OKLAHOMA CITY, Okla. – Police rushed to a local high school last week after an attempted armed robbery at Tinker FCU inside John Marshall High School and arrested a 16-year-old student at the school.

ALEXANDRIA, Va. – NCUA and the banking regulators proposed guidance today for credit unions and banks using Facebook, Twitter and other social media, which would ensure that users abide by proper consumer rules and regulations, and limit potential legal risks, among other things.

FORT WAYNE, Ind. – 3Rivers FCU announced this morning that Don Cates, its executive vice president for sales and lending, has been appointed president and CEO of the $740 million credit union.

SALEM, Ore. – The tax threat has already emerged for Oregon credit unions as a bill that would apply the state’s excise tax to some credit unions was introduced in the state legislature last week.

GRAND RAPIDS, Mich. – John Larson, a native of Chicago who served as CEO of Meijer CU from 1988 to 1998, died last week at 76.

SHREVEPORT, La. – Aneca FCU has signed with Geezeo to implement the company’s integrated, white-label personal financial management system.

BOSTON – The former president and lone employee at Adams Municipal Employees FCU last week was convicted of stealing $160,000 from the now-defunct credit union, which was located in the basement of city hall in this western Massachusetts hamlet.

FARMINGTON, Maine – Franklin-Somerset FCU announced that Karen Greenleaf, its vice president and accounting manager, has been appointed president and CEO of the $72-million credit union.

LEOMINSTER, Mass. – Just four months after being named president and CEO of Leominster CU, local banker Paul Gilbody resigned the credit union post Friday.

ARLINGTON, Va. – NAFCU last week called on NCUA to use any funds saved by a potential freeze on federal employee salaries this year, instead of waiting to consider the issue at a mid-year budget review.

NEW BERLIN, Wis. – NCUA on Friday said it approved the combination of Dodge Central CU into Landmark CU, giving the $2-billion credit union four additional branches.

ALEXANDRIA, Va. – NCUA on Friday reported it approved just 11 mergers for December, most of them eliminating more troubled credit unions.

CLEVELAND – Outside investors in The Cleveland International Fund are questioning the authority of E. Eddy Zai, the local financier who owns controlling interest in the business fund, to assign $21 million in projected monthly payments on four major downtown properties to pay restitution to NCUA for his role in the massive fraud at St. Paul Croatian FCU.

WASHINGTON – Fannie Mae and Freddie Mac announced last week they have approved National Mortgage Insurance Corp., a newly chartered private mortgage insurer formed by one-time executives at financially troubled PMI Group, as eligible to provide private mortgage insurance for loans they buy.

Attendees at the recent Consumer Electronics Show in Las Vegas had more than a look at a new ATM that syncs with smartphones; they likely glimpsed the next wave of ATM technology, experts are saying.

How big a game-changer is new technology that syncs a smartphone with an ATM? As big a breakthrough as iTunes and Apple PCs, according to several people.

Paper Explores Expense Management

The Consumer Financial Protection Bureau amended its latest rules to exempt small credit unions and banks that originate and service fewer than 5,000 mortgage loans, and while both CUNA and NAFCU are pleased with the amendment, CUs are still concerned about the new rule.

The Consumer Financial Protection Bureau's new rules for mortgage lenders reflect a belief that an overly restrictive rule would have been more harmful to consumers than no regulations.

Sallie Mae Reports Student Loans Up 22%