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PIERRE, S.D. -- The South Dakota Supreme Court said this morning a borrower cannot sue her credit union for failing to make sure her home was covered by flood insurance.
May 17 -
WASHINGTON – Long-term mortgage rates declined for the third straight week to new lows, amid record mortgage lending for credit unions.
May 17 -
CHICAGO – It what might be a sign of a recovering economy, loans for recreational vehicles are making a big comeback at some credit unions.
May 16 -
CHICAGO – San Antonio Credit Union during April hit the $700,000 mark in funded retail loans, as it continues to average between $500,000 and $800,000 per month with such loans.
May 16 -
CHICAGO – In-branch transactions declined by 25% between 2006 and 2010, and one person is forecasting similar declines will be seen by the end of 2015.
May 16 -
BLOOMINGTON, Ind. – Indiana University CU has chosen Credit Union Student Choice to deliver private student loans to the credit union’s membership.
May 16 -
SHARON, Mass. – Sharon CU has installed mobile banking from Intuit Financial Services.
May 16 -
ALEXANDRIA, Va. – CommonWealth One FCU announced the installation of a new ATM at Costco Wholesale in Harrisonburg, Va.
May 16 -
OKLAHOMA CITY, Okla. – FAA CU is an early adopter of the newly released CUBUS Online Banking platform and has started testing the product internally.
May 16 -
GERMANTOWN, Md. – Montgomery County Employees FCU was approved by NCUA to add 22,000 employees of the Montgomery County School System to its field of membership.
May 16 -
LONG BEACH, Ore. – Wauna FCU has won approval from NCUA to expand its field of membership to the Washington side of the Columbia River and serve Washington’s Pacific County.
May 16 -
MANHATTAN BEACH, Calif. – Western FCU has signed with cuautocoupon to offer its members coupons toward an auto purchase.
May 16 -
PORTLAND, Ore. – The Portland City Commission yesterday approved a “responsible banking” proposal to deposit city funds in local credit unions and banks, the second major West Coast city to pass a local banking initiative in the past week.
May 16 -
LOS ANGELES – NCUA on Wednesday signed a settlement deal with Robert Burrell, who was the chief investment officer of WesCorp FCU prior to the collapse of the one-time $34-billion corporate credit union.
May 16 -
SAN DIEGO – A local robber who favored high fashion while he robbed nine credit unions and banks over 14 months will serve more than four years behind bars.
May 16 -
SAN DIEGO – Prosecutors said a former police officer and his wife went on a $210,000 trashing of their French Valley home during foreclosure after their lender, San Diego Metropolitan CU, refused their offer to leave the home undamaged in exchange for a $10,000 payment.
May 16 -
ALCOA, Tenn. – Alcoa Tenn FCU has launched PSCU’s Mobile Bill Pay, a new service which allows existing PayLynx Bill Pay users to make one-time payments, manage pending payments and view payment history using their mobile devices.
May 16 -
WASHINGTON – The credit union lobby went on defense this morning against banks and told a Congressional panel reviewing tax exempt organizations that lost revenues from tax exempt Subchapter S banks now exceeds all potential revenues from the credit union tax exemption.
May 16 -
LONGVIEW, Wash. – The vault manager at Cowlitz CU was sentenced yesterday to 90 days in jail, to the dismay of the state judge who wanted a longer sentence for her theft of $120,000 she and her husband used to gamble at the nearby Lucky Eagle Casino.
May 16 -
BALTIMORE – Horsetail Technologies and Credit Union Journal have partnered to make an extraordinary offer that will result in one credit union receiving a $100,000 Extreme Network Makeover.
May 15