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GREENSBORO, N.C. – The former owner of a string of downtown nightclubs yesterday was sentenced to four years probation for lying on loan applications to borrow $2 million from local lenders, including a $1 million member business loan from Truliant FCU.
March 22 -
LOS ANGELES – NCUA on Thursday told a federal court here Goldman Sachs & Co. violated an agreement between the two parties that suspended the running of the statute of limitations on securities claims related to the failures of U.S. Central FCU and WesCorp FCU while the two sides negotiated a settlement.
March 22 -
HOUSTON – A federal court has rejected civil claims brought by five credit unions and one bank in the massive 2008 data breach at Heartland Payment Systems that exposed millions of credit union and bank cardholders to fraudulent transactions.
March 22 -
BROCKTON, Mass. – Directors at HarborOne CU, New England’s second largest credit union, voted unanimously last night to put the issue of whether to convert to a state chartered cooperative savings bank to the credit union giant’s 180,000 members.
March 22 -
CEDAR RAPIDS, Iowa – Collins Community CU has signed with Geezeo to implement the company’s integrated white label personal financial management solution and engagement banking platform.
March 21 -
HUNT VALLEY, Md. – Point Breeze CU has signed a multi-year contract with CRI Solutions to offer the company’s debt protection products to its members.
March 21 -
HANSCOM AIR FORCE BASE, Mass. – Hanscom FCU has signed with Fynanz to offer the company’s customizable private student loans platform.
March 21 -
DUNCAN, Okla. – Halliburton Employees’ FCU has signed with COMPASS 4 CUs for regulatory compliance services, including reviews of Bank Secrecy Act compliance, policies and procedures, marketing, website, and training.
March 21 -
SAN DIEGO – San Diego County CU said it is now offering a full range of mobile banking capabilities with Mobiliti and Mobile Source Capture from Fiserv.
March 21 -
SPOKANE, Wash. – Spokane Teachers CU has signed a multi-year contract with First Data Corp. to be part of its STAR Network for ATMs and point of sale.
March 21 -
PLEASANTON, Calif. – Patelco CU said its Patelcorp CUSO signed with InvestDaily to allow credit union members to invest their Health Savings Accounts in mutual funds on the company’s SaveDaily platform.
March 21 -
CLYDE, Ohio – The former president of Clyde-Findlay Area CU filed suit against the credit union, claiming the board used a false allegation that he had an inappropriate affair with a female subordinate to fire him last November.
March 21 -
CINCINNATI – Vantiv, a card processor for 800 credit unions known until last July as Fifth Third Processing Solutions, hopes to raise as much as $520 million today with an initial public offering on the New York Stock Exchange under the symbol VNTV.
March 21 -
WASHINGTON – As they visited Capitol Hill this week more than 1,100 bankers carried a variety of messages, including opposition to the credit union business lending bill, but it all boiled down to this: they told lawmakers there is virtually no difference between community banks back home and credit unions, except for the financial advantage credit unions have through their tax exemption.
March 21 -
NEW YORK – A federal judge declined yesterday to dismiss charges that Barclays Capital packed a collateralized debt obligation it sold to Eastern Financial Florida CU with junk, hastening the demise of the one-time $2.4 billion credit union, the biggest natural person credit union failure ever.
March 21 -
BRANDON, Fla. – The old Brandon Hometown Buffet, a favorite local eatery on Sunday mornings, will become a branch of Mid Florida CU this summer.
March 20 -
TEMPE, Ariz. – Altier CU signed with TRC Interactive for the company’s First Line of Defense–Fraud Detection and Loss Prevention Challenge, an online exercise to keep staff focused on the latest frauds.
March 20 -
GERMANTOWN, Md. – Mid-Atlantic FCU signed with CRI Solutions to provide its members with debt protection products.
March 20 -
CEDAR RAPIDS, Iowa – Linn Area CU has signed with Fynanz to provide it with a private student loan program.
March 20 -
VACAVILLE, Calif. – Travis CU said it signed with Fiserv for its Acumen core processing platform in-house delivery in a multi-product agreement.
March 20