DALLAS – CU Members Mortgage reports it is seeing a 65% conversion rate and an acceleration of loan processing since it launched PowerSite, an integrated point-of-sale solution (IPOS) available from Mortgagebot.

WASHINGTON – The Treasury Department is stepping up efforts to unwind its remaining commitments from the 2008 bailout.

CHARLOTTE, N.C. – Bank of America has agreed to pay $315 million to settle claims by investors that they were misled about mortgage-backed investments sold by its Merrill Lynch unit.

TEMPLE, Texas – Five credit unions here and in Waco, Texas, are reporting a widespread phishing expedition by scammers, who are contacting members with messages that plastic cards have been deactivated and then asking for account information in order to restore service.

HONOLULU – Today marks Pearl Harbor Day, and with it a little known piece of credit union history.

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 yesterday.

WASHINGTON – CUNA’s downward revision of the number of new members who joined credit unions as a result of Bank Transfer Day led to headlines yesterday that included “Credit Unions Eat Crow On Customer Numbers” and “Banks Revel in Credit Union Gaffe.”

MADISON, Wis. — After leading the Credit Union Executives Society for more than 22 years, Fred Johnson will retire Dec. 31, 2012.

MADISON, Wis. – The National Credit Union Foundation (NCUF) has launched a two-week promotion in which it will give away a pair of tickets to the Herb Wegner Memorial Awards dinner on March 19 in Washington.

McLEAN, Va. – There will be a little less Grinch at Freddie Mac this season.

PAWTUCKET, R.I. – Two credit unions here with similar names have cancelled plans to merge.

PETERBOROUGH, N.H. – Two more credit unions sold their credit card portfolios in the third quarter.

PROVO, Utah – MoneyDesktop, a personal financial management solution, has teamed up with Share One, Inc., a technology CUSO out of Memphis, Tenn., integrating the MoneyDesktop offering into Share One’s online banking platform.

PLANO, Texas – In just its second month of operation, Catalyst Corporate FCU reported it has achieved “well-capitalized” status, an objective it had projected to reach in 2013.

SAN DIEGO – The TCU Horned Frogs will square off against the Louisiana Tech Bulldogs in the only credit union-sponsored college football bowl game, the San Diego County Credit Union Poinsettia Bowl.

SAGINAW, Mich. – The Serverside Group has granted a license of its U.S. card customization patents to CUSO Design One Creative here.

BATTLE CREEK, Mich. – OMNI Community CU will be paying $1 million to its members in its 4th Annual Cashback Rebate.

NEW YORK – Despite Bank Transfer Day getting started via a Facebook post, most of the social media traffic about the event appears to have been generated through Twitter, according to one new analysis.

WASHINGTON – CUNA has revised down the number of new members credit unions attracted during September and October as part of the Bank Transfer Day hoopla by about one-third.

More CUs Enter Into Mergers