WATERTOWN, Conn. – Greater Watertown FCU has hired John Klimas, vice president of lending at STCU CU in Springfield, Mass., as president and CEO of the $20-million credit union.

POUGHKEEPSIE, N.Y. – TEG FCU has chosen Connect Financial Software Solutions online, mobile P2P and PFM solutions in a multi-year contract.

DALLAS – Corner Stone CU has signed with SIGNiX to implement the company’s digital signature system, allowing members to sign documents from any computer or mobile device that has an Internet connection.

WYANDOTTE, Mich. – Wyandotte FCU, a $90-million credit union that serves 110 select groups, has converted to a community charter and changed its name to NuPath Community CU.

CLEVELAND – A federal judge on Thursday sentenced a 42-year-old Cleveland accountant to 37 months in prison and ordered him to repay $1.7 million for his role in the 2010 collapse of St. Paul Croatian FCU, the biggest credit union fraud ever.

MIDDLETOWN, Ohio – MidUSA CU has signed with eDOC Innovations to implement the company’s DOCLogic core image processing suite, including CheckLogic for branch check image capture processing.

WASHINGTON – Home loan rates moved slightly again this week, reaching the highest level in eight weeks, according to Freddie Mac.

OLYMPIA, Wash. – A new 22-page report authored by consultant Marvin Umholtz closely profiles Oregon CUs, comparing them to community banks and saying there is little difference, and in the process raises the issue of CU taxation.

ATLANTA – Equifax said its IXI Services has rolled out an online advertising measurement tool that enables advertisers to better evaluate who is actually viewing and responding to their ads.

LANSING, Mich. – Two area credit unions say they each lost more than $1 million after they were misled into investing in a scheme to provide loans to the “life settlement” market, the secondary market for loans collateralized by life insurance policies.

WASHINGTON – The new House Financial Services Committee Chairman, an ardent opponent of the Consumer Financial Protection Bureau, questioned the legality of the fledgling agency this afternoon, even while promising Congressional review of new mortgage rules issued by the agency this morning.

ALEXANDRIA, Va. – The NCUA Board this morning approved a rule broadening the definition of “small credit union” from $10 million to $50 million, thereby exempting an additional 2,400 credit unions from the agency’s rules on risk-based capital and interest-rate risk.

WASHINGTON – The Consumer Financial Protection Bureau set new rules this morning that will require credit unions, banks and other mortgage lenders to determine a borrower’s ability to repay their loans before approving a mortgage.

JANESVILLE, Wis. – Parker Community CU converted to Share One’s NewSolutions core processing system at the end of 2012.

PORTLAND, Ore. – Tyfone, a provider of mobile banking solutions, said it has signed with Cachet Financial Solutions to offer its credit union and bank customers Cachet’s mobile remote deposit capture

CEDAR RAPIDS, Iowa. – Linn Area CU has signed with Geezeo to implement the company’s personal financial management system.

PUEBLO, Colo. – Minnequa Works CU has contracted with Hyland Software to implement the company’s OnBase workflow and enterprise content management solution.

SCHAUMBURG, Ill. – Motorola Employees CU paid its members a special patronage dividend of $750,000 on Dec. 31.

BOSTON – CUMIS Insurance Society last week filed suit against a New Hampshire sign manufacturer and its Massachusetts contractor for an electrical fire in Service CU’s Falmouth, Mass., branch – for which the credit union insurer paid the New Hampshire credit union more than $1 million in reimbursements.

CHERRY HILL, N.J. – Campbell Employees FCU has named David Ardire, its chief financial officer, as the new president and CEO of the $150-million credit union.