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INDIANAPOLIS – Eli Lilly FCU on Tuesday said it bought back its $20-million Visa cards portfolio from Bank of America’s FIA Services unit and will have the 6,500 accounts serviced by credit union-owned The Members Group.
May 22 -
CLEVELAND – NCUA filed suit yesterday against a leading Cleveland developer and his partner to recover almost $19 million in fraudulent loans they obtained through St. Paul Croatian FCU, the biggest credit union fraud ever.
May 22 -
FAIRFAX, Va. – Apple FCU is mourning the death of Virgil Harris, Jr., who died recently at 81, shortly after attending a final board meeting and ending 55 years service to the credit union.
May 22 -
ROCKVILLE, Md. – National Institutes of Health FCU has become one of the first lenders to implement Mortgagebot’s new consumer lending module to its PowerSite integrated point-of-sale solution.
May 22 -
OMAHA – Centris FCU announced this morning it is rolling out eight Nexxo Financial Corp. kiosks that will offer a menu of services to low-income consumers, including check cashing, money orders, pre-paid card loading, bill payment, money orders, and cash withdrawal--the first financial institution to launch the new service.
May 22 -
AVON, Conn. – COCC, a cooperative that provides core technology services, said it is paying a “product and services credit” to client CUs of $755,000.
May 21 -
LIVERPOOL, N.Y. – Liverpool Central Schools FCU has changed its name to Edge FCU.
May 21 -
LAS VEGAS – One Nevada CU has introduced mobile remote deposit capture, which allows members to take a photo of a check and deposit it using an Apple iPhone or iPad or Google Android mobile device.
May 21 -
ORLANDO, Fla. – State regulators have approved an application from Insight CU to add 250,000 people in six small Florida counties to its field of membership: Dixie, Levy, Gilchrist, Columbia and Suwanee.
May 21 -
CHANTILLY, Va. – Justice FCU has selected NeighborBench, a cloud-based platform that connects credit unions with a team of compliance experts, to help simplify compliance.
May 21 -
TAMPA, Fla. – Grow Financial FCU said it has installed Dell enterprise technology to enable its members to make smart, timely financial decisions.
May 21 -
VACAVILLE, Calif. – Travis CU has begun what it calls an industry first – a cultural immersion training exercise meant to increase employees’ level of service for Hispanic members.
May 21 -
WEST PALM BEACH, Fla. – Credit Union Journal is now accepting entries for its 2012 Best Practices Awards.
May 21 -
ALEXANDRIA, Va. – NCUA on Monday announced it lowered the rates on its community development loans to just 0.4%, from an already-low 1%, to entice lending in its moribund Community Development Revolving Loan Fund.
May 21 -
PHOENIX – Yesterday’s scheduled sentencing of William Liddle for his role in the AEA FCU MBL fraud has been delayed after Liddle was stabbed in his own back yard.
May 21 -
FORT LAUDERDALE, Fla. – Credit union CFOs are being cautioned by one person that their risk models may be underestimating a pending threat.
May 21 -
BLOOMINGTON, Minn. – As new funds continue to flood into credit unions some credit unions are opting for unusual ways to retain their capital levels, but what Star Choice CU is doing to discourage big inflows is unusual – cutting off interest to large money market depositors.
May 21 -
SAN DIEGO -- A former San Diego police officer was convicted this afternoon for destroying a $700,000 home he and his wife had borrowed for from San Diego Metropolitan CU after the credit union took it over in foreclosure.
May 21 -
If your credit union has done something you believe deserves recognition and which other CUs could learn from, the Journal's Best Practices Awards are for you.
May 21 -
Credit Union Journal is now accepting entries for its 2012 Best Practices Awards.
May 21