SAN BERNARDINO, Calif. – Two members of Arrowhead Central CU were charged in a fraudulent loan scheme in which they borrowed as much as $240,000 from several area credit unions, then claimed identity theft to avoid paying back the loans.

SAN BERNARDINO, Calif. – NCUA on Friday reported Arrowhead Central CU, a one-time $1.1-billion credit union taken under conservatorship in June 2010, continues to rebound, earning net income of almost $7.3 million for the fourth quarter and $25.5 million for all of 2012.

ALBANY, N.Y. – Two members of CapCom FCU are headed to next week’s Super Bowl in New Orleans as winners of this year’s VISA sweepstakes promotion.

WASHINGTON – Republican lawmakers, emboldened by Friday’s court ruling overturning President Obama’s recess appointments, are renewing their efforts to change the structure of the nascent Consumer Financial Protection Bureau.

LAS VEGAS – Ailing Silver State Schools CU reported it broke into the black for the fourth quarter to the tune of $961,000, helping cut losses for the full year to just $670,000, down from loss of $8.4 million in 2011.

WASHINGTON—Today’s ruling by a federal court invalidating several presidential appointments could threaten last year’s recess appointment of Richard Cordray to head the Consumer Financial Protection Bureau, according to Republican leaders who brought the challenge.

BOSTON – The Federal Home Loan Bank of Boston announced this morning it has awarded a $400,000 grant to Coventry CU to help developers build a 40-unit affordable housing project in Coventry, R.I., one of 48 grants awarded by the FHLB.

PHILADELPHIA – The CEO of a small community development credit union was sentenced yesterday to 90 months in federal prison for embezzling more than $2.3 million, which led to the CDCU’s 2011 failure.

ST. PAUL, Minn. – Check printer Deluxe Corp. said continued growth in its small business services fueled a 7% rise in net income for the fourth quarter.

NORTH CANTON, Ohio – Diebold on Thursday said its chief executive and president, Thomas Swidarski, resigned under pressure from the board amid poor financial performance.

PROVO, Utah – Provo Postal CU has selected Sharetec’s core processing system.

PITTSBURGH – The former manager of now-defunct Lawrence County School Employees FCU was sentenced to 15 months in federal prison and ordered to repay nearly $223,000 she embezzled over a five-year period.

OGDEN, Utah – Goldenwest FCU reported a record year in 2012 for net income, loans and membership.

BETHPAGE, N.Y. – Bethpage FCU, New York’s largest credit union, reported a 38% increase in net income for 2012, to $57 million, as its assets topped $5 billion for the first time.

FARMINGTON HILLS, Mich. – Community Choice CU said it selected Simons Michelson Zieve as its advertising and marketing agency of record.

MOLINE, Ill. – IH Mississippi Valley CU has created a new saving program that helps members save while they make payments on their car loans.

SAN JOSE, Calif. – Technology CU on Thursday announced it now offers super jumbo loans up to $8 million on adjustable-rate mortgages and $3 million on fixed-rate mortgages.

AMES, Iowa – A member of Greater Iowa CU was charged with theft yesterday for allegedly writing almost $60,000 worth of checks on an account that had just $7 in it.

WASHINGTON – President Obama’s nomination of recess appointee Richard Cordray this afternoon to a full five-year as director of the Consumer Financial Protection Bureau is expected to rekindle the battle over creation of the new consumer agency, which was heatedly opposed by Republicans in Congress.

RICHARDSON, Texas -- NCUA said this morning that Texans CU, the one-time $2.2 billion credit union it has run under conservatorship since April 2011, broke into the black for 2012 to the tune of $24.2 million.