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OMAHA, Neb. – SAC FCU is selling prepaid cards for cab bare for local partyers who drink too much to drive home.
October 7 -
LAS VEGAS – One Nevada CU has installed KIVA Group’s Respect sales management software to measure and provide incentives across its branch network.
October 7 -
VIENNA, Va. – Navy FCU will open its 14th Maryland branch in the Baltimore suburb of Glenn Burnie Tuesday to serve more than 21,000 local members.
October 7 -
ALEXANDRIA, Va. – NCUA reported Friday it approved another 24 mergers, 13 of which will eliminate troubled credit unions.
October 7 -
LOS ANGELES – Lawyers for former WesCorp FCU CEO Bob Siravo and CFO Todd Lane filed documents in federal court Friday saying they still want to depose Gigi Hyland on what she knew about the agency’s approval of the failed corporate’s risky investments, even though Hyland resigned from the NCUA Board the same day.
October 7 -
LENEXA, Kan. – NCUA has reached agreement to sell the offices of U.S. Central FCU, just as it was scheduled to shut down the operations of the one-time $52 billion central bank for credit unions last week.
October 7 -
ENDICOTT, N.Y. – Employees and members of Visions FCU were mourning the death of Jack Houseknecht, the credit union’s well-known chief operating officer, who died of heart attack he suffered in the parking lot at work last Tuesday, at 56.
October 7 -
ALBUQUERQUE, N.M. – One of seven Nigerians who allegedly drained $4 million of fraudulent home equity lines of credit from a half dozen credit unions was arraigned here last week following his arrest in Georgia.
October 7 -
BURLINGTON, Vt. – State regulators reversed course this afternoon and decided afterall that credit unions, specifically Vermont State Employees CU, can use the words “bank” and “banking” in their advertising.
October 5 -
ALEXANDRIA, Va. – NCUA reported this morning it believes the manager of O.U.R. FCU, a Eugene, Ore., community development credit union that failed last year, deliberately manipulated the accounting and misstated financial reports to hide a capital hole of more than $2 million in the $5 million CDCU, prompting its NCUA takeover.
October 5 -
ALEXANDRIA, Va. – NCUA reported this morning it approved a request from Logix FCU, the former Lockheed Employees FCU, to serve 325,000 members of the California Teachers Association, putting the $3.3 billion credit union in new competition with numerous educational credit unions.
October 5 -
RUTLAND, Vt. – Heritage Family CU has signed with IQR Consulting to provide it with a review of its credit and debit card portfolio performance.
October 4 -
ANCHORAGE, Alaska – Denali Alaskan FCU has implemented a disaster recovery solution using Dell Compellent and Silver Peak.
October 4 -
MOLINE, Ill. – DHCU Community CU has installed Microsoft Office 365 from its core processing provider, Jack Henry & Associates’ Symitar.
October 4 -
ROCKY HILL, Conn. – Nutmeg State FCU has completed the conversion of its credit card processing to The Members Group.
October 4 -
MANHATTAN BEACH, Calif. – Kinecta FCU has signed with cuautocoupon, Inc., to offer the company’s savings program for auto service, parts or accessories.
October 4 -
DENVER – A branch manager at Westerra CU was indicted on charges of stealing $80,000 from the credit union’s Green Mountain branch.
October 4 -
WASHINGTON – Mortgage rates fell still lower this week, to all-time lows, according to Freddie Mac.
October 4 -
WICHITA, Kan. – NCUA on Thursday filed a civil suit against Credit Suisse Securities USA, alleging the Wall Street investment bank sold $715 million of faulty residential mortgage-backed securities to U.S. Central FCU, WesCorp FCU and Southwest Corporate FCU, and helped precipitate the collapse of the three corporate credit unions.
October 4 -
PLANO, Texas – A Delaware patent company yesterday filed suit against Texans CU, claiming the Richardson, Texas, credit union is infringing with the technology it uses to provide electronic banking and mobile alerts.
October 4