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ORLANDO, Fla. – The University of Central Florida has dumped Atlanta’s SunTrust Bank as its official campus bank and is replacing it with locally based Fairwinds CU.
November 29 -
WICHITA, Kan. – Pentagon FCU said its PenFed Realty has agreed to acquire Prudential Dinning-Beard Realtors, the fourth Prudential agency acquired in the past two years by the fast-growing credit union real estate subsidiary.
November 29 -
LANSING, Mich. – CASE CU said it is vacating four in-store Meijer branches at year-end after the credit union was defeated for the contract by Huntington Bank.
November 29 -
ALEXANDRIA, Va. – Credit unions added 740,000 new members in the third quarter of the year, a new quarterly record that easily puts them on pace for their best year ever, NCUA reported this morning.
November 29 -
APPLE VALLEY, Minn. – Wings Financial CU announced this morning it signed with Online Resources Corp. to implement the company’s Architect Banking solution and bill payment services.
November 29 -
FREDERICK, Md. -- NeighborBench, a provider of compliance solutions, has acquired Utah-based Counter Risk Group, a compliance consulting firm known for combining real-world experience with pragmatic technical innovation to help hundreds of financial institutions manage regulatory risk.
November 28 -
BONHAM, Texas – Fannin FCU said Shirley Andrew is retiring as CEO after 28 years with the credit union.
November 28 -
LAREDO, Texas – Laredo FCU announced that Javier Moctezuma has retiring as CEO, after nine years.
November 28 -
SAN DIEGO – Mission FCU has contracted with The Members Group to offer the company’s fraud text alerts to its members.
November 28 -
CHICAGO -- A prolific filer of patent claims filed suit yesterday against CEFCU, claiming the Peoria, Ill., credit union is infringing with the technology it uses for setting limits on remote information systems.
November 28 -
GLENDORA, Calif. – Members of America’s Christian CU and the local community will enjoy a white pre-Christmas again this year when the credit union sponsors 50 tons of snowfall as part of its seventh annual Snow Day event December 8.
November 28 -
PORT TOWNSEND, Wash. -- A dye pack that accidentally exploded at Kitsap CU Tuesday forced an evacuation of the branch and sent one employee to the hospital.
November 28 -
DENHAM SPRINGS, La. – Members of Main Street Financial FCU voted yesterday to approve the merger of their $95 million credit union into Jefferson Financial CU, eleven months after they voted down the merger proposal.
November 28 -
ALEXANDRIA, Va. – A broad coalition of consumer groups called on NCUA this week to encourage credit unions to expand affordable overdraft lines of credit, in lieu of overdraft fee loans they say skirt NCUA’s 18% interest rate ceiling.
November 28 -
MIDLAND, Texas – A former loan officer at My Community FCU pleaded guilty yesterday to approving $4 million in fraudulent auto loans in return for kickbacks.
November 28 -
DURHAM, N.C. – Self-Help FCU, which agreed earlier this month to buy 1,100 mortgages originated by the Second Federal Savings and Loan, said yesterday it is also buying the deposits and remaining banking operations of the failed bank.
November 28 -
NEW YORK – Federal Judge John Gleeson ordered merchants favoring the proposed antitrust settlement in the Visa and MasterCard suit to tell him by Thursday why he should not stay a final ruling in the case while objectors to the landmark deal appeal portions of his preliminary ruling.
November 28 -
EAST LANSING, Mich. – Two small businessmen won a $25,000 grant through Michigan State University FCU’s startUP Challenge to help get their new business off the ground.
November 28 -
EL SEGUNDO, Calif. – Xceed Financial FCU announced this morning it is acquiring troubled Safeway Los Angeles FCU, a one-time $77 million credit union that has reported losses for five straight years.
November 28 -
BIRMINGHAM, Ala. – In another of what is expected to be record payouts for credit unions this year, ACIPCO FCU announced a $1.7 million interest rebate/dividend this morning, equating to 35%, to be paid December 15, in time for Christmas spending.
November 28