coast CU agreed last week to dismiss its lawsuit against Barclays Capital and State Street Corp. claiming that Barclays packed a collateralized debt obligation, or CDO, it sold to Eastern Financial Florida CU with junk, hastening the demise of the one-time $2.4 billion credit union--the biggest natural person CU failure ever.