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PSECU Gets OK To Expand

HARRISBURG, Pa.-The state Department of Banking said it has approved a request from Pennsylvania State Employees CU, the state's largest credit union, to eliminate two exclusionary clauses from its field of membership (FOM). The two clauses prevented the $2.1- billion credit union from serving employees of local districts or local governments who are already being served by a credit union. "This provides us with a lot of new opportunities," Joan Mallgrave, vice president of marketing, told The Credit Union Journal.

Alleged Check Forger Is Nabbed

MIDLAND, Mich.-A man believed to be one of the leaders of a ring forging checks at credit unions and banks throughout the midwest was charged last week on a warrant for skipping out on a counterfeiting trial last year.

Tony Mack was arrested along with four other suspects last week trying to cash $40,000 in counterfeit payroll checks on Gratiot County CU and First Bank of Alma. Mack posted bail a year ago but skipped bail and has been leading teams of people around the country cashing more than $1 million of phony payroll checks made on home computers, authorities said. Police hope the arrests of Mack and his accomplices can help lead them to other suspects in the case.

Mack recruited people to use their real identities and open accounts at local credit unions and banks. He was first caught a year ago in Frankenmuth. Once he posted bail, he skipped town, never showing up for his trial.

During a year's time, he was arrested in North Carolina and Ohio for cashing tens of thousands of dollars in bad checks.

Gunmen Hide In Halloween Masks

PEMBROKE PINES, Fla.-Gunmen toting silver pistols and wearing Halloween masks burst into the Eastern Financial Florida CU branch last week and ordered employees and members to the floor before rifling through the teller drawers and making off with an undetermined amount of cash.

The hold-up occurred around 9:45 am when a blue 1997 Nissan Altima pulled up in front of the branch office and the two masked bandits got out while the driver waited. The abandoned getaway car was found running a block from the site in a McDonald's parking lot. Police said the car was stolen from a nearby auto dealership.

Fiserv Settles With E*TRADE

BROOKFIELD, Wis.-Fiserve Inc. said Monday it has agreed to accept $23 million from E*TRADE Securities Inc. to settle litigation between the two companies. Fiserv claimed E*TRADE refused to accept delivery of a $27- million bond in violation of a contract with Fiserv Securities. The net carrying value of the bond was $23.9 million. The settlement will have no material impact on Fiserv's second quarter earnings, the company said.

Technology CU Picks SecoScorpio

SAN JOSE, Calif.-Technology CU said it signed with Secos Corp. to implement the company's SecoScorpio cyber security solution for its online network.

The system is a fully integrated, out-of-the-box intrusion detection appliance that can be installed and deployed within minutes.

The system has the capability to identify security threats and prevent potential security breaches by blocking unauthorized network traffic before any damages can occur.

Justice FCU Selects Redbard

WASHINGTON-Justice FCU said it has signed with Redbeard Communications, of Hollister, Calif., to design a new web site reflecting its expanded membership base. Redbeard has already developed marketing materials for the $300 million credit union's national checking account campaign, including direct mail pieces, posters and in-branch displays. Founded in 1935 to serve employees of the U.S. Department of Justice, the credit union has expanded in recent years and has branches in six states, as well as D.C.

Digital Insight, Tax Firm In Deal

CALABASAS, Calif.-Internet services provider Digital Insight Corp. said it has signed with Ceridian Corp. to offer the company's TAXTEL Direct electronic tax filing service to its clients for their small business customers. DI credit union and bank clients will be able to offer the services in conjunction with the company's AXIS Cash Management software.

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