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PHILADELPHIA – Three East Coast credit unions have launched a new CUSO called UnityXchange that is creating a trading platform where credit unions and banks can solicit and buy into loan participations based on member business loans.
March 14 -
TAMPA, Fla. – Florida’s biggest credit union, Suncoast Schools FCU, said this afternoon it signed with Fiserv to convert its data processing to the company’s Acumen system, the second big credit union win for Fiserv in as many weeks.
March 14 -
COLUMBUS, Ohio – Education First CU has introduced what it calls the smallest manned-branch in the industry, a 228 square-foot facility inside Clark Hall – a new state of the art multiple-classroom facility which is part of the Gahanna Jefferson School District..
March 14 -
RANCHO CUCAMONGA, Calif. -- CO-OP Financial Services unveiled a national consumer advertising campaign this morning called “Credit Unions Do” designed to promote credit union membership
March 14 -
SAN ANTONIO, Texas – Credit union executives urged Congress this morning to step in and alleviate a rapidly growing list of new regulations affecting credit unions and banks.
March 14 -
BIRMINGHAM, Ala. – An independent radio campaign by CUNA boosting Congressman Spencer Bachus in the prior three days helped the ten-term member of Congress and chairman of the House Financial Services Committee survive his toughest primary yesterday.
March 13 -
LOS ANGELES – A federal judge yesterday rejected requests from five WesCorp FCU executives being sued by NCUA for reimbursement of their legal fees during the case and told them to “get in line” with other WesCorp creditors after their case is completed.
March 13 -
LOS ANGELES – A member of Navy FCU was sentenced to 64 months behind bars for submitting a false loan application, obtaining a credit card in somebody else's name and running up charges on the account.
March 13 -
DALLAS – CU Members Mortgage has issued a CU Home Promise that guarantees a member’s home loan will close within 40 days of receiving documentation, otherwise it will pay the borrower $500 toward closing costs.
March 13 -
PEABODY, Mass. – Luso American CU said yesterday it paid its members a bonus dividend totaling $93,810.
March 13 -
ROCHESTER, N.Y. – ESL FCU said its ESL Charitable Foundation has contributed $500,000 to United Way’s Community Fund, one of the biggest charitable gifts ever from a credit union.
March 13 -
FORT WAYNE, Ind. – Heritage FCU said it hired MagniFI to design a 30,000-square-foot administrative facility and member center in Newburgh.
March 13 -
PORTLAND, Maine – Cumberland County FCU has extended its eDOC platform to include ProDoc Packages to give the credit union’s various departments uniformity in processes, creating digital “Packages” for making easy and consistent workflows for staff.
March 13 -
LINTHICUM, Md. – State Employees CU, Maryland’s second-largest credit union, has agreed to merge into it Anne Arundel County Employees FCU, an $82-million credit union based in nearby Annapolis, Md.
March 13 -
WALTHAM, Mass. – RTN FCU said it will provide its members a comprehensive suite of mobile wallet services and mobile financial services powered by Tyfone’s next generation mobile banking solution.
March 13 -
WICHITA, Kan. – Mid America CU is offering a different member experience inside its new eastside branch – a 900-square-foot cafe known as Savories Tasty Shop and Coffee House.
March 13 -
LOS ANGELES – NCUA agreed yesterday to settle civil negligence charges against a second WesCorp FCU executive for the 2009 failure of the one-time $32 billion corporate credit union, Robert Burrell, who was WesCorp’s chief investment officer.
March 13 -
CHANTILLY, Va. – Justice FCU and its members raised $20,000 for the Concerns of Police Survivors, or C.O.P.S., which supports families of police officers killed in the line of duty.
March 12 -
PHOENIX – Yesterday’s scheduled sentencing for the key witness in the AEA FCU member business loans trial – which has turned contentious – was rescheduled for April 9 by a federal judge.
March 12 -
SACRAMENTO, Calif. – The California Department of Financial Institutions, which has authority over 160 state chartered credit unions, said William Haraf, its commissioner since 2008, has resigned effective Thursday.
March 12