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TOPEKA, Kan. – The former manager of Enterprise CU pled guilty yesterday to embezzling $817,000 from the Enterprise-based credit union.
November 13 -
LONGVIEW, Wash. – Red Canoe CU has installed Financial Management Solutions, Inc.’s Teller Management System to streamline branch transaction analysis at its seven branch locations better optimizing the branch workforce.
November 13 -
CLEVELAND – NCUA, which estimates losses of as much as $170 million on the collapse of St. Paul Croatian FCU, is in line to receive payments due on several downtown Cleveland properties totaling $16.7 million under a plea deal with a local financier convicted of swindling the one-time $240 million credit union.
November 13 -
NEW YORK – The National Association of Convenience Stores, the Association for Convenience & Fuel Retailing, and other plaintiffs in the 2005 antitrust suit against Visa and MasterCard are preparing a legal challenge of Friday's ruling granting preliminary approval of a $7.2-billion settlement in the case.
November 13 -
FAIRBORN, Ohio – Wright-Patt CU has launched the fifth year of its Savings Race, this time with a grand prize of $10,000 going to a college-bound student to help them pay tuition costs.
November 13 -
LIVONIA, Mich. -- The Michigan CU League is expanding its $100,000 Save to Win lottery this year by adding more $10,000 prizes and by offering the SaveUp Rewards program as an adjunct.
November 13 -
YORK, Neb. -- First York Bancorp has agreed to acquire tiny Glenvil Cooperative CU, in a rare acquisition of a credit union by a bank.
November 13 -
CHANTILLY, Va. – Online Resources Corp. said this morning it plans to appeal Friday’s federal court verdict ordering it to pay $25 million to the former head of Internet Transactions Solutions, a Columbus, Ohio, provider of e-billing services it acquired in August 2007.
November 13 -
FOSTER CITY, Calif. – Visa announced this morning that 50 financial institutions—more than half of them credit unions--have launched Visa’s V.me new digital wallet service, which frees online shoppers from having to repeatedly enter account numbers, bill-to and ship-to information at checkout, in time for holiday shopping.
November 13 -
REDWOOD CITY, Calif. -- Pano Logic, the once-promising company that was at the forefront of the desktop virtualization movement, has shut down, just weeks after the company announced that Redstone FCU was going to replace 75% of its personal computers with Pano Logic's virtual desktops, and save 60% on computing costs.
November 12 -
SAN ANTONIO – Harland Clarke Holdings, the nation’s biggest check printers, reported a third losses of $19 million, compared to a profit of $46.6 million for the third quarter last year, because of costs associated with the this year’s going-private merger.
November 12 -
SACO, Me. – Members and employees of Saco Valley CU were mourning the death of Robert Tarbox, a volunteer director at the credit union for more than 50 years, who died Nov. 2 at 85.
November 12 -
JAMESTOWN, N.D. -- First Community CU, the state’s largest credit union, is opening a new branch in Fargo.
November 12 -
FITCHBURG, Mass. – Workers’ CU has opened inside Hannaford Supermarket in Chelmsford, the credit union’s 15th branch.
November 12 -
GREENSBORO, N.C. -- Summit CU is the first credit union to implement with Catalyst Corporate FCU’s Mobile Capture service, powered by Bluepoint Solutions.
November 12 -
NORWALK, Conn. – NCUA joined the banking regulators in urging the Financial Accounting Standards Board to consider a condensed version for non-public entities, like credit unions, when it issues a final rule on disclosures for interest rate and liquidity risk from financial institutions.
November 12 -
DURHAM, N.C. – Self-Help FCU has teamed with a Chicago community development group to buy 1,100 mortgages mostly held by Hispanic borrowers from the FDIC that were made by the failed Second Federal Savings & Loan Association.
November 12 -
WASHINGTON – The end of the elections season and impending lame duck session of Congress have done little to lessen the bankers opposition to the member business loan bill, even as the credit union lobby tries one more time to get a “yes” vote in Congress on legislation to raise the MBL limit.
November 12 -
NEW HAVEN, Conn. – A federal appeals court on Friday rejected a request by members of New London Security FCU to recover $4 million of uninsured deposits from NCUA they lost in the spectacular 2008 failure of the $13 million credit union, which involved the suicide of the credit union’s investment manager.
November 12 -
KATY, Texas -- A father, son and daughter dressed up in orange construction vests and robbed a First Community CU branch here last month.
November 11