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ALEXANDRIA, Va. NCUA this afternoon banned from credit unions Robert Liddle, the former chief of member business lending at Yuma, Arizonas AEA FCU for engineering a $60 million MBL fraud that almost sunk the one-time $410 million credit union.
January 31 -
HARRISBURG, Penn. The Pennsylvania CU Association announced this morning that Jim McCormack, its long-time president and CEO, is retiring at year-end.
January 31 -
JACKSONVILLE, Fla. In the latest of a new flurry of deal-making, FIS announced this morning it has agreed to acquire the 78% it doesnt own of mFoundry, one of the first providers of mobile technology for credit unions and banks, for $120 million in cash.
January 31 -
NEW YORK ACI Worldwide, which acquired back-office service provider S1 Corp. last year, has agreed to purchase Online Resources Corp. in an all-cash deal valued at $126.6 million, the two companies announced this morning.
January 31 -
LOUISVILLE, Ky. A man and his wife plan to plead guilty to robbing seven area credit unions and banks in 2011, according to police.
January 30 -
SEATTLE Verity CU kicked off its second Cartwheel for a Cause contest by inviting anyone in Washington state 18 years or older to submit a short video to win $5,000 for the cause of their choice and $1,000 for him or her.
January 30 -
LAMESA, Texas Caprock FCU said it signed with SIGNiX to use the companys digital signature service for online signatures.
January 30 -
WOODBURY, Minn. Postal CU has signed with CRIF Lending Solutions to provide members with immediate decisioning on their loan requests, which will enable the majority of members who apply for a loan to receive a decision on their request in as little as 60 seconds.
January 30 -
BEAR, Del. Community Powered FCU announced the opening of its new office and headquarters building here.
January 30 -
ROCHESTER, N.Y. ESL FCU paid a dividend to members totaling $7.25 million this month.
January 30 -
SAN ANTONIO A former vice president and chief loan officer at Southside CU on Tuesday pleaded guilty to falsifying the institutions books to hide non-payments on a local car dealers $1.4 million line of credit with the credit union.
January 30 -
WASHINGTON The Competitive Enterprise Institute and the 60 Plus Association on Wednesday called on the Senate to delay the confirmation proceedings for Richard Cordray, director of the Consumer Financial Protection Bureau, until the implications of last weeks federal court ruling invalidating recess appointments similar to Cordrays are better understood.
January 30 -
WEST ORANGE, N.J. The non-profit Kessler Foundation yesterday awarded a $484,452 Signature Employment Grant to the National Disability Institute in Washington, D.C., to fund a program that will train disabled people to work in credit unions.
January 30 -
RALEIGH, N.C. State Employees CU, one of just three credit unions restricted by enactment of the Durbin amendment, said the provision limiting fees on debit transactions cost it about $40 million in lost revenue in 2012.
January 30 -
LONG ISLAND CITY, N.Y.United Nations FCU said this afternoon its UNFCU Financial Services LLC, CUSO has acquired Industrial Coverage Corp, a privately-held, full service commercial and personal insurance agency located in nearby Patchogue, Long Island.
January 30 -
RANCHO CUCAMONGA, Calif. -- CO-OP Financial Services announced this morning it is introducing CO-OP Sprig, a multi-institution virtual credit union branch giving members the ability to make person-to-person payments and aggregate their accounts in a single portal.
January 30 -
ANCHORAGE Prominent real estate developer Lee Baker, Jr., known locally as The Condo King, was sentenced yesterday to three years behind bars for a lying to Denali Alaskan FCU to obtain as much as $9.4 million in member business loans to finance a condominium development.
January 30 -
CHANTILLY, Va. Justice (Department) FCU has spread its wings from this Washington suburb and opened two Georgia branches, after acquiring Georgia Department of Public Safety CU.
January 29 -
WICHITA, Kan. Catholic Family FCU hired Michael Taylor, executive vice president and operations manager at Northwest United FCU, a Catholic credit union based in Arvada, Colo., as president and CEO of the $27-million faith-based credit union.
January 29 -
FENTON, Mo. Alliance CU said its CEO Dennis Sommer is retiring March 1, after 28 years heading the now $200-million credit union.
January 29