CENTRAL FALLS, R.I. – Dexter CU said it has implemented COCC’s core processing platform.

OLD OCEAN, Texas – Old Ocean FCU has contracted with CU*South to implement the CUSO’s CU*BASE core processing system.

BURBANK, Calif. – Partners FCU is pilot testing Financial Industry Computer Systems’ generation of its comprehensive LOS platform, Loan Producer version 6.00.

LYNN, Mass. – Webster First FCU yesterday denied ownership of a mortgage once held by Saugus FCU, which it acquired last year, that is the target of a lawsuit seeking to halt foreclosure proceedings.

DETROIT – A federal judge last week gave preliminary approval to a class action suit claiming AAC Community CU failed to disclose the fees charged to non-member users of its ATM, an action brought by a prolific local retiree who has traveled the country to file such suits under the Electronic Funds Transfer Act, or EFTA.

NORFOLK, Va. – A used car dealer who used straw borrowers to siphon almost $1.6 million in auto loans from Navy FCU was sentenced this afternoon to seven years in prison, with the judge rejecting his pleas for leniency, even to let him remain free a few weeks to attend his daughter’s high school graduation.

WASHINGTON – Consumer flight to credit unions has accelerated the past few months, with as many as 500,000 new members added to the membership roles in March, a record for a single month, according to CUNA.

Loan volume is up by $2 million since January of this year at West Virginia Central CU, on the way to a goal of $8 million in growth by the end of Q3-a targeted increase of 14.5% over 2011.

It may finally be time to start working on plans to convert the card base from mag stripe to EMV.

U.S. EMV adoption could take off quickly once acceptance reaches a critical mass, say several payments analysts who share advice on implementing the chip card.

While magnetic stripe data can easily be skimmed, criminals can't do the same from a chip card.

As EMV moves closer to implementation in the U.S., there is some debate over whether chip and PIN or chip and signature will emerge as the preferred card technology.

While some payments analysts have said mobile payments could grow quickly and prompt the U.S. to skip right past chip cards, one person suggests that the advance of mobile could actually speed the adoption of EMV.

The costs for EMV plastic are expected be higher than mag stripe, especially in the early going. But wait too long to jump in and the CU may lose transactions to competitor's EMV cards.

Aris Jerahian, VP of client relations at The Members Group, in a white paper titled "Chip Card Debate: U.S. Weighs Benefits of PIN and Signature Formats," cites five considerations for financial institutions thinking about migrating to EMV.

When cardholders believe their payment method is more secure, they use it more.

United Nations FCU migrated to EMV more than a year ago and usage on its credit card portfolio has increased 30%, while revolving balances are up 25%.

A group of 70 climbers, including the CEO of United Nations FCU, that reached the summit of Tanzania's Mount Kilimanjaro to bring attention to the fight against gender-based violence in Africa, has returned to sea level.

CRI Solutions Signs Two CUsELKRIDGE, Md.-CRI Solutions, Inc., said it has signed multi-year agreements with Mid-Atlantic FCU and Point Breeze CU, both headquartered in Maryland, to provide its debt protection products, including life and disability protection, plus the ability to offer unemployment benefits to their eligible borrowers.For info: www.crisolutions.netVero Intro's New ID Theft SolutionsONTARIO, Calif.-Vero, a subsidiary of CU Direct Corporation and providers of identity recovery and vehicle aftermarket products and services for the credit union and automotive marketplaces, announced a series of new identify theft solutions specifically for credit unions and their members.For info: www.verocusolutions.comCorporate America, Sallie Mae Team UpIRONDALE, Ala.-Corporate America CU said it has partnered with Sallie Mae to offer the Smart Option Student Loan, a private student loan program designed to help students save money and pay off their loan faster than other alternatives.For info: www.salliemae.com/smartoptionFynanz Adds 5 CUs, Tops MilestoneNEW YORK-Fynanz, a technology provider of custom private student lending programs, added five credit unions to surpass 180 lending partners using its platform: $285-million Linn Area CU, Cedar Rapids, Iowa; $300-million City County CU, Fort Lauderdale, Fla.; $900-million Hanscom FCU, Hanscom AFB, Mass.; $300-million Cornerstone Community FCU, Lockport, N.Y.; and, $250-million Sooper CU, Arvada, Colo.For info: www.fynanz.comNAFCU Services Selects CheckAltWASHINGTON-NAFCU Services Corporation said it has selected CheckAlt as its Preferred Partner for Remote Deposit Capture (RDC) solutions. CheckAlt is a provider of automated and electronic check transaction processing solutions, including Remote Branch Capture (RBC) and Remote Teller Capture (RTC), and provides services in mobile capture, e-check services and merchant RDC.For info: www.nafcu.org/checkaltINVEST Financial Signs Seven CUsTAMPA, Fla.-INVEST Financial Corporation announced it will provide brokerage and investment services for seven credit unions from across the U.S.: $311-million TopLine FCU, Maple Grove, Minn.; $459-million Merck Sharp & Dohme FCU, Chalfont, Penn.; $373-million Crane FCU, Odon, Ind.; $365-million Hoosier Hills CU, Bedford, Ind.; $212-million Tampa Bay FCU, Tampa, Fla.; $126-million Emory Alliance CU, Decatur, Ga.; and, $109-million Tri County Area FCU, Pottstown, Penn.For info: www.investfinancial.comVisit www.cujournal.com today!

Credit unions often lose auto loans to dealerships without even knowing their members were looking, in part because the members didn't know, either.