ROCHESTER, N.Y. – The first wave of ESL FCU employees are scheduled to begin work today in the credit union’s new headquarters, one of the lynchpins in a revitalization plan for this beleaguered city’s downtown.

With rates near all-time lows and costs still rising, it has become so difficult for credit unions to earn a positive spread for their members that Nevada Federal Credit Union is paying members to take their money elsewhere.

Institutions in Florida, Illinois, Maryland and Utah failed Friday, bringing the year's total to 26. The failed banks held combined assets of roughly $1.1 billion and their resolution is expected to cost the Deposit Insurance Fund more than $300 million.

Institutions in Florida, Illinois, Maryland and Utah failed Friday, bringing the year's total to 26. The failed banks held combined assets of roughly $1.1 billion and their resolution is expected to cost the Deposit Insurance Fund more than $300 million.

Like many community banking companies striving to protect capital against a rising tide of problem assets, Integra Bank Corp. in Evansville, Ind., is making some tough choices.

Like many community banking companies striving to protect capital against a rising tide of problem assets, Integra Bank Corp. in Evansville, Ind., is making some tough choices.

The state of New Jersey's Assembly Consumer Affairs Committee on Thursday approved a law designed to help consumers combat wrongful collection practices. The issue now moves to the full Assembly for a possible floor vote at an as-yet-unscheduled time.

Wintrust Financial Corp. in Lake Forest, Ill., on Thursday announced pricing for a common stock offering expected to raise at least $183 million of fresh capital.

The struggling Integra Bank Corp. in Evansville, Ind., has announced its third branch-sale deal of the year.

City National Corp. in Los Angeles announced Thursday that it has completed repaying the Treasury Department's $400 million investment made under the Troubled Asset Relief Program.

Alexi Giannoulias, a Democrat in a race for the Senate against five-term U.S. Rep. Mark Kirk, a Republican, warned of the possible fate of his family's Broadway Bank during a Wednesday meeting with the Chicago Sun-Times editorial board, according to local media reports. Giannoulias would not comment to American Banker.

Though the $16.4 billion-asset company, led by the real estate developer Howard Milstein, insists its problems are under control, analysts paint a bleak picture of a company that could snap under further stress without additional capital.

DUBUQUE, Iowa – Dupaco Community CU is building a second branch in nearby Cedar Rapids, one of two planned for 2010 by the $780 million credit union.

ATMs have long been primarily used for withdrawals, but as envelope-free deposits and other advanced features have become more common, the range of typical uses for ATMs has expanded.

ROCHESTER, N.Y. – Consonus, of Cary, N.C., and its data center relocation partner Hi-Tech Transportation, relocated 200 computer servers and other data center devices to ESL FCU’s new headquarters in just 12 hours last Saturday – returning one of the country’s largest credit unions to full operational status by Sunday afternoon.

Advantage Credit Repair LLC in Chicago and Mark D. Solomon, company president and owner, agreed to settle Federal Trade Commission charges filed last year for falsely claiming the firm would improve consumers' credit ratings.

Linda Almonte, a former assistant vice president at JP Morgan Chase, has filed a lawsuit against the banking giant claiming that its credit card unit misrepresented information about a portfolio of card debt for sale.

LOWELL, Mass. – Jeanne D’Arc CU will open a new branch inside nearby Methuen High School, the credit union’s fourth high school branch.

RAPID CITY, S.D – In rare supervisory action, NCUA yesterday issued a cease and desist order directing Rapid City Telco FCU to halt construction on its new branch, near the presidential monuments Rushmore Crossing shopping center, or any additional fixed assets without NCUA approval because the $47 million credit union has exceeded the agency’s fixed assets rule.

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