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HONOLULU Aloha Pacific FCU has appointed Vince Otsuka, its senior vice president of lending who was serving as interim chief, as president and chief executive officer of the $750 million-asset credit union.
October 17 -
CANTON, Ohio The Stark Metropolitan Housing Authority has filed a complaint in state court here seeking to evict SMHA FCU, after the tiny credit union it chartered in 2001 refused to start paying rent and other expenses the local agency was ordered by the U.S. Department of Housing and Urban Development to repay.
October 17 -
BETHESDA, Md. National Institutes of Health FCU said it generated $500,000 in new auto loan applications and $1 million in mortgage applications in 30 days using Micronotes cross-selling technology.
October 16 -
DURHAM, N.C. -- The venture capital arm of Self-Help CU plans to break ground next month on a $12 million grocery store/office project at a former city-owned parking lot property that will help anchor a redevelopment of the citys Kent Corner neighborhood.
October 16 -
WASHINGTON The Consumer Financial Protection Bureau says students are being harmed by the practices of the major student loan servicers.
October 16 -
AUSTIN, Texas The Texas CU Division reminded CUs that they may not deplete the value of an inactive account by any means, including the imposition of a service charge.
October 16 -
CHANTILLY, Va. The government shutdown may be over, but Justice FCU executives say the slow process of re-starting the government and getting payroll going again means that federal employees will be feeling the impact for a while longer.
October 16 -
FAIRBORN, Ohio—Seven credit unions have joined the myCUmortgage CUSO: Rocky Mountain CU, Helena, Mont.; ELGA CU, Burton, Mich.; United Southeast FCU, Bristol, Tenn.; Lormet Community FCU, Amherst, Ohio; Premier CU, Palatine, Ill.; KBR CU, Tacoma, Wash., and Sharefax CU, Batavia, Ohio. The CUSO is owned by Wright-Patt CU, Fairborn, Ohio.
October 16 -
NEW YORK Space Coast CU agreed last week to dismiss its lawsuit against Barclays Capital and State Street Corp. claiming that Barclays packed a collateralized debt obligation, or CDO, it sold to Eastern Financial Florida CU with junk, hastening the demise of the one-time $2.4 billion credit union--the biggest natural person CU failure ever.
October 16 -
BALTIMOREMunicipal Employees CU of Baltimore has moved one step closer to acquiring Baltimore-based Advance Bank, as NCUA yesterday approved the deal.
October 16 -
DULUTH, Ga. Georgia United CU has selected CetoLogics new branch and ATM cash management solution, C3 Financial.
October 15 -
PLANO, Texas Catalyst Corporate FCU will provide credit unions with cloud computing and other IT outsourcing solutions with Catalyst Cloud Computing (C3) platform, powered by Compushare.
October 15 -
TALLAHASSEE, Fla. State regulators have awarded Peoples CU a broad community charter expansion covering almost 3 million residents in greater Miami.
October 15 -
LANSING, Mich. The Brighton Township Planning Commission on Monday night signed off on a site plan for Lake Trust CUs new 100,000-square-foot office project, which would be one of the biggest credit union builds in the country.
October 15 -
LEMMON, S.D. CUs are stepping up to assist cattle ranchers who face very difficult if not uncertain futures following the massive snow storm that hit the Dakotas earlier this month, killing thousands of livestock.
October 15 -
RALEIGH, N.C. State Employees CU said 1,100 members attended its annual meeting Oct. 9 at the Koury Convention Center in Greensboro.
October 15 -
DENVER NCUA told a federal appeals panel a lower court ruling invalidating provisions of its purchase and assumption agreement with Security Service FCU in the 2007 failure of New Horizons Community FCU could threaten all assisted-merger deals past and future if allowed to stand.
October 15 -
WASHINGTON Bank-Fund Staff FCU, the credit union for the World Bank, announced this afternoon that it will hire Eli Vasquez, chief financial officer at American Airlines FCU, as president and CEO of the $3.6 billion credit union.
October 15 -
ALEXANDRIA, Va. New NCUA Board member Rick Metsger vowed that credit unions can expect him to exercise an independent judgment on the three-person panel, even though he has been on the board a little over a month and just moved to Washington from his native Oregon.
October 15 -
GREENEVILLE, Tenn. Police say ATMs at Consumer CU and First Tennessee Bank were vandalized last week with super glue in what may have been a scheme to obtain debit cards and account information.
October 14
