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DALLAS – Credit Union Liquidity Services, the wholly owned CUSO for troubled Texans CU, has sold the note on the troubled Residence at Hotel Palomar, a half-filled a nine-story luxury high-rise condominium, to Westdale Capital.
May 20 -
SAN DIEGO – John Tippets, who retired as CEO of American Airlines FCU in 2008 only to un-retire in 2009 to try and lead deeply troubled North Island Financial CU back to solvency, is retiring again after putting the one-time $1.8 billion credit union back on solid ground.
May 20 -
SAN DIEGO -- A woman accused with her husband of causing an estimated $210,000 in damages to her French Valley home after it was foreclosed on by San Diego Metropolitan CU was found guilty Friday, while the jury is still out on charges against her husband.
May 20 -
WAUSAU, Wis. – NCUA this evening liquidated Wasau Postal Employees CU and assigned the remnants of the one-time $10 million credit union to nearby giant CoVantage CU.
May 18 -
FORTH WORTH, Texas – American Airlines FCU said this afternoon it has completed the installation of new image-enabled ATMs at 15 of its branches.
May 18 -
Black Book has introduced a new risk score to help financial institutions better manage risk within the used car loan portfolio.
May 18 -
ALEXANDRIA, Va. – NCUA said this morning it has barred the former CEOs of U.S. Central FCU and Members United Corporate FCU from working for or with any corporate credit union for their roles in two of the biggest credit union failures.
May 18 -
ANCHORAGE, Alaska -- Alaska USA FCU said this morning it is bringing CUNA Mutual Group’s CUNA Brokerage Services investment program to its 450,000 members.
May 18 -
AUSTIN, Texas – After an investigation prompted by local credit unions, two employees at Popeye’s Chicken were arrested Wednesday and charged with stealing customers’ credit and debit card information using a skimming device.
May 18 -
TEXARKANA, Texas – Credit union executives and volunteers are mourning Tuesday’s death of Joe Thornton, longtime president of Texas FCU and a former CUNA Board member, at 76.
May 17 -
GAINESVILLE, Fla. – Dr. John Rawls is retiring from the Florida CU Board of Directors on May 31 after more than 55 years of service.
May 17 -
CHEYENNE, Wyo. – Western Vista FCU has signed with TRC Interactive to implement the company’s TellerSolutionOnline training system.
May 17 -
PORTLAND, Ore. – OnPoint Community CU is opening a new branch inside a Safeway supermarket in Rose City on May 30.
May 17 -
PHOENIX – Arizona State CU said it has added construction loans to its home loan portfolio in anticipation of an improving economy.
May 17 -
PITTSBURGH – A legally blind man who filed a flurry of suits over the ATM provisions of the Americans with Disabilities Act over the past few weeks followed up with three more this week, including one naming USX FCU as defendant.
May 17 -
WARMINSTER, Penn. – Freedom CU is rolling out a new media campaign on radio, television and billboards in greater Philadelphia touting “Freedom From Banks.”
May 17 -
PHOENIX – Prosecutors are recommending a judge sentence the former member business loan chief at Yuma’s AEA FCU to a 20-year prison term because of the large losses the MBL fraud cost the one-time $410-million credit union, bringing it to its knees.
May 17 -
WASHINGTON – The Senate yesterday introduced its own bill that would end the requirement for dual fee disclosures at ATMs, which would leave only the on-screen disclosure.
May 17 -
HARTFORD, Conn. – The leader of an east coast fraud ring that stole purses from parked cars then used stolen identification to impersonate credit union and bank account holders to steal an estimated $2.5 million was sentenced to 20 years in federal prison this morning.
May 17 -
ALEXANDRIA, Va. – NCUA followed up yesterday’s legal settlement with former WesCorp executive Robert Burrell with a cease and desist order barring the former chief investment officer at WesCorp from working for any corporate credit union; consulting or advising a corporate on investments; or selling any investments to a corporate.
May 17