Converted CU's Stock Rises
NAPERVILLE, Ill.-Stock in Allied First Bancorp, Inc., converted recently from Allied Pilots Association FCU, has
Brick and Associates, East Lansing, Mich., which provides asset liability management to financial institutions, said it
Since then the stock has climbed to a high of $12.10 on thin over-the-counter trading, before settling back to $11.93,
Robert Clark, an analyst with Charlottesville, Va.-based SNL Securities, said the run-up in Allied First stock is
Each of the thrifts, he suggested, will eventually be a target for takeover, as was IGA FCU, the first converted credit
Online Resources Adopts Poison Pill
McLEAN, Va.-Online Resources, Inc., the Internet services provider for credit unions, has adopted a shareholder
The plan would automatically entitle common shareholders to acquire preferred shares at a steep discount once an
Online Resources, whose sagging stock price has made it the subject of takeover rumors, said it does not know of
COFCU Sees Paperless World
LAS VEGAS-Community One FCU said it has drastically reduced its paper by incorporating Bluepoint Solution,
Exec Pleads Guilty To Embezzlement
PEORIA, Ill.-The president of Members Choice Credit Union pleaded guilty recently to embezzling $96,000 from
Michael Baker pleaded guilty to one count of bank fraud in connection with a scheme to apply interest and dividends
Baker faces up to 30 years in prison and $1 million in fines when sentenced April 26
Paralyzed Teller Sues Over Robbery
MOUNT DORA, Fla.-A former teller at United Southern Bank, who was shot and paralyzed during a 1999 robbery,
Marishia Scott claims that Foreline Security, which provided security cameras in the banks, was negligent because it
Scott was paralyzed when shot by gunman Fred Anderson, Jr., and her colleague, Heather Young, was killed.
Anderson was convicted and sentenced to death in the case.
Scott is asking for $15 million in damages in the case.
Suit Charges Auto Lender With Bias
INDIANAPOLIS-A group of black and Hispanic borrowers have charged Union Acceptance, a local auto finance
The suits, filed in four states and the District of Columbia, allege the company secretly encouraged auto dealers to