BIRMINGHAM, Ala. – NCUA this afternoon banned the former CEO of Alabama Central CU from the credit union industry for stealing $140,000 through a fictitious billing scheme.

One Nevada Credit Union offered this Top 10 list of auto loans it has refinanced for people.

The Credit Union National Association does not foresee signficant harm coming to credit unions as the result of lawsuits and potential lawsuits against overdraft programs.

SIOUX FALLS, S.D.-- Nearly 100 financial service professionals in this state joined with Sen. Tim Johnson and Richard Cordray, the new director of the Consumer Financial Protection Bureau, with the credit unions on hand, not surprisingly, expressing frustration at the growing regulatory burden even though those in attendance are exempt from many of the new rules.

LOS ANGELES – NCUA told a federal judge it has the authority to deny insurance coverage for top executives of WesCorp FCU who are defending themselves against a negligence suit brought by the agency because of the federal government’s role as conservator of the failed institution.

ALEXANDRIA, Va. – NCUA said yesterday a credit union need not obtain an appraisal when selling a participation interest in a seasoned member business loan.

DULUTH, Ga. – ATM maker NCR reported a more than doubling in first quarter earnings yesterday, to $29 million, amid an 18% rise in revenues.

KETTERING, Ohio – Day Air CU will install eDOC Innovations’ DocLogic Suite for automated electronic document processing, eSignature and workflow management.

BAKERSFIELD, Calif. – Kern FCU has signed with TRC Interactive to implement the company’s First Line of Defense – Fraud Detection and Loss Prevention Challenge, an online exercise to keep staff focused on the latest frauds.

REDONDO BEACH, Calif. – South Bay CU said yesterday it signed with Sallie Mae to offer the student loan giant’s Smart Option private loan to its members.

GALVESTON, Texas -- Ongoing, strong membership growth across the country is not keeping the Texas CU League from rolling out new efforts aimed at getting more consumers to leave their banks.

WASHINGTON – Long-term mortgage rates held steady this week still near record lows, according to Freddie Mac.

SEWARD, Neb. – The 35-year-old manager of H.B.E. CU, which has less than $1 million in assets, was charged by federal prosecutors yesterday with embezzling $661,765 from the tiny credit union.

ROCKFORD, Ill. – A collections supervisor at Rock Valley CU was sentenced yesterday to nine years behind bars for stealing $122,110 from the Loves Park credit union.

DALLAS – Catalyst Corporate FCU filed a preemptive suit in federal court yesterday against a local patent troll that has threatened to sue the $4 billion corporate credit union on behalf of an anonymous patent holder for patent infringement on electronic processing technologies.

GLENDALE, Calif. – Joseph Melchione, the pony-tailed surfer who built his law firm Styskal, Wiese & Melchione into the nation’s leading credit union law firm, died Tuesday at his home from lung cancer at 64.

ANCHORAGE, Alaska – Denali Alaskan FCU said this morning it signed with Diebold to replace its fleet of 48 ATMs with the company’s Opteva advanced technology machines.

SANTA CLARA, Calif. – KeyPoint CU, the $800 million credit union serving hundreds of high tech companies in Silicon Valley, announced this morning it hired Brad Canfield, the former chief financial officer at BECU and more recently president of Washington’s 1st Security Bank, as its new CEO.

SEATTLE – BECU has awarded a $2,500 grant to Lake Hills Elementary School to pay for a tutor for the upcoming MSP (Measurements of Student Progress) tests.

FAIRFAX, Va. – Apple FCU opened its 21st branch last week, inside the Winchester Medical Complex.