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WARRENVILLE, Ill. – Alloya Corporate FCU, the remnants of Members United Corporate FCU, a one-time $14-billion corporate, yesterday reported 2011 net income of $9.6 million on what is now just $1.7 billion of assets.
February 16 -
HANSCOM AIR FORCE BASE, Mass. – Hanscom FCU yesterday rolled out its own insurance agency, which will offer car insurance, homeowners insurance, life insurance, business insurance and renters insurance, as well as specialty products such as wedding and pet insurance.
February 16 -
PALO ALTO, Calif. – Two women were sentenced to prison Wednesday for draining $256,000 from the accounts of an elderly couple at Addison Avenue FCU, now knownas First Tech CU.
February 16 -
NEW YORK – The MacArthur Foundation announced $15 million in Awards for Creative and Effective Institutions, including a $2 million grant for the Center for Responsible Lending, the consumer lobby affiliate of Self-Help CU.
February 16 -
DURHAM, N.C. – Self-Help FCU on Thursday announced a low-interest loan program to finance energy-efficiency projects in Charlotte, Atlanta and six other cities.
February 16 -
BROCKTON, Mass. – HarborOne CU, New England’s second largest credit union, is the latest credit union giant to be considering a conversion to bank, which would be the biggest credit union conversion yet.
February 16 -
ALEXANDRIA, Va. – The NCUA Board this morning approved the combination of Ohio’s Corporate One FCU with Florida’s Southeast Corporate FCU, the fifth corporate merger over the past few months, whittling down the number of corporates to 15.
February 16 -
EUGENE, Ore. – A prominent Honda dealer was sentenced to prison yesterday after pleading guilty to passing as much as $20 million in non-sufficient funds between his account at Northwest Community CU and PremierWest Bank in a check kiting scheme that cost the two institutions almost $3 million in losses.
February 16 -
DES MOINES, Iowa – The Members Group has implemented DefenseEdge, the latest fraud prevention tool from First Data, a provider of electronic commerce and payment processing.
February 15 -
TORRANCE, Calif. – Honda FCU has signed with Wolters Kluwer Financial Services to help it update its master disclosure document quickly and in compliance with state and federal requirements.
February 15 -
BILOXI, Miss. – Keesler FCU has implemented JHA Payment Processing Solutions’ card processing service.
February 15 -
MANSFIELD, Texas – Texas Trust CU has joined Allpoint’s surcharge-free ATM network, offering members access to 43,000 ATMs.
February 15 -
SAN ANTONIO – San Antonio FCU has signed with Vertifi Software to offer its DeposZip Mobile remote deposit capture solution to its members.
February 15 -
VIRGINIA BEACH, Va. – NMW FCU will increase its full-service branches on Virginia’s Eastern Shore to three with the opening of two on the same day.
February 15 -
SAN ANTONIO – Generations FCU will host an Auto Tent Sale from 9 a.m. to 3 p.m. at its northwest branch on Saturday.
February 15 -
PLANO, Texas – Catalyst Corporate FCU yesterday said it plans to offer credit unions a secure and affordable alternative for processing lockbox payments next month.
February 15 -
WASHINGTON – Credit unions have thrown their support behind a bill that would ensure privileged information provided to the new Consumer Financial Protection Bureau will remain confidential.
February 15 -
RALEIGH, N.C. – Coastal FCU, the one-time IBM employees credit union, announced this morning its long-time CEO Larry Wilson is ending a 38-year tenure and retiring from the $2 billion credit union July 1.
February 15 -
ROCHESTER, N.Y. – ESL FCU has introduced Intuit’s Tablet Banking for the iPad, making it easier for people to manage their finances from mobile devices.
February 15 -
EAST HARTFORD, Conn. – First New England FCU has migrated to Jack Henry & Associates’ Symitar EASE (Episys as a Service outsourced) processing solution.
February 14