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NEW IBERIA, La. – Lafayette Schools’ FCU yesterday said it will offer its members mobile banking services, including a mobile browser and downloadable shortcuts for both the iPhone and the Android, through a partnership with Card Services For CUs and MShift.
February 1 -
NORRISTOWN, Penn. – The former CEO of United Food and Commercial Workers Local 1776 FCU was awarded a new trial by a state court, which determined she was not fully aware “of the nature of charges against her” in December 2010 when she decided to represent herself at trial for embezzlement for paying herself unauthorized raises.
February 1 -
PHILADELPHIA – American Heritage FCU will replace Citizens Bank in a local ShopRite store, after the bank decided to close the in-store branch.
February 1 -
PARKERSBURG, W.Va. – Members of West Virginia Corporate CU overwhelmingly approved its combination with Volunteer Corporate CU, the final approval needed for the merger creating a $1.4-billion corporate serving 335 members.
February 1 -
PHOENIX – Among all of the emerging turnaround stories for one-time troubled credit unions, none may be more impressive than that of Arizona FCU – a one-time $1.9-billion credit union which reported a $45 million net for 2011 after teetering on the brink the past three years.
February 1 -
TREVOSE, Penn. – TruMark Financial CU awarded $5,500 grants to each of three schools whose teachers agreed to kiss a pig in support of financial literacy at the credit union’s First Annual Kiss-A-Pig Financial Literacy Fundraiser last fall.
February 1 -
NORFOLK, Va. – A former car dealer on Wednesday pleaded guilty to charges of bilking Navy FCU out of $1.5 million in a used car scam.
February 1 -
DES MOINES, Iowa – Coopera, the consulting arm of the Iowa CU League, said eight credit unions have signed on to begin offering the Coopera Card, a reloadable Visa prepaid card built specifically for the Hispanic community.
February 1 -
ALEXANDRIA, Va. – Pentagon FCU said beginning Feb. 1, all members who use the PenFed Premium Travel Rewards American Express Card will earn three points per $1 spent on all their dining purchases, tripling the current rewards.
February 1 -
SAN ANTONIO – Generations FCU has agreed to open five branches in select H.E. Butt Grocery Co. (H-E-B) stores throughout San Antonio and Bexar County.
February 1 -
DENVER – First Data Corp. reported debt service related to its huge 2007 takeover continued to create losses at the transaction processing giant, even as growth in operating income helped trim the losses.
February 1 -
WASHINGTON – A North Carolina Congressman took NCUA to task this afternoon for penalizing all state chartered credit unions in his home state because one, State Employees’ CU, violated NCUA rules by publicizing its CAMEL code.
February 1 -
ALEXANDRIA, Va. – A top NCUA official told Congress this afternoon that proposed legislation to establish a new appeals process for credit union and bank examinations could prove unnecessarily costly and slow down the resolution of troubled credit unions, in some cases long enough to preclude NCUA from saving them.
February 1 -
MARIETTA Ga. – A state court yesterday returned a $75.4 million judgment against Delta Community CU in favor of residential developer David Pearson in a dispute over member business loans the credit union provided the local home builder.
February 1 -
MONETT, Mo. – Jack Henry & Associates reported a 7% rise in net income for its fiscal second quarter yesterday, fueled by a 5% increase in revenues.
January 31 -
SAINT JOSEPH, Mich. – Honor CU said it opened a Chieftain Student CU branch inside the Dowagiac Middle School yesterday, which will be run by eighth graders.
January 31 -
WATERLOO, Iowa – The City Council voted to purchase an Iowa Community CU branch for $814,000, to clear the way for construction of a planned $23-million indoor Cedar Valley SportsPlex.
January 31 -
WALL, N.J. – First Financial FCU is teaming with local radio station 94.3 The Point to give families the opportunity to win $1,000 each month to help pay their bills.
January 31 -
PITTSBURGH – Greater Pittsburgh Police FCU announced that Sandy Lazzara retired yesterday as president and CEO of the $56-million credit union, ending a 35-year career in the credit union movement.
January 31 -
JACKSONVILLE, Fla. – Coastline FCU yesterday said it hired John Clifford, president of Bank of Fall River, Mass., as president and CEO of the $125-million credit union.
January 31