ALEXANDRIA, Va. – Credit unions are calling on NCUA to make major changes to its financial derivatives proposal by expanding the authorized derivatives they may purchase; establishing provisions for clearing derivatives on an exchange; setting higher limits on average life of an instrument; and most of all, eliminating fees to be charged for examining credit unions who elect to buy derivatives.

WASHINGTON – Sen. Richard Durbin, the architect of the controversial cap on debit fees, hailed yesterday’s court ruling striking down the Fed’s 2011 cap, saying the ruling will be good for consumers as it is expected to result in even lower debit fees charged to merchants.

NORTH AUGUSTA, S.C. – SRP FCU has signed with NB Risk Partners, recently acquired by NeighborBench, for compliance risk management services.

LAKE JACKSON, Texas – TDECU has deployed job candidate assessment tools from Rise Performance Group in its insurance and investment divisions, for its hiring, internal promotion and transfer decisions.

JACKSONVILLE, Fla. – A member of Navy FCU opened 31 different accounts at the credit union online and by phone, which he allegedly then used to engineer a scheme that siphoned $63,000 from ATMs.

SOUTH BEND, Ind. – Notre Dame FCU has paid off the $15,000 outstanding on the student loan for one college student member as part of its Student Loan Payoff Sweepstakes.

ALEXANDRIA, Va. – NCUA on Wednesday banned a former real estate appraiser used by Deere Harvester CU for filing false appraisals to allow members to refinance their home loans with the Davenport, Iowa credit union.

WEST JORDAN, Utah – Mountain America CU has introduced person-to-person payments powered by PayPal.

MT. PROSPECT, Ill. – New research found a trend toward more coin processing automation for mid- and large-size credit unions.

BOSTON – LPL Financial Holdings, the largest U.S. independent brokerage network, reported second-quarter profit jumped 14% to $45.1 million on increased revenue from commissions and advisory services.

HOUSTON – Cardtronics reported a 58% increase in second quarter earnings to $15.6 million, fueled by 8% growth in revenue.

PURCHASE, N.Y. – MasterCard shares swung wildly yesterday, first up after the company reported a 21% surge in second quarter earnings, then down after a federal court told the Federal Reserve to cut debit fees under the Durbin amendment even more.

SUITLAND, Md. – Andrews FCU announced that Jim Hayes, its interim CEO since October, was named permanent president and CEO of the $985 million credit union located halfway between Baltimore and Washington.

ALEXANDRIA, Va. – Pentagon FCU said it will start charging a $1 a month fee tomorrow for members who continue to pay their credit card bills by paper, as well as increase the year-old fee it charges for receiving consolidated account statements by paper to $1 from 50 cents a month.

WASHINGTON – The credit union lobby is predicting this morning’s court ruling striking down the Durbin amendment’s swipe fee caps could have dire consequences for credit unions and banks.

WASHINGTON -- A federal judge this morning struck down the new limits on swipe fees for debit cards, ruling that the Federal Reserve had flouted Congress's intent when it set the cap.

TOWSON, Md. – In one of the biggest naming rights deal for a credit union, State Employees CU has agreed to pay $475,000 annually for ten years to have nearby Towson University, the second largest university in the state system, to rename its new 5,200-seat Tiger Arena the SECU Arena.

Duluth, Ga. – NCR Corp. reported a 15% drop in second quarter net income to $86 million, even as second quarter revenue rose 9% to $1.5 billion.

JACKSONVILLE, Fla. – FIS, formerly Fidelity National Information, reported a 30% decline in second quarter profits to $104.8 million, as a result of debt restructuring and costs related to a 2010 acquisition of Capco, the company’s global consulting business.

BROOKFIELD, Wis. – Fiserv reported a 6% decline in second quarter profits, as it experienced high cost of processing and services and increased income tax expense.