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LOS ANGELES In a ruling that could severely hamper NCUAs recovery efforts in the corporate credit union bailout, a federal court yesterday tentatively dismissed some of NCUAs $491 million of claims against Goldman Sachs & Co. on the grounds that they were filed too late.
March 15 -
FORSYTH, Mo. A convicted credit union robber serving a 14-year-prsion sentence this week was charged with an unsolved murder that occurred 10 years ago.
March 14 -
WEST JORDAN, Utah Mountain America CU awarded a total of $14,000 in grants to three local high schools during its inaugural DECA Financial Literacy Challenge.
March 14 -
SPOKANE, Wash. Numerica CU plans to open two new branches by the end of next year, including one this year in the two-story former First National Bank Building downtown.
March 14 -
HAMPTON ROADS, Va. Langley FCU yesterday said it signed with Mortgage Cadence LLC to implement the companys Symphony platform to support the credit unions rapidly expanding mortgage program.
March 14 -
WASHINGTON Mortgage rates climbed this week to their highest levels since last August, as stronger-than-expected employment growth drove up yields for the government securities that guide home loans, according to Freddie Mac.
March 14 -
TOPEKA, Kan. A local businessman on Thursday pleaded guilty to writing more than 5,000 insufficient funds checks in a check kiting scheme that defrauded Educational CU and two Topeka banks.
March 14 -
JACKSONVILLE, Fla. FIS on Thursday said it has completed the acquisition of mobile banking pioneer mFoundry.
March 14 -
WASHINGTON -- The Consumer Financial Protection Bureau proposed a rule today that would give it supervisory authority over certain nonbank student loan servicers, but a special carve-out will exempt all credit unions and student loans CUSOs.
March 14 -
ALEXANDRIA, Va. The NCUA Board voted in closed meeting this morning to approve the combination of Alloya Corporate FCU with Michigans CenCorp CU, with the latest corporate merger creating one of the nation's largest corporates with more than $3 billion in assets.
March 14 -
SAN FRANCISCO Better Branches Technology introduced a new way to measure lobby and teller interactions this morning that records every branch visit in real time, instead of by measuring transactions.
March 14 -
ALEXANDRIA, Va. The NCUA Board approved a sprawling four-county charter this morning for CinFed FCU, which failed in its earlier bid for a much larger eight-county, three-state FOM covering more than two million people.
March 14 -
WILLISTON, Vt. New England FCU contributed a check for $26,453, representing funds raised during the credit unions annual Big Change Roundup, to Vermont Childrens Hospital.
March 13 -
POWELL, Wyo. A Utah man who pleaded guilty to holding up credit unions and banks in four states after being arrested in North Dakota was sentenced to more than nine years in federal prison.
March 13 -
OLYMPIA, Wash. State regulators said state chartered credit unions may establish an audit committee and substitute it for the mandated supervisory committee as long as it encompasses the same oversight functions as the traditional supervisory panel.
March 13 -
GARDENA, Calif. Nikkei CU has converted to Share Ones NewSolutions data processing system.
March 13 -
FARMINGTON, Mich. Chiropractic FCU has received approval from NCUA to expand into Michigan and serve chiropractors there.
March 13 -
BIRMINGHAM, Ala. A federal judge on Wednesday continued the sentencing hearing for one of two robbers in the 2008 armed holdup of $106,950 from Fort McClellan CU in Jacksonville, Fla.
March 13 -
SACRAMENTO, Calif. The California state Senate unanimously confirmed Teveia Barnes as commissioner of the state Department of Financial Institutions, an agency that regulates more than 300 state chartered credit unions and banks.
March 13 -
WASHINGTON A petition calling on the White House to include commitment to cooperative principles among the criteria used when nominating someone for the NCUA Board has now gathered approximately 4,000 signatures.
March 13