NEW LONDON, Conn. – A former Navy sailor on Wednesday was sentenced to two-and -a-half years in prison for robbing a Navy FCU branch near Naval Submarine Base New London on Sept. 4, 2012.

BROCKTON, Mass. – Crescent CU said it has absorbed the nation’s first postal credit union, Brockton Postal Employees CU, the latest postal credit union to be eliminated by merger.

DENVER – A lawyer for NCUA told a federal appeals panel this morning that billions of dollars in claims related to the corporate credit union bailout rely on whether the courts allow it to extend the nominal statute of limitations on securities claims until after it and the banking regulators take over failed institutions.

WASHINGTON – A member of the House Financial Services Committee introduced a bill this morning that would allow the 120 privately insured credit unions to join the Federal Home Loan Banks.

WASHINGTON – Freddie Mac reported a $4.6 billion profit for its fiscal first quarter this morning, its second highest ever and another sign of the recovering mortgage market.

SAN DIEGO – Mitek Systems, provider of popular remote deposit capture technology, reported a second quarter loss of $2.4 million, down slightly from $2.8 million loss for the second quarter last year, even as revenue almost tripled.

KINGSTON, N.Y. – Mid-Hudson Valley FCU, a former IBM employees’ credit union, said Paul Pavlovich is retiring after 37 years on its board.

CHICAGO – Alliant CU has signed with PolicyWorks for regulatory compliance help.

EUGENE, Ore. – SELCO Community CU has acquire a quarter ownership in Member Access Pacific, a CUSO that provides a Visa DPS debit, credit, ATM, prepaid and mobile processing platform.

HOUSTON – PrimeWay FCU has selected Data Foundry’s Texas 1 facility in Austin to be its disaster recovery site.

SYRACUSE, N.Y. – Empower FCU said it is saving $2,745 per month – or almost $33,000 per year – after exterior LED lighting upgrades at seven of its branches.

SAN LUIS OBISPO, Calif. – SESLOC FCU is planning to build a new, 9.5-acre office campus here, with hopes to open in the summer of 2014.

FLINT, Mich. – A former head teller at Security CU was sentenced to serve one day in custody and pay $70,000 in restitution for theft of cash from the credit union.

COLUMBIA, S.C. – A federal court here issued an order granting AllSouth FCU expedited discovery to serve subpoenas on third party Internet service providers and telephone companies in order to learn the identity of a group of fraudsters targeting the credit union and its members in phishing attacks.

MINNEAPOLIS – A prison parolee accused of being the "Man in Black" responsible for 13 credit union and bank robberies in 2011 admitted to the heists yesterday – as well as another 18—which he said he committed using a toy gun.

NOVI, Mich. – Vibe CU, known till recently as Telcom CU, has revamped its ATM fleet with new Opteva ATMs from Diebold and CO-OP Financial Services that offer the convenience of shared branching at the self-service channel.

CHARLOTTE, N.C. – Carolina Postal CU said Tom Puckett, its chairman emeritus and its first employee who originally operated the credit union out of the top drawer of his post office desk, died April 25 at 91.

CINCINNATI – Payments processor Vantiv reported $26.1 million in first quarter net income yesterday, compared to an $18.4-million loss for the first quarter of 2012, when costs associated with its initial public offering pushed it into the red.

LUTHERVILLE, Md. – First Financial FCU said Matthew Tress, one of its founders and the first CEO of the now $1-billion credit union, passed away April 27 at 98.

OLYMPIA, Wash. – Generations CU, in partnership with Thurston Energy, is buying down the interest rate on loans for qualifying home energy efficiency projects.