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MENOMONIE, Wis. – WESTconsin CU is now offering title insurance services through a newly established division of the credit union, WESTconsin Title Services, LLC.
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NASHVILLE, Tenn. – NAFCU on Monday said Michael Parsons, president of $330-million First Source FCU, was elected chairman of its board, in conjunction with the annual NAFCU Convention here this week.
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BOSTON – A Quincy man yesterday was convicted of robbing a HarborOne CU branch in Brockton in 2010 while armed with a BB gun.
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COLLINSVILLE, Ill. – Scott CU on Monday said two recent armed robberies at its Cahokia branch have prompted it to close the facility.
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ALEXANDRIA, Va. – Pentagon FCU announced this morning its Prudential PenFed Realty CUSO has acquired Prudential Professional Realty in Clarksville, Tenn., an independent franchise outside the Fort Campbell, Kentucky, military base, which has been rebranded as Prudential PenFed Realty.
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With leaner resources in other areas, we relied heavily on our staff to do more and they stepped up and did things that they had not necessarily been called upon to do in the past.
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The human cost in our community — disrupted families, uprooted children, and caused divorces, stress, illness, etc. — has been much higher than the financial cost, in my opinion.
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No doubt the recent economic challenges have offered many lessons to credit unions. For Louisiana Corporate, three stand out.
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CFCU Awarded LEED CertificationNEEHAH, Wis.-Gries Architectural Group and Miron Construction Co., Inc., said CitizenFirst CU's 37,640-square-foot corporate office expansion at its Universal Street branch in Oshkosh, Wis., has been awarded Certified LEED status, as established by the U.S. Green Building Council and verified by the Green Building Certification Institute.For info: www.griesarchitectural.com or www.usgbc.orgKEMBA Financial Joins PSCUST. PETERSBURG, Fla.-PSCU said KEMBA Financial CU, Gahanna, Ohio, is joining the CUSO to offer its members call center support from PSCU's Total Member Care 24/7/365 contact centers, which will process applications for new members and loans.For info: www.pscu.comLendingQB Integrates ComplianceEaseCOSTA MESA, Calif.-LendingQB, a provider of mortgage lending technology, announced that it completed an integration with ComplianceEase, a provider of mortgage compliance and risk management solutions. LendingQB integrated its end-to-end loan origination system with ComplianceEase's ComplianceAnalyzer product, which the two companies said created a solution that automatically runs continuous, real-time audits throughout the origination lifecycle of the loan to ensure compliance with federal, state, and municipal consumer credit regulations.For info: www.lendingqb.com or www.complianceease.comCUSO Taps First AssociatesSAN DIEGO-Student CU Connect CUSO, LLC said it has selected consumer loan servicer First Associates Loan Servicing to service the SCUC portfolio of private student loans. SCUC is a CUSO formed by seven credit unions. Loans under the program are made available to eligible students by Eli Lilly FCU.For info: www.1stassociates.com INVEST Signs MAFCU, LSFCUTAMPA, Fla.-INVEST Financial Corporation announced it will provide brokerage and investment services for two more credit unions: $490-million MidWest America FCU, Fort Wayne, Ind.; and, $184-million Lake State FCU, Moose Lake, Minn. INVEST now has more than 150 financial institutions in its network.For info: www.investfinancial.com Kansas CUs Team With Central StarWICHITA, Kan.-Central Star Financial Solutions, a CUSO that offers mortgage and insurance products to credit unions, their members and all Kansas consumers, said it currently partners with 12 CUs in Kansas, located in Wichita, Arkansas City, El Dorado, Hutchinson, and Topeka. CSFS said its services include mortgage origination, processing and document preparation for mortgage loans, and more. For info: www.csoptions.com
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RAPID CITY, S.D.-The Credit Union Association of the Dakotas is hitting the road this summer to spread the word about credit unions.
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LOS ANGELES-Lawyers for NCUA last week defended their bid to bar testimony from NCUA Board members Debbie Matz and Gigi Hyland in the civil trial of former WesCorp FCU CEO Bob Siravo by insisting the two board members "have no direct personal factual information" about the 2009 collapse of the one-time $32-billion corporate credit union.
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Maryann Schafferhas been named controller and accounting department supervisor at Catholic FCU, Saginaw, Mich.
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Credit unions are investing heavily in their lending infrastructure to book more loans before interest rates rise and to manage risk, according to one analyst.
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A member of $1.6-billion Technology Credit Union who is fighting Tech CU's proposed charter conversion to a bank has submitted a letter for the credit union to distribute electronically to his fellow members.
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WASHINGTON-Credit unions sent a divided message to Congress last week on the effects of the Dodd-Frank Act.
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Although there still are risks to be accounted for, Wayne Tew believes this is a good time to be in the mortgage business. But it's also a good time, said Tew, president and CEO of $480.8-million Clark County Credit Union, to define "risk."
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MONTPELIER, Vt.-Vermont State Employees Credit Union (VSECU) is in a legal battle with the state's Department of Financial Regulation (DFR) over the CU's use of the term "bank" and "banking" in its marketing.
July 23