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PALO ALTO, Calif. – First Tech FCU, the $6 billion credit union formed by the 2010 merger of First Tech CU and Addison Avenue FCU, has named Gregory Mitchell, CEO of First PacTrust Bancorp, a one-time credit union, as its president and CEO.
October 23 -
MISSOULA, Mont. – Missoula FCU has teamed with CO-OP Financial Services to introduce Diebold’s version of the video teller, an ATM that allows members to communicate directly with a call center rep any time of the day or night.
October 23 -
SAN DIEGO – San Diego County CU is the first credit union to offer live mobile chat services for its members using iPhones and Android smartphones, the credit union giant announced this morning.
October 23 -
DEARBORN, Mich. – DFCU Financial, Michigan’s largest credit union, said this morning it plans to pay members a $21 million special patronage dividend, the biggest credit union payout ever.
October 23 -
MESA, Ariz. – Better ATM Services, which has been testing an ATM-dispensed Visa prepaid card program at three local credit unions since January, said this morning it is taking the program nationwide.
October 23 -
ALIQUIPPA, Penn. – George Treantafellow, a retired employee of LTV Steel who served 45 years on the board of Friendly FCU in Aliquippa, died last week at 86.
October 22 -
DULUTH, Ga. – ATM maker NCR Corp. said that its third-quarter net income more than tripled to $58 million, as it benefited from acquisitions and strength across most of its businesses.
October 22 -
NEWARK, Del. – Student loan giant Sallie Mae reported a third quarter net of $188 million, compared to a loss for the same quarter last year, as it reduced operating expenses and set aside less money to cover bad loans.
October 22 -
MERRILLVILLE, Ind. – ProFinance FCU has chosen EPL’s i-POWER as its core data processor.
October 22 -
PORTLAND, Ore. – Unitus CU has signed with Vertifi Software LLC to implement the CUSO’s DeposZip mobile remote deposit capture solution.
October 22 -
BOULDER, Colo. – State regulators approved a request from Elevations CU, the state’s fifth largest credit union, to more than double its field of membership by adding 750,000 residents of Adams and Larimer counties.
October 22 -
DALLAS – One lucky member of Neighborhood CU hit the lottery on last week’s International CU Day—winning the credit union’s $10,000 quarterly savings prize.
October 22 -
QUINCY, Mass. -- Bridgewater CU’s Community Team surprised more than 550 passengers Friday on Boston’s commuter train, known here as the “T,” with a free ride.
October 22 -
CLEVELAND – A serial plaintiff in ATM suits targeting credit unions and banks filed a new action last week against Advantage CU, one of 35 suits under the Electronic Funds Transfer Act brought by Don Anderson in just the last month.
October 22 -
MADISON, Wis. – Credit unions would do best to target certain non-essential fees to boost their non-interest income to help maintain member goodwill and add to their bottom lines, a new study issued yesterday by the Filene Research Institute advises.
October 22 -
BILLINGS, Mont. – CUNA said this morning it has begun a direct mailing campaign touting Democratic Sen. Jon Tester, the leader of the effort to repeal the Durbin Amendment cap on debit fees who is in a close race for reelection with the state’s lone House member, Republican Denny Rehberg.
October 22 -
FOSTER CITY, Calif. – Visa said this morning it has teamed with Chexar Networks to offer a network platform to digitize traditional banking services, including remote deposit capture of checks.
October 22 -
NEW YORK – The powerful retailers lobby reiterated its opposition to a proposed antitrust settlement with Visa and MasterCard settlement submitted Friday to the federal court, even after minor amendments to the proposal—setting up a potential battle royal in court.
October 22 -
PROVIDENCE, R.I.—Delaying implementation of online account opening could be sacrificing the CU's future profitability, according to a new Andera study.
October 22 -
WASHINGTON—The FDIC has seized three more banks: $200 million Excel Bank in Sedalia, Mo.; the $159-million GulfSouth Private Bank in Destin, Fla.; and the $67 million First East Side Savings Bank in Tamarac, Fla.
October 22