BIRMINGHAM, Ala. – Alabama Telco CU is the latest credit union to move for dismissal of a new overdraft suit brought, claiming that neither law or its member agreements requires that debit transactions be processed in real-time.

SAN FRANCISCO – A federal court yesterday dismissed separate overdraft suits brought against SchoolsFirst FCU and Kern Schools FCU, two of the nine credit union challenged over their overdraft practices in recent months.

FRANKFORT, Ky. – Commonwealth CU has signed with Geezeo to implement the company’s white label personal financial management and engagement banking solution.

FERNDALE, Mich. – Credit Union ONE awarded $2,000 this summer by randomly giving members $50 bills instead of $20 bills when they visited the credit union’s Grand Rapids ATM.

PRIOR LAKE, Minn. – South Metro FCU has signed with Cachet Financial Services to implement the company’s remote deposit capture service.

DES MOINES, Iowa – Financial Plus CU has gone on LKCS’ enhanced electronic statement platform.

EAST LANSING, Mich. – Michigan State University FCU is celebrating its 75th anniversary with a contest to pay off a Visa cardholder’s balance – up to $575.

VIENNA, Va. – Navy FCU has updated mobile banking apps for iPhone and Android through CapTech.

ALEXANDRIA, Va. – Pentagon FCU yesterday rolled out a new card it calls a “Defender” American Express rewards card restricted to active or retired U.S. military personnel.

BOSTON – The City of Boston CU is looking into how members’ relationships translate into profits in the hopes of moving to relationship-based pricing.

WASHINGTON – Time is dwindling fast for passage of the member business loan bill, with Congress expected to return next week for as few as seven more work days before it adjourns for the campaign season.

MADISON, Wis. – Filene Research Institute’s i3 incubator proposed a mortgage to help buy junior his first house with equity pledged by other relatives, plus a dedicated text message to help prevent member overdrafts, among eight new innovations for credit unions.

PHILADELPHIA – The CEO of a Borinquen FCU pleaded guilty in federal court this afternoon to a $2.3 million embezzlement that sunk the small community development credit union.

WYANDOTTE, Mich. -- Wyandotte FCU, the $90 million credit union serving 110 area companies, is changing its name to Nu Path Community CU as it converts from a federal charter to a state charter encompassing three million people in Wayne, Monroe, Allegan, Ottawa and Kent counties, one of the biggest community charters ever granted in Michigan.

WASHINGTON – Falling market rates and lack of competition have combined with declining non-interest income to force credit union savings rates to all-time lows.

CHARLOTTE, N.C. – Credit union leaders will break ground on a $300,000 rooftop playground renovation at Levine Children’s Hospital they are leaving behind after this week’s Democratic National Convention, one of two high-profile “leave behind” projects funded by credit unions in conjunction with the two national party conventions.

FARMINGTON, Me. -- Cass Hirschfelt, CEO of Franklin-Somerset FCU, passed away on August 26.

ALEXANDRIA, Va. – NCUA on Friday barred a 19-year-old teller who was convicted of stealing $10,000 in in member funds form Great Falls regional FCU in Lewiston, Me., from the credit union industry.

WOODBURY, Minn. – Postal CU has begun offering Visa Reloadable Prepaid Cards as alternatives to it Visa Debit Card, without the need for a checking account or credit check.

LAKELAND, Fla. – Members at two credit unions, on Florida’s Space Coast and the Gulf Coast, have approved mergers into MidFlorida CU, the fast-growing $1.8 billion credit union.