CLEVELAND – Three more individuals were indicted yesterday for allegedly arranging more than $11 million in phony member business loans from St. Paul Croatian FCU as part of the biggest credit union fraud ever

HARTFORD, Conn. – Connecticut regulators on Thursday said they have approved the merger of The Greater Norwalk CU, a one-time $31-million credit union that has reported losses the past four years, into North East Alliance FCU, a $75-million credit union based in nearby Nanuet, N.Y

PITTSFIELD, Mass. – Greylock FCU and Leominster CU were among 87 Bay State companies to be awarded worker training grants from the state.

ALTAMONTE SPRINGS, Fla. – Florida Hospital CU has signed with CU*Answers to convert its processing to the company’s CU*BASE core processing system.

RIDLEY PARK, Penn. – Boeing Helicopters CU has signed with Andera to implement the company’s oFlows paperless platform for online account opening.

MOLINE, Ill. – IH Mississippi Valley Credit Union has signed with IQR Consulting to conduct an in-depth analysis of the cooperative’s credit card and checking account portfolios.

WASHINGTON – Long-term mortgage rates started the New Year in the same holding pattern they have had for months, remaining near all-time lows, according to Freddie Mac.

DENVER – Public Service CU, which expanded into two counties last year, has applied to Colorado regulators to serve almost 1 million people in the state’s El Paso and Douglas counties.

NEW YORK – NCUA has joined a variety of creditors in the huge Residential Capital LLC bankruptcy seeking a mediator to review its claims of $300 million in recompense for the failures of U.S. Central FCU and WesCorp, among the credit union agency’s growing claims over the collapse of the corporate system.

CINCINNATI – A teller at CINCO Family Financial Center CU was charged in a civil suit with stealing $620,000 from the credit union’s vault and cash dispensers at its Clifton branch by inserting $1 bills within the bricks of $50s and $100s to replace the $50 and $100 bills that she stole.

The former president and sole employee at Women’s Southwest FCU, a tiny feminist credit union shuttered by NCUA in October, pled guilty yesterday to stealing $3.4 million from the credit union over 11 years.

NCR Corp. announced this morning it has acquired uGenius, the pioneer in video teller machines being used in as many as a dozen credit unions.

Tucson Old Pueblo CU said this afternoon it hired Vern Babilon, a long-time credit union executive and head of his own credit union recruiting firm, GVBabilon Associates, as president and CEO of the $135 million credit union.

ATLANTA – Children’s Healthcare of Atlanta and Children’s Miracle Network have recognized Delta Community CU for the credit union’s ongoing support, which includes $1.6 million in contributions, by naming Egleston Hospital’s Cardiac Catheterization Lab for the credit union and its outgoing CEO Rick Foley.

ORLANDO, Fla. – NCUA has barred a former collections manager at McCoy FCU from the credit union industry for her conviction on charges of embezzling $167,000 of vehicle insurance checks paid to the credit union.

MIDDLETOWN, Penn. – MY CU Services, a CUSO for Mid-Atlantic Corporate FCU, has launched a new program aimed at lowering workplace supply costs for credit unions by utilizing a group-buying strategy.

DENTON, Texas – DATCU CU, which recorded its best year ever, shared record earnings with its members by paying $974,000 in special dividends Jan. 1.

TEXAS CITY, Texas – AMOCO FCU will celebrate another strong year by paying its members $1 million in bonus dividends and loan interest refunds, its 17th straight member bonus.

ANTIGO, Wis. – CoVantage CU announced $1.5 million in patronage dividends were paid to the credit union’s borrowing and saving members.

WOODBRIDGE, Va. – Belvoir FCU has implemented a new technology called DigitalPersona, a biometrics fingerprint authentication system, for its employees.