CLEVELAND – A popular business man has been indicted on charges of fraudulently obtaining almost $17 million in loans from St. Paul Croatian FCU, the one-time $240 million credit union that went bust in 2010.

SAN DIEGO – Core processing vendor Corelation reported it has entered into an agreement with Wescom Resources Group (WRG) to package WRG’s online and mobile banking products with Corelation’s KeyStone core processing system.

BOILING SPRINGS, Penn. – Gordon Graves, a longtime IBM employee who chartered a local IBM employees’ credit union that later became Americhoice FCU, died Monday at 79.

MONTGOMERY, Ala. – MAX FCU contributed $25,000 to MANE, a local program that uses horse riding to aid the physically disabled.

MASSENA, N.Y. – A former teller at SeaComm FCU was jailed without bail after she allegedly tried not once, but twice, to substitute a different urine sample in a court directed drug test.

PORTSMOUTH, N.H. – Service CU opened its eighth Walmart branch in Concord.

SAN DIEGO – Mitek Systems, developer of mobile remote deposit capture technology, reported a tiny net of $26,275 for its fiscal first quarter, compared to an $800,000 loss for the same period last year, as revenues more than doubled for the quarter.

SAN FRANCISCO – Visa, Inc., on Tuesday said it used 9% of its Class B shares owned by credit unions and banks to finance an $1.6 billion deposit to its litigation escrow account, which will be used to pay a planned settlement of civil antitrust charges brought by merchants.

ST. LOUIS – The Missouri CU Association said its iVia Exchange Services check processor has signed with Viewpointe to offer the company’s Pointe2Pointe Internet connectivity to its image exchange network.

DES MOINES, Iowa – Dwolla, a credit union-financed, low-cost payments company, on Tuesday said it raised $5 million in new venture capital funds.

NEW HAVEN, Conn. – Three credit union organizations have received funding from Innovations for Poverty Action under the anti-poverty group’s U.S. Household Finance Initiative.

LIVE OAK, Texas – Randolph-Brooks FCU is paying members more than $6.6 million in debit card cash back later this month.

ANTIGO, Wis. – CoVantage CU said this morning it launched a multi-mode mobile banking solution from Tyfone that offers a variety of non-standard services like account aggregation, remote deposit capture and bill pay, as well as a path to NFC contactless payments.

DULUTH, Ga. – ATM maker NCR Corp. reported a $9 million fourth quarter loss yesterday, caused by a $70 million impairment charge for the company’s entertainment business, which manufactures movie theatre kiosks and machines distributing DVDs.

MOUNT AIRY, Md. – Kroll Bond Rating Agency, a new company billing itself as an alternative to traditional Wall Street rating agencies, introduced a new methodology for rating credit unions yesterday.

DEER PARK, Texas – Shell FCU said it has signed with CoreTrac to implement the company’s ResourceOne and LINK customer relationship management system.

SMITHFIELD, R.I. – Navigant CU has chosen Fiserv’s Acumen account processing solution with ASP delivery, as well as several integrated solutions from Fiserv.

FITCHBURG, Mass. – Workers’ CU said it is offering free checking in Massachusetts for members or new members.

NEW YORK – Bethex FCU is partnering with Lexington Vocational Services Center to offer free income tax preparation services to deaf individuals in the five boroughs of New York City.

RALEIGH, N.C. – State Employees’ CU announced its SECU Foundation has partnered with the North Carolina Housing Finance Agency to finance residential group homes in Lee and Randolph counties.