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HARBOR, Ore. – NCUA said it has hired Gary Jester, a work-out specialist who headed troubled Rapid City Telco FCU from August 2010 to June 2011, to run troubled Chetco FCU as conservator.
September 28 -
ST. LOUIS – Missouri Corporate CU said its members have exceeded its capital call of $17.5 million, which will allow it to retain $20 million in perpetual contributed capital and return $2.6 million of the over-subscription to members.
September 28 -
IRONDALE, Ala. – Corporate America CU on Wednesday said it will begin offering debit and credit card services to its member credit unions through a new partnership with PSCU Financial Services.
September 28 -
CLEVELAND – Authorities said a purported Albanian crime leader charged in last year’s failure of St. Paul Croatian FCU is being held in jail while he awaits trial on the massive fraud that sunk the one-time $240-million credit union.
September 28 -
ALEXANDRIA, Va. – An internal report issued by NCUA this afternoon said the agency’s Office of Corporate CUs failed to identify the Texas corporate’s high concentration of investments, which led to the 2010 failure of the one-time $12 billion corporate.
September 28 -
NEW YORK – ACI Worldwide, rebuffed in its bid to acquire S1 Corp., said this morning it has extended its hostile takeover offer for the credit union service provider until Oct. 31.
September 28 -
LIVERMORE, Calif. – UNCLE CU has hired Harold Roundtree, senior vice president retail banking at nearby Technology CU, as president and CEO of the $235-million credit union.
September 27 -
ALLENTOWN, Penn. – The credit union community is mourning this week’s loss of Fran Muto, recently retired president of $380-million credit union People First FCU since 1974.
September 27 -
PHOENIX – Arizona State CU granted $34,000 to 18 students and alumni of Arizona universities and colleges through its Community Leaders Scholarship and Loan Reduction Grant program.
September 27 -
PORTLAND, Ore. – Advantis CU said yesterday it will be offering $50,000 in grants to local non-profits through a new Advantis Grow Fund.
September 27 -
LEBANON, Ore. – Members of Linn-Co FCU are invited to look to the stars Saturday during the credit union’s 12th annual Star Gazing Extravaganza at a local golf course.
September 27 -
ST. LOUIS – St. Bernadette CU has applied to state regulators to serve all 1 million residents of surrounding St. Louis County.
September 27 -
ENDICOTT, N.Y. – Visions FCU opened a branch in the lobby of Union-Endicott High School, the first student-run credit union branch in Broome County.
September 27 -
WARREN, Mich. – EXTRA CU has sold its $16-million credit card portfolio to TMG Financial Services.
September 27 -
PLAQUEMINE, La. – Dow Louisiana FCU has automated the transport of insurance documents with the integration between Integrated Media Management's TotaleAtlas solution and CUNA Mutual Group.
September 27 -
LAKE COUNTY, Ill. – Consumers CU has signed with VSoft to implement the company’s merchant remote deposit capture, home/office and mobile RDC, and branch item capture solutions.
September 27 -
CHENEY, Wash. – Police are searching for thieves who broke into the Pence Student Union on the Eastern Washington University campus early last Wednesday morning and emptied an ATM owned by Spokane Teachers CU.
September 27 -
LAS VEGAS – Marketing to single females and hosting home buying seminars are just two of several ways credit unions can capture mortgage loans, according to experts who spoke at the America Credit Union Mortgage Association’s Annual Conference here Tuesday.
September 27 -
CLEVELAND – The CEO of defunct St. Paul Croatian FCU on Tuesday pleaded guilty to orchestrating a huge loan scheme that sunk the one-time $240-million credit union at a cost of $170 million,
September 27 -
WASHINGTON – Credit unions are asking the Federal Reserve to exempt them from stiff new disclosure requirements on international remittances, one of the dozens of provisions included in the Dodd-Frank Act the Fed must implement.
September 27