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LANCASTER, S.C. Founders FCU, which has rewarded members with as much as $10 million in year-end bonus dividends in recent years, announced it is converting the annual member payout to a loyalty reward.
September 5 -
NEW ORLEANS A federal appeals court this week overturned a lower court ruling and remanded an appeal by four credit unions and three banks who sued Heartland Payments System for a massive 2008 data breach that exposed millions of credit union and bank cardholders to fraudulent transactions.
September 5 -
ALEXANDRIA, Va. NCUA is warning credit unions about advertising that anyone can join, without limitation, saying such an offer may be in violation of laws and regulations.
September 5 -
WATSONVILLE, Calif. Police found hand written notes demanding cash and clothing believed worn during six area armed robberies by a woman on trial for being the Central Coast Bandit.
September 4 -
HONOLULU University of Hawaii FCU said Farouk Wang, a director at the $550-million credit union for more than 30 years and longtime member of the board at CUNA Mutual, died last weekend at 70.
September 4 -
NEW YORK Melrose CU has purchased StrikeForce's ProtectID Two-Factor Out-of-Band Authentication technology to protect its corporate network from cyber attacks.
September 4 -
MANCHESTER, N.H. Granite State CU has deployed Financial Management Solutions Inc.s Teller Management System for staff scheduling.
September 4 -
RAPID CITY, S.D. Black Hills FCU deployed Corillian Online and Mobiliti from Fiserv, along with several complementary solutions, as part of an overhaul of its digital brand.
September 4 -
MADISON, Wis. The National CU Foundation announced that Gary Oakland, longtime CEO at BECU, the former Boeing Employees CU, and a leading advocate for state chartered credit unions, is one of three winners of the 2014 Herb Wegner Memorial Award for Lifetime Achievement.
September 4 -
HONOLULU City Councilwoman Ann Kobayashi has agreed to pay a $500 ethics fine for not disclosing her role as a director for six CUSOs of Aloha Pacific FCU when she introduced and voted for a bill that could have lowered the property taxes of credit unions.
September 4 -
RANCHO CUCAMONGA, Calif. The California/Nevada CU Leagues have signed with Digital Benefits Marketplace to offer a private benefits exchange option for their credit unions looking for a solution to the Affordable Health Care Act, known as Obamacare.
September 4 -
BALTIMOREFive men, including the 48-year-old planner and his 20-year-old son who drove the getaway car, pleaded guilty to a June 2012 hold-up of an armored truck at Navy FCU when $220,000 was stolen in metro Washington, D.C.
September 4 -
DURHAM, N.C. The City Council approved a project by Self-Help CU that will bring a cooperative grocery and other businesses to the underserved neighborhood of West Chapel Hill Street.
September 4 -
WICHITA, Kan. A federal court yesterday dismissed almost $2 billion of civil claims NCUA filed against JP Morgan Chase for the sale of mortgage-backed securities sold by Washington Mutual Bank to U.S. Central FCU, WesCorp FCU and Southwest Corporate FCU, the latest in a string of dismissals issued by the court in the credit union regulators efforts to recoup losses for the corporate credit union bailout.
September 4 -
TAMPA, Fla. Card Services For CUs announced this morning it has expanded its mobile banking portfolio to include Monitise's Bank Anywhere and will offer Monitise's mobile banking services to its 2,600 member credit unions.
September 4 -
An item in the Sept. 3 issue of Credit Union Journal's Daily News Update had a mistake regarding management of Sierra Central Credit Union in Yuba City, Calif. John Cassidy remains CEO of Sierra Central, while former COO Ron Sweeney now is president.
September 3 -
BETTENDORF, Iowa Ascentra CU has named Dale Owen, its acting CEO since the May death of longtime head Paul Lensmeyer, as president and CEO of the $300-million credit union.
September 3 -
LINTHICUM, Md. State Employees CU of Maryland yesterday said it contracted with CU Realty Services to provide members a full range of home-buying services.
September 3 -
HADLEY, Mass. UMassFive College FCU has extended its relationship with Fiserv and signed to implement the companys account processing and mobile financial services.
September 3 -
PEORIA, Ill. Members Choice CU said it will integrate Geezeos personal financial management product into its online banking platform.
September 3