Money Rocks At Redstone's Electric Guitar Giveaway
HUNTSVILLE, Ala.-One lucky 12-year-old member of Redstone FCU won a new Les Paul electric guitar as the grand prize awarded by Redstone as part of a national credit union youth promotion.
The promotion was a part of CUNA's Money Rocks at my Credit Union campaign. Redstone's Money Rocks at Redstone campaign increased its number of youth accounts by 41% over the same time last year.
Members-ages 18 and younger-who either opened a new Redstone account or deposited $25 into an existing account were eligible to win one of four prizes that included three VISA gift cards and the Les Paul guitar and starter kit. Jasmine Jones, an existing member at the $3-billion credit union who had made a qualifying deposit, said she is very excited to win. Upon learning she was the winner, she asked her parents about guitar lessons.
Robber Tosses CU Loot Out Of Getaway Car
GAINESVILLE, Fla.-A man who just robbed a Campus USA branch here yesterday began throwing stolen cash out the window as he sped away in his getaway car on Interstate 75.
He was pulled over in Marion County about 30 minutes after the holdup, according to police.
The robbery occurred around 11 a.m. Minutes later, motorists on southbound Interstate 75 began calling police about a man throwing money from a car.
Police immediately closed the northbound lane of I-75 while deputies looked for money on the interstate.
Financial Plus Inks Deal With CO-OP Financial
FLINT, Mich.-Financial Plus FCU said it has signed with CO-OP Credit for credit card transaction processing, in addition to the debit/ATM processing already provided to the $370 million credit union by CO-OP Financial Services.
CO-OP Credit offers clients the simplicity and lower processing costs of a bundled debit and credit solution, CO-OP said. CO-OP Credit is an internal credit processing solution provided through a single connection to the host and delivered with the same CO-OP fraud, charge-back and credit union servicing processes used for debit and ATM program support.
"We are confident that by combining our debit, ATM and credit card processing programs into one vendor platform, it will provide added efficiency and cost savings," said Jill Reno, president of Financial Plus Federal Credit Union.
Title Insurance Portal Over iPhone Is Now On Tap
PHILADELPHIA-VINtek, a provider of automotive collateral management, electronic lien and title services, announced that its www.TitleMyCar.com consumer auto finance Web portal is now compatible with the Apple iPhone and iPad.
The company said its TitleMyCar website enables automotive financiers to reduce processing time and costs by electronically delivering documents to borrowers for their review and eSignature.
For consumers, the portal presents auto loan agreements, supporting documents and DMV forms, thereby alleviating the need to visit a branch of a lending institution.
By adapting www.TitleMyCar.com for use with iPhones and iPads, VINtek said financial institutions can expand their direct-to-consumer lending programs and provide borrowers with the ability to fulfill document requirements anytime, anywhere.
Navy FCU Expects To Add 300K Members This Year
VIENNA, Va.-Navy FCU, the nation's biggest credit union by far, is looking for new ports to conquer.
The $45 billion credit union, which added almost 250,000 new members last year, plans to top that this year with as many as 300,000 additions, according to top credit union brass. At the end of the first quarter Navy had 3.7 million members.
Navy FCU officials disclosed their projection last week while visiting Pensacola, where they plan to hire as many as 1,400 employees over the next three years to fill out their massive call center that already employs 1,700. The credit union giant is negotiating with 4-H Club to buy an additional 240 acres adjacent to its 64-acre Heritage Oaks project.
The credit union giant added 27 new branches last year, and now operates 214 branches worldwide. This year's plans call for the additional of nine more and renovations for eight.
Two San Francisco CUs To Acquire Small, Troubled CUs
SAN FRANCISCO-Two healthy San Francisco credit unions have applied to state regulators to acquire ailing 1st Choice FCU and Pacifica-Coastside CU.
Castro Valley-based 1st Choice FCU has $8 million in assets and lost $307,000 in the first quarter as its net worth declined to 4.3%. 1st Choice FCU will merge into SF Police Credit Union.
Pacifica-Coastside is based in Pacifica and is a one-time $3-million credit union that had $1.6 million in assets and small losses in each of the last five reporting periods. It would merge into San Francisco Fire CU.
SF Police CU has $660 million in assets and had $1.3 million in net income in the first quarter. San Francisco Fire is privately insured and had $692 million in assets and had a $1 million first quarter net.
Spirit Of Alaska FCU Adds New Branch
FAIRBANKS, Alaska-Spirit of Alaska FCU opened its newest branch along the Johansen Expressway.
The state-of-the-art branch includes energy-efficient construction, a solar array, a lounge area with free Wi-Fi, a fireplace and a two-story waterfall. A large conference room and safe-deposit boxes are available.
Spirit of Alaska FCU was chartered in 1960 for school employees north of the Alaska Range, and currently includes eligibility for everyone in the Fairbanks North Star Borough. In 2007 it changed its name from Northern Schools Federal Credit Union to reflect its broader membership and Interior Alaska roots.
Global CU Adds FMSI's Teller Management
SPOKANE, Wash.-Global CU has deployed Financial Management Solutions Inc.'s Teller Management System at its 13 branches.
TMS said its reporting and scheduling information gives Global the critical insight required to put the right number of tellers at the right branch at the right time
FMSI is based in Alpharetta, Ga.
Intuit Offers Mobile Bank Application For Android
MOUNTAIN VIEW, Calif.-Intuit Financial Services has introduced a mobile banking application Intuit said makes it easier for Android smartphone users to manage finances from their mobile devices.
The application uses the Android's built-in features to help credit union members and bank customers view account balances and account transaction history; transfer funds between eligible accounts; pay bills on the spot; and locate nearby ATMs and branches using the phone's GPS capabilities.
Intuit Financial Services' newest mobile applications are available from both the Android Market (market.android.com) and the App Store for iPhone, iPad and iPod Touch (www.itunes.com/appstore/).