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ST. PAUL, Minn. – Postal CU rolled out its new online banking and bill pay service, designed to increase functionality and add much-asked for features such as Notify Me alerts, a simplified yet secure login process, automatic passcode reset, person-to-person, secure messaging and bill presentment.
January 31 -
SEATTLE – Seattle Metropolitan CU has named Richard Romero, the chief operations officer at Los Angeles Firemen’s CU, as president and CEO of the $570-million credit union.
January 31 -
RALEIGH, N.C. – Coastal FCU on Tuesday said it has signed with CUSO Financial Services, LP, to provide investment services to the $2-million credit union’s members.
January 31 -
CLEVELAND – Balkans underworld figure Koljo Nikolovski has agreed to forfeit $850,000 in an Albanian bank account as part of his plea agreement on fraud and money laundering charges in the 2010 collapse of St. Paul Croatian FCU – but authorities say they still cannot locate millions more Nikolovski and his accomplices are believed to have wired to the Balkans.
January 31 -
ALEXANDRIA, Va. – NCUA said this morning it disagrees with yesterday’s tentative ruling by a federal judge dismissing its suit against RBS Securities in the failure of WesCorp FCU, a ruling that could jeopardize similar suits against JP Morgan Chase, Goldman Sachs and Wells Fargo for the sale of risky mortgage backed securities to five failed corporate credit unions.
January 31 -
CLEVELAND – Koljo Nikolovski, a Balkan crime figure known in Macedonia as “Koljo the American” for his dual citizenship, pleaded guilty yesterday to bribery, fraud and money laundering charges in the massive loan scheme that sunk St. Paul Croatian FCU in 2010.
January 31 -
SALT LAKE CITY – Mountain America Credit Union said it was recognized as one of Utah’s Best Places to Work by the State of Utah Department of Workforce Services Office of Work & Family Life.
January 30 -
RANCHO CUCAMONGA, Calif. – CO-OP Financial Services has named the three finalists for the second annual CO-OP THINK Prize, which includes a $10,000 grand prize presented by MasterCard.
January 30 -
NEDERLAND, Texas – DuPont Goodrich FCU donated $93,000 to several non-profit organizations as part of its annual Dugood by Giving Campaign.
January 30 -
NEW YORK – ACI Worldwide said it has extended its exchange offer for the shares of S1 Corp. until Feb. 10 as the U.S. Department of Justice continues to review the antitrust implications of the deal.
January 30 -
DECATUR, Ga. – ATM maker NCR Corp. said it has acquired a minority stake in uGenius Technology, a maker of video tellers for credit unions and banks.
January 30 -
DOVER, Ohio – The more than 35,000 members of Dover-Phila CU received a year-end bonus dividend for the 17th consecutive year, this year totaling $1.6 million.
January 30 -
MIDLAND, Mich. – Dow Chemical Employees’ CU paid its members a $7.3-million bonus, one of the biggest credit union payouts of the year.
January 30 -
COLONIE, N.Y. – CapCom FCU has filed an application with town officials to build a new four-story headquarters.
January 30 -
CHICAGO – AFL CIO Employees FCU last week was approved by NCUA to add the Service Employees International Union, Local 1, to its field of membership.
January 30 -
COLLINSVILLE, Ill. – Scott CU, a former defense credit union that now serves 17 southwest Illinois counties, was approved by state regulators in Missouri to serve almost 1 million residents in adjacent St. Louis County, Mo.
January 30 -
SAN DIEGO – North Island CU, which teetered on the brink just two years ago after $103 million in losses for 2008 and 2009, reported a strong $17.8 million net for 2011, its second straight year in the black.
January 30 -
RICHARDSON, Texas – Texans CU, a one-time $2-billion credit union being run under conservatorship by NCUA, followed up 2010’s $39.4 million loss with a loss of $88.7 million for 2011, one of the biggest ever for a credit union, NCUA reported yesterday.
January 30 -
LOS ANGELES – A federal judge on Monday indicated he plans to dismiss NCUA’s suit against RBS Securities for the sale of failed mortgage backed securities it sold to WesCorp FCU, a ruling that potentially jeopardizes all of NCUA’s claims against Wall Street banks for the failure of the five corporate credit unions.
January 30 -
PALO ALTO, Calif. – Addison Avenue Investment Services, the investment CUSO for First Tech FCU, announced today it has transferred its vast broker-dealer services contract to Raymond James.
January 30