CHICAGO-Credit unions are in a better position today than they were last year, but a number of "ongoing torpedoes" still line the waters ahead.

Speaking to the crowd assembled at the NASCUS summit here, Illinois Gov. Pat Quinn explained that his father, after serving in World War II, helped found a credit union.

Security Service FCU, San Antonio, Texas, promoted Gloria Onesty to VP, controller.

BOSTON-If credit unions combine an investment in technology with a strategic shift, they can tap into a market they historically have not penetrated: small businesses.

CLEVELAND-The CEO of defunct St. Paul Croatian FCU last week pleaded guilty to orchestrating a huge loan scheme that sunk the one-time $240-million credit union at a cost of $170 million to the insurance fund.

SOUTHWEST MNGMT., NCUA FAULTED IN CORP. FAILURE

Haiti's CUs Launch Remittances

An analysis of your member base will usually show that members havecommon traits regarding their business activities, profession, incomelevels, etc.

As a finance manager, you're going to work according to your pay plan. You are going to go with where you can make the most money, but also where you can get that deal bought. It's the last part of that sentence that should be of the most interest to credit unions looking to work with auto dealers.

ATLANTA – S1 Corp. announced this morning it has accepted a sweetened takeover offer from ACI Worldwide, after spurning ACI’s earlier bid.

NEW BEDFORD, Mass. – St. Anne CU marked its 100th birthday with a plaque from Gov. Deval Patrick and numerous tributes from state senators and representatives and city officials.

ERIE, Penn. – Erie General Electric FCU is calling on area residents to help name the newest resident at the Erie Zoo, a 10-foot-tall giraffe.

MIDLAND, Mich. – Dow Chemical Employees CU has signed with FamilyMint to offer the company’s financial literacy programs for youth.

SAN DIEGO – Point Loma CU last week said it is closing its branch in San Marcos because of underperformance.

TULSA, Okla. – Tinker FCU has acquired a retail bank branch that had been operated by Bank of America.

SAN JOSE, Calif. – Technology CU opened a new branch in nearby Palo Alto Saturday.

NEW LONDON, Conn. – NCUA on Friday said it granted a charter to Lawrence Memorial Hospital Employee FCU to serve any healthcare workers in Middlesex or New London counties, the first TIP charter granted this year.

SACRAMENTO, Calif. – Internal Revenue Service agents last week seized almost $250,000 from the accounts at SAFE CU of two local dispensaries in a probe into alleged concealment of medical marijuana proceeds and potential money laundering.

ALEXANDRIA, Va. – NCUA on Friday said it approved three more mergers for billion-dollar credit unions, continuing a trend of big credit unions getting bigger through mergers.

LOS ANGELES – RBS Securities on Friday asked a federal court to dismiss securities claims against it by NCUA in the failure of WesCorp FCU, saying the one-time $34-billion corporate credit union was a sophisticated investor and knew the risks of the almost $1 billion in residential mortgage-backed securities it bought from the Wall Street bank.