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BREA, Calif. – Credit Union of Southern California, in the process of integrating Pomona’s Inland Empire CU after this summer’s acquisition of the $40-million credit union, has applied to state regulators to add North Orange County CU.
November 8 -
NEW ORLEANS – As the surge of new member sign-ups passes, credit unions are now looking to boost loans among those same new members.
November 8 -
ALEXANDRIA, Va. – NAFCU called on NCUA to freeze the agency’s budget and look for new opportunities to cut spending after two years of big spending increases that increased the agency’s budget by a whopping $45 million, or 27%.
November 8 -
WASHINGTON – CUNA said this afternoon that credit unions added an estimated 40,000 new members and as much as $80 million in new deposits on Saturday, Bank Transfer Day.
November 8 -
TAMPA, Fla. – Suncoast Schools FCU said this morning it replaced 94 of its ATMs with advanced automation Diebold Opteva ATMs featuring rapid processing technology and Agilis 3, Diebold's newest, multi-vendor software solution.
November 8 -
FERNDALE, Mich. – Credit Union ONE awarded $67,000 in scholarships to Oakland University Honors College students.
November 7 -
CHICAGO – Alliant CU on Monday said its Alliant CU Foundation awarded $40,000 in grants to four charities chosen by voters on a Facebook election.
November 7 -
BELLINGHAM, Wash. – Whatcom Education CU has donated $17,648 to 10 local non-profit organizations as part of its annual social responsibility campaign.
November 7 -
WEST CHESTER, Penn. – Benchmark FCU has joined the Pennsylvania CU Service Centers, adding its four branches to the local shared branch network.
November 7 -
HERNDON, Va. – Northwest FCU yesterday announced its CEO of the past five years, Gerrianne “Winky” Burks, is retiring after 40 years working for the $2-billion credit union.
November 7 -
HARBOR, Ore. – NCUA reported that additional loan losses provisions for Chetco FCU created a $13.7 million loss at the troubled credit union, leaving the one-time $375-million credit union with slightly more than 1% net worth at the end of the third quarter.
November 7 -
NEW YORK – A Malaysian man who was arrested at Kennedy Airport with some 120,000 credit card accounts on his laptop less than two hours after he entered the U.S. last year, was sentenced Friday to 10 years in jail for hacking into computer systems at the Federal Reserve and credit union processor FedComp.
November 7 -
ATLANTA – S1 Corp., in the process of being acquired by ACI Worldwide, on Monday said 15% growth in revenues fueled a 10-fold increase in third quarter earnings to $8 million, up from just $892,000 for the third quarter last year.
November 7 -
HOUSTON – Rapidly expanding Cardtronics, the key electronic funds switch for credit unions, reported a 126% surge in third quarter earnings yesterday, due to continued growth in revenues and one-time charges.
November 7 -
MIAMI – A federal judge on Monday gave final approval to a $410 million settlement in a class-action lawsuit affecting more than 13 million Bank of America customers who had debit card overdrafts during the past decade.
November 7 -
NEW ORLEANS – If lending is to make any kind of comeback in the next year, credit unions will need to find a way to deal with the growing compliance burden, and do a better job of keeping the loans they already have.
November 7 -
BETHPAGE, N.Y. – Credit unions around the country are reporting their best one-day membership gains for Saturday’s Bank Transfer Day, with hopes the momentum will continue building in the coming weeks and months.
November 7 -
ST. PETERSBURG, Fla. – PSCU Financial Services has expanded its CURewards program by adding a new merchant-funded online shopping function called CURwards Mall, in time for holiday shopping season.
November 7 -
KANSAS CITY – Mazuma CU announced this morning it promoted its chief financial officer Brandon Michaels to be president of the $450 million credit union, believed to be the first third-generation credit union CEO.
November 7 -
WASHINGTON-Representatives of the African-American Credit Union Council were in attendance at the dedication ceremony for the new Martin Luther King Memorial on the National Mall here.
November 7