NCUA last week said a credit union may bar an employee who agreed to resign instead of being fired from running for the board of directors under a proposed separation agreement.

Fueled by higher bank fees and the Bank Transfer Day movement, credit unions scored some of their biggest membership gains ever in the second half of 2011.

Trust for Credit Unions, Washington, named long-time trustee Jim Barr chairman.

CUNA Mutual Group sees great opportunities for credit unions in the mobile banking channel, but there are significant obstacles to overcome.

CUS BID TO SAVE GOVERNMENT

NAFCU Promotes 2 In Gov't Affairs

CUES, CUNA and NAFCU could all abandon their management school curriculum and just have CEOs who have been in the trenches sit down in front of classes and talk about their experiences.

The auto lending market is improving and credit unions are increasing their focus in this market to tap into the profit potential, as they continue to win over unhappy bank customers.

Call report instructions should be modified in order to properly measure the magnitude of long-term assets and interest rate risk.

NEWARK, N.J. – A federal court Friday issued an order effectively requiring CUNA Mutual Group’s CUMIS Insurance Society to cover millions of dollars of losses suffered by New York’s Sperry Associates FCU in the massive mortgage fraud committed by U.S. Mortgage and its CU National Mortgage unit.

NEW YORK – American Express has overtaken MasterCard to gain second place among credit card brands in the U.S. based on spending at merchants, according to The Nilson Report.

FORT WAYNE, Ind. – A man who failed in his attempt to rob a Freedom Financial CU branch last week was sentenced to four years in prison.

MECHANICSBURG, Penn. – AmeriChoice FCU opened a branch inside Cedar Cliff High School in Lower Allen Township last week.

ANTIGO, Wis. – CoVantage CU is working with D.C. Everest Junior High School and John Muir Middle School to offer a savings program to students called “Mad About Money.”

NORWICH, Conn. – CorePlus FCU has launched private student lending solutions through CU Student Choice to help fill the funding gaps that scholarships, grants and federal aid can leave behind.

ROANOKE, Va. – Freedom First FCU has acquired a new branch with the merger of $10-million Carilion FCU.

SAN JOSE, Calif. – San Jose CU turned 80 years old Sunday and is celebrating by giving away 80 prizes, including cash, movie tickets and other largesse.

ALEXANDRIA, Va. – NCUA said it is offering a free mobile application that will allow consumers to find the nearest credit union branch.

LOS ANGELES – Two former executives have agreed to settle civil negligence claims with NCUA, leaving charges pending against three representatives of the one-time $32-billion corporate credit union.

MADISON, Wis. – RBS Securities rebutted efforts by CUNA Mutual Group to force it to buy back $72 million worth of troubled mortgage backed securities it sold, saying the credit union insurer’s complaint should instead be targeted at others, including the lenders who originated the loans, the Wall Street agencies who rated the bonds, real estate appraisers and even borrowers of the loans packaged into the securities.