News From CUJournal.com
NASA FLIES INTO REMOTE DEPOSIT
UPPER MARLBORO, Md.-NASA FCU has launched a free remote deposit service, allowing its members, businesses and individuals the ability to deposit checks anytime, anywhere, from a computer with a scanner and Internet connection. Check out the online demo at: www.nasafcu.com/DemoRD.
LAKE MICHIGAN, CITIZENS MERGER OKD
LANSING, Mich.-State regulators have approved the merger of Citizens CU, a one-time $69 million Kalamazoo credit union, into Lake Michigan CU, a $1.8 billion Grand Rapids-based institution. Citizens, which reported a loss of $620,000 for 2008 and of $1.9 million for 2009, had a first quarter loss of $150,000 and net worth under 4% as of March 31.
CU TO FINANCE CITY STREET LIGHTS
KANSAS CITY, Mo.-CommunityAmerica CU has committed $5 million in private financing for street light retrofits, under a federal program that will install energy efficient street lights in 20 area communities.
MEMBERS 1ST OPENS IN-STORE BRANCH
MECHANICSBURG, Penn.-Members First FCU opened its new branch inside a Giant Food Store in York last week-its first in-store facility. The branch is the $1.8 billion credit union's ninth in-store Giant facility and 44th branch overall.
TEXAS DOW AGREES TO SWAP LOT
BAY CITY, TEXAS-Texas Dow Employees CU has agreed to move its new 5,000-square-foot branch 132 feet to the west to make way for a new retail development complex and a new credit union building.
NAVY FED SAILS IN TO WEST POINT
HIGHLAND FALLS, N.Y.-Navy FCU opened a branch here near the U.S. Military Academy at West Point, the credit union's 181st service facility. The newest branch will serve more than 16,000 Department of Defense personnel and their families assigned to West Point. The 5,000-square-foot facility is located less than two miles from West Point Academy.
NEW CDCU OPENS DOORS IN MICH.
BATTLE CREEK, Mich.-Founders of the newly chartered Inspire Community Development CU held a grand opening last Monday to celebrate the state's latest CDCU, Michigan's first new credit union in 25 years.
ROBBING CU A FAMILY AFFAIR
HAGERSTOWN, Md.-Two brothers were charged with robbing the same branch of Washington County Teachers FCU in Williamsport three weeks apart. Crus Maldonada, 18 was indicted by a federal grand jury last week for hitting the credit union on April 19, after his brother, Luis Maldonado, 26, was charged with robbing the same branch on May 11. The older brother was also among several suspects charged in a series of pharmacy holdups. The robbers stole $9,566 in the first incident and $5,507 in the second.