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BOULDER, Colo. – Elevations CU has been chosen by the U.S. Department of Energy to administer a $25 million energy efficiency loan program called EnergySmart.
December 20 -
KYLE, S.D. – Organizers say they have received preliminary approval for the contours of a credit union that will serve the Lakota Indians, also known as the Sioux, at their Pine Ridge Reservation here.
December 20 -
TUKWILA, Wash. – BECU, the nation’s fourth-largest credit union, announced this afternoon its longtime president Gary Oakland is retiring and will be succeeded by Benson Porter, the former president of First Tech CU.
December 20 -
DES MOINES – The Polk County board of supervisors voted this morning on a compromise name change for Veterans Memorial Auditorium, altering a controversial $2.5-million deal by Community Choice CU to affix its own name name to the popular sports and events venue.
December 20 -
LOS ANGELES – A federal judge yesterday questioned NCUA’s claims of malfeasance in the sale of mortgage-backed securities to WesCorp FCU by RBS Securities and issued a preliminary ruling that the credit union regulator has failed to show the Wall Street bank and related entities disregarded their own underwriting standards in the creation of and sale of the MBS.
December 20 -
MASSENA, N.Y. – SeaComm FCU has made a $15,000, three-year pledge to St. Lawrence County’s FISHCAP initiative.
December 19 -
HAGERSTOWN, Md. – Ongoing Operations, a business continuity and technology CUSO, on Monday said it has completed the acquisition of Thousand Oaks, Calif.-based Cloudworks, one of the first and most experienced cloud-based solutions providers.
December 19 -
FAIRFAX, Va. – Apple FCU opened a new student-run branch in Tuscarora High School in Leesburg, Va., the credit union’s 33rd in-school branch.
December 19 -
SAN JOSE, Calif. – The Federal Home Loan Bank of San Francisco yesterday awarded Meriwest CU $45,000 in AHEAD grants – for Access to Housing and Economic Assistance for Development – to help support local community development and housing programs.
December 19 -
BATTLE CREEK, Mich. – Kellogg Community FCU has partnered with Insuritas, a provider of outsourced insurance agencies, to provide a newly formed insurance agency.
December 19 -
ELKHARDT, Ind. – INOVA FCU has installed Mortgagebot’s PowerSite, an integrated, point-of-sale multi-channel online lending solution.
December 19 -
ALGIERS, La. – Navy FCU continued its branch openings with a new facility opened yesterday here on the west bank of the Mississippi River.
December 19 -
HARRISBURG, Penn. – Pennsylvania credit unions received more than $300,000 in incentive checks for their participation in Invest In America’s Sprint mobile phone program.
December 19 -
ST. JOSEPH, Mich. – Honor is merging with Allegis CU in Kalamazoo, creating a $400-million regional credit union.
December 19 -
ALEXANDRIA, Va. – NCUA on Monday said it approved three more interstate mergers, clearing the way for large credit unions to expand into adjoining states.
December 19 -
LIVONIA, Mich. – Savers have just 11 more days in 2011 to open a credit union savings account to join the Michigan credit unions’ $100,000 Save to Win contest.
December 19 -
NEW ORLEANS – A federal appeals court yesterday overturned a lower court ruling and ordered the lower court to hear a suit by a former collections manager at Greater New Orleans FCU who claims she was fired because she reported allegations of fraudulent loans to NCUA and the FBI.
December 19 -
BIRMINGHAM, Ala. – NCUA announced this morning it liquidated Birmingham Financial FCU, a $1.3 million community development credit union it has run under conservatorship since October and assigned the remnants of the year’s 15th credit union failure to $113 million eCO Credit Union of Birmingham.
December 19 -
SAN DIEGO-Credit unions should be seeing more competition from big banks that are loosening lending policies to reach more subprime borrowers.
December 19 -
BIRMINGHAM, Ala.-The most valued "brands" in credit unions have remained largely stable in 2011 over 2010, while banks have seen "widespread change," according to the 2011 Bancography Brand Value Index, released last week.
December 19