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NEW YORK NCUA has asked a federal bankruptcy court in the huge Residential Capital Chapter 11 bankruptcy to expedite more than $300 million of claims related to the 2009 collapse of WesCorp FCU, one of dozens of investors in mortgage-backed securities issued by the one-time subprime mortgage subsidiary of GMAC.
February 20 -
DOWNEY, Calif. Financial Partners CU has launched its social media presence on Facebook (facebook.com/FPCUca) and Twitter (twitter.com/FP_CU).
February 19 -
BEAVERTON, Ore. Rivermark Community CU has installed Integrated Media Managements workflow management application.
February 19 -
FRANKFORT, Ky. Commonwealth CU has contracted with INVEST Financial Corp. to provide its members with brokerage and investment services.
February 19 -
RYE, N.Y. USAlliance FCU is now offering DigitalMailers My Virtual StrongBox electronic safety deposit boxes.
February 19 -
KANSAS CITY, Mo. A recidivist bank robber convicted in November of four armed robberies, including three at area credit unions, yesterday was sentenced to 95 years in prison.
February 19 -
DETROIT The Michigan Office of Financial and Insurance Regulation yesterday shut down and liquidated Amez United CU, a credit union with just $169,000 in assets and serving 158 members churches in the Detroit district of the Michigan Conference of the African Methodist Episcopal Zion Church.
February 19 -
CHARLES CITY, Iowa Iowa state regulators on Tuesday notified disgruntled members of Family Community CU that their vote at Saturdays annual meeting to remove the board and suspend the credit unions CEO was invalid, ruling that the rare board ouster vote was not conducted properly.
February 19 -
GRAND RAPIDS, Mich. A retired Grand Rapids police captain was greeted by the Michigan CU Leagues Prize Squad with a $10,000 check this morning, as one of 10 of this weeks grand prize winners of the Save to Win savings sweepstakes.
February 19 -
KEARNEY, Neb. An Eaton Corp. retiree and his wife were named winners of the Nebraska CU Leagues first Save to Win savings sweepstakes, a $25,000 grand prize.
February 19 -
BRAINTREE, Mass. Liberty Bay CU, the ailing one-time telephone workers credit union that moved from downtown Boston to the suburbs three years ago, has hired Ed Lopes, the head of Grafton Suburban CU, as new president and CEO of the $625 million credit union.
February 19 -
LATHAM, N.Y. Sunmark FCU said this morning it signed with Elan Financial Services to offer a full suite of Visa card products with newly enhanced bonus rewards options, including cash back, merchandise, gift certificates as well as travel rewards to its 45,000 members.
February 19 -
ONTARIO, Calif. As expected, the membership of the CURoots Cooperative on Friday approved the transfer of the ownership of CURoots to the California League Services Corporation.
February 18 -
LIVE OAK, Texas Randolph-Brooks FCU presented a giant check for $150,000 to create the Randy M. Smith Endowed Scholarship at the Alamo Colleges, named for the recently retired president of the $5-billion credit union.
February 18 -
MOOSE LAKE, Minn. Lake Street FCU has signed with eDOC Innovations to implement the companys CheckLogic Mobile and CheckLogic Lite.
February 18 -
TULSA, Okla. Three men who authorities say were members of the Hoover Crips gang on Friday were found guilty of a series of violent armed robberies, including last Septembers holdup at Tulsa Municipal Employees FCU when $164,000 was stolen.
February 18 -
VACAVILLE, Calif. Travis CU has launched a Facebook contest that encourages people to visit and like the credit unions Facebook page for a chance to win weekly prizes, as well as a chance to win a $10,000 cash prize.
February 18 -
ROCKY HILL, Conn. Nutmeg State FCU rolled out its new mobile branch during last weeks massive snowstorm that buried the state in more than two feet of snow.
February 18 -
JACKSONVILLE, Fla. Lender Processing Services has reached an agreement with the Justice Department to pay $35 million to settle charges it participated in a six-year scheme to prepare and file more than 1 million fraudulently signed and notarized mortgage-related documents with property recorders offices throughout the U.S.
February 18 -
BUFFALO, N.Y. Three more credit unions were sued in federal court Friday by a New York patent holder that claims they are infringing on patents relating to their processing of transactions through their ATMs, the latest in a growing list of credit unions targeted by patent claims.
February 18