ASHWAUBENON, Wis. – Members of Pioneer CU have approved the merger of their $575-million credit union with Kimberly-based Capital CU, creating a $1.2-billion institution to be known as Capital Pioneer CU.

TAMPA, Fla. – Becoming member-centric is critical to a credit union not just surviving but growing.

NEW YORK – NCUA filed additional claims against underwriters of investments that led to the failure of the corporate credit unions, the latest one naming Morgan Stanley & Co. and eight other banks over $2.4 billion of faulty mortgage-backed securities sold to Southwest Corporate FCU and Members United Corporate FCUs.

WASHINGTON – The Treasury Department on Tuesday announced it has awarded 30 low-income credit unions more than $24 million in grants, among a total of $172 million awarded under this year’s round of the Community Development Financial Institutions program.

WASHINGTON – NCUA and the banking regulators on Tuesday issued a new directive saying if credit unions or banks suspect financial exploitation of one of their elderly members/customers they can report the suspected abuse without violating the consumer’s privacy under Gramm-Leach-Bliley.

WASHINGTON – The Treasury Department announced this afternoon it has awarded 30 low-income credit unions more than $24 million in grants among a total of $172 million awarded under this year’s round of the Community Development Financial Institutions program.

ASHWAUBENON, Wis. – Members of Pioneer CU have approved the merger of their $575 million credit union with Kimberly-based Capital CU, creating a $1.2 billion institution to be known as Capital Pioneer CU, with 25 branches in the Green Bay and Appleton areas.

NEW ORLEANS – A teller at ASI FCU was arrested Friday and later confessed to pocketing a member’s $11,000 cash deposit.

SAN JOSE, Calif. – Alliance CU has expanded its relationship with ShoreTel to deploy the company’s contact center solution.

MANSFIELD, Texas – Texas Trust CU contributed $225,000 to school districts in Grand Prairie, Mansfield, Cedar Hill and DeSoto with revenue earned on its Spirit Debit Reward card.

ROYAL OAK, Mich. – OUR CU announced that Tina Dix, executive vice president who has worked with the credit union since 1983, has been named president and CEO of the $210-million credit union.

BRIDGETON, Mo. – Vantage CU announced that Eric Acree, its executive vice president, has been named president and CEO of the $716-million credit union.

LAKE SUCCESS, N.Y. – Dealertrack, a provider of automotive collateral management, electronic lien and title as well as consumer finance-processing services to hundreds of credit unions, on Monday announced it has agreed to buy VINtek for $53.4 million in cash.

ANCHORAGE, Alaska – Alaska USA FCU has ordered extra cash for its 34 in-state branches, made special staffing arrangements at branches and the call center, and double-checked its online capacity in preparation for annual payment of dividends from the Alaska Permanent Fund, about $215 million of which is expected to flow into the credit union’s coffers.

LAS VEGAS – As the credit union mortgage business transitions from a refi market to a purchase market, CUs are having to make “hard decisions” about their sales staff.

LOS ANGELES – The new digital payments network being formed by credit unions is poised to choose a mobile platform and is seeking credit unions to invest in the project.

WICHITA, Kan. – NCUA Monday evening filed a civil suit against 13 international banks, including J.P. Morgan Chase, alleging violations of federal and state anti-trust laws by manipulation of interest rates through the London Interbank Offered Rate (LIBOR) system.

WICHITA, Kan. – The National Credit Union Administration this evening filed a civil suit against 13 international banks, including J.P. Morgan Chase, alleging violations of federal and state anti-trust laws by manipulation of interest rates through the London Interbank Offered Rate (LIBOR) system.

Mobile wallets are as much a threat as an opportunity to the credit union community. In an effort to fight back, One Nevada Credit Union is working with several experts on CU Wallet, a credit union-focused mobile payments system.

LAKE SUCCESS, N.Y.--Dealertrack, a provider of automotive collateral management, electronic lien and title as well as consumer finance-processing services to hundreds of credit unions, announced this afternoon it has agreed to buy VINtek for $53.4 million in cash.