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CHANTILLY, Va. – Online Resources Corp. reported a $200,000 loss for its fiscal third quarter, down from a $1.7 million loss for the third quarter last year, as revenue grew 8% to $41.3 million for the quarter.
November 8 -
OKLAHOMA CITY, Okla. – Used car dealer John Langley on Wednesday pleaded guilty to making a false statement to a federally insured credit union, Municipal Employees CU, in a scheme to help him finance his vehicle inventory.
November 8 -
HOUSTON – Cy-Fair FCU has named Cameron Dickey, an executive at Stewart Title and former credit union executive, the new president and CEO of the $180-million credit union.
November 8 -
BOWIE, Md. – Prince George’s Community FCU yesterday said it hired Robert Schroeder, a veteran at several area credit unions, to be president and CEO at the $130-million credit union.
November 8 -
SPOKANE, Wash. – Spokane Teachers CU opened a new branch in Moran Prairie and has acquired land for an additional branch downtown.
November 8 -
WASHINGTON – Mortgage rates remained flat in the latest week, holding near all-time lows, according to Freddie Mac.
November 8 -
NEW LONDON, Conn. – A 62-year-old teller at a Connecticut Community CU branch inside the Foxwoods Resort Casino confessed she stole $21,000 by replacing $100 bills with $1 bills, then gambled away the stolen money.
November 8 -
BETHPAGE, N.Y. – In what is probably the biggest initiative of its kind by a credit union, Bethpage FCU is deferring loan payments, cutting rates and offering the same benefits to members and non-members alike as a part of a comprehensive relief program for one of Hurricane Sandy’s hardest-hit areas.
November 8 -
LONG ISLAND CITY, N.Y. – United Nations FCU said this morning that William Predmore, its chief operating officer, has been promoted to be president and CEO of the $3.7 billion credit union.
November 8 -
FITCHBURG, Mass. – IC FCU said this morning that Anthony Cali, its president and CEO since 2008, is retiring next April from the $470 million credit union.
November 8 -
LUBBOCK, Texas – A former employee at West Tex FCU on Tuesday was indicted for the theft of as much as $500,000 from the credit union.
November 7 -
TORONTO – Davis + Henderson Corp. reported a 30% increase in third quarter earnings to $19.1 million based on last year’s acquisition of Mortgagebot and this year’s deal for Avista Solutions.
November 7 -
SAN DIEGO – Mitek Systems, a pioneer in mobile remote deposit capture, yesterday said losses widened for its fourth quarter and fiscal year and revenue plunged after the departure of its biggest customer, USAA, earlier this year.
November 7 -
MIAMI – CUNA Mutual Group announced winners of its annual Excellence in Lending Awards during this week’s 2012 CUNA Lending Council Conference.
November 7 -
WASHINGTON – Fannie Mae earned $1.8 billion from July through September, helped by an improving housing market that has lifted home prices, its third straight quarterly profit.
November 7 -
WICHITA, Kan. – Wichita FCU on Saturday will break ground on a 10,000-square-foot facility in East Wichita that will be its main branch.
November 7 -
INDIANAPOLIS – Indiana Members CU is now offering a credit card rewards program that allows members to earn points through qualifying credit card purchases to redeem as travel awards and merchandise rewards.
November 7 -
SANTA ANA, Calif. – Orange County’s CU has installed Integrated Media Management’s Document Exchange, a hosted experience for cloud-based document delivery and electronic signature services.
November 7 -
MADISON, Wis. – The National CU Foundation yesterday said it has raised more than $100,000 in financial assistance in less than a week for credit union employees and members affected by Hurricane Sandy.
November 7 -
MANALAPAN, Fla. – Credit Union Executives Society on Wednesday said Ashley Kohlrus, chief experience officer for Allegacy FCU, won $20,000 when she was named the 2012 CUES Next Top Credit Union Exec.
November 7