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TULSA, Okla. -- A man who told police he didn't remember robbing a Tulsa FCU branch - but realized that he must have done so when he noticed a large sum of money blowing around in his car - was sentenced Friday to five years in prison.
May 13 -
INDIANAPOLIS – Finance Center FCU has signed with CUSO Financial Services for its managed program with which managers and investment advisors are employed and managed by CFS.
May 13 -
ALEXANDRIA, Va. – CommonWealth One FCU has joined the city of Alexandria and the local nonprofit Local Energy Alliance Program to offer energy efficiency loans under the Northern Virginia Home Performance with Energy Star program.
May 13 -
AUSTIN, Texas – Austin Telco FCU has signed with EasCorp FCU’s Vertifi unit to offer members its DeposZip Mobile remote deposit capture service.
May 13 -
LARAMIE, Wyo. – UniWyo FCU has selected NeighborBench, a cloud based platform that connects credit unions with a team of compliance experts, to help simplify compliance.
May 13 -
ROCKY HILL, Conn. – Nutmeg State FCU has contracted with The Members Group to process its credit, debit and ATM card transactions.
May 13 -
AUSTIN, Texas -- A+ FCU has acquired a 60,973-square-foot office building in northeast Austin to accommodate an expansion of its administrative and support staff.
May 13 -
PORTLAND, Ore. – OnPoint Community CU tolled out a Platinum Cash Rebate Visa Credit Card that offers a 1% cash rebate on all new purchases and 3% cash rebate for the first six months at eligible gas, grocery and drug stores.
May 13 -
MIAMI – A group of Wall Street banks and rating agencies told a federal court here that “greed” and the need to grow earnings was responsible for the 2009 demise of Eastern Financial Florida CU, the one-time $2.4 billion credit union, not alleged fraud on their part in the sale of $100 million of risky financial derivatives known as collateralized debt obligations, or CDOs.
May 13 -
GREAT FALLS, Mont. – Sixth-grade students at Roosevelt Elementary School learned important financial lessons last week while a local foundation staked them to their first savings accounts at Montana FCU.
May 13 -
CLEVELAND – A Balkans crime figure who threatened to shoot the CEO of St. Paul Croatian FCU if he didn’t continue to approve fraudulent loans was sentenced this afternoon to 18 years in prison for the multi-million scheme that helped cause the biggest credit union fraud ever.
May 11 -
Here is the winning entry entered on the Date Night blog hosted by FAA Credit Union.
May 11 -
HARVEY, Ill. – The manager of now-defunct Allied Tube Steel FCU was barred by NCUA this morning for an embezzlement scheme that drained almost half the assets of the $1.7 million credit union and drove it into failure.
May 11 -
ALEXANDRIA, Va. – Yesterday’s news of a massive $2.3 billion loss by JP Morgan Chase is expected to slow NCUA’s plans to deregulate financial derivatives by allowing credit unions more powers to enter into financial hedging contracts, like interest rate options, swaps and options.
May 11 -
LAS VEGAS – Almost 10 months after NCUA said it would more closely regulate CUSOs – and the organizations in turn bombarded the regulator with comment letters – NCUA reportedly is narrowing its focus from the entire CUSO industry to a select group.
May 10 -
LAS VEGAS – Ongoing Operations Thursday morning said it will make available free its technical support package to any new CUSO formed by credit unions.
May 10 -
LUDLOW, Mass. – Joseph Dias Jr., a local homebuilder who chartered Luso FCU in 1970 with $35 in savings from seven members, died last week at 93.
May 10 -
HUNTSVILLE, Ala. – Redstone FCU announced the formation of Redstone Consulting Group, LLC, for the purpose of offering business solutions to credit unions and banks.
May 10 -
OGDEN, Utah – Weber State FCU has chosen TRC Interactive to provide its employees with online instruction through its CreditUnionTrainingOnline.
May 10