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What if NCUA had used college football rankings to decide which corporates survived and which didn't. Would the CU community have been better off?
September 26
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PORTLAND, Maine – A former card services manager at Atlantic Regional FCU on Friday pleaded guilty to stealing more than $500,000 from the Brunswick credit union.
September 25 -
RALEIGH, N.C. – State Employees’ CU said its SECU Foundation, which has been helping building a network of critical care hospices throughout the state, has committed $1 million to the construction of the Crystal Coast Hospice House in Newport.
September 25 -
GLENDALE, Calif. – Sixteen Los Angeles County teachers named teacher of the year were rewarded with $1,000 prizes by California CU, the main sponsor of the award.
September 25 -
La PORTE, Ind. – La Porte FCU has converted its check processing to VSoft’s global data center, VServe.
September 25 -
ORLANDO, Fla. – FAIRWINDS CU has signed with NASCAR’s Rosarius Racing to sponsor its No. 18 Chevrolet truck driven by Jason Rosarius.
September 25 -
LONGVIEW, Wash. – Fibre FCU has signed with On Your Way to provide it with the company’s Generation Y marketing program.
September 25 -
YUMA, Ariz. – AEA FCU, taken over by NCUA amid a member business loan scandal, on Friday was hit with a $34 million lawsuit by a local developer claiming the credit union unfairly sued him for collection of his capitalized loan and cut off his line of credit.
September 25 -
HARBOR, Ore. – NCUA late Friday took under conservatorship Chetco FCU, a one-time $375-million credit union in Harbor, Ore., that has wracked up big losses the past few years.
September 25 -
LOS ANGELES – Executives of WesCorp FCU, who claim NCUA is as culpable as they are for the spectacular failure of the one-time $34 billion corporate credit union, told a federal court here they plan to call examiners and all three members of the NCUA Board as witnesses in the agency’s multi-billion dollar negligence suit.
September 25 -
MADISON, Wis. – A new report issued by the Filene Research Institute found loans made to foster environmentally friendly projects are profitable for credit unions and attract financially strong borrowers.
September 25 -
BURLINGAME, Calif. – A former employee of Pacific Advantage FCU was sentenced to more than four years behind bars for stealing $428,000 from member accounts.
September 22 -
TALLAHASSEE, Fla. – Florida State University CU has selected Geezeo to provide a personal financial management solution and integrated marketing platform.
September 22 -
RICHMOND, Va. – New Generations FCU opened a branch inside North Richmond School Wednesday morning.
September 22 -
MAPLE GROVE, Minn. – TopLine FCU rolled out mobile banking by Cavion.
September 22 -
PEARL RIVER, N.Y. – Palisades FCU said it will allow its members to skip their August and September loan payments through its “Take the summer off” loan program.
September 22 -
VIENNA, Va. – Navy FCU will open a new branch Monday near Fort Carson, Colo., to serve 66,000 Department of Defense personnel and their families.
September 22 -
GREENWOOD VILLAGE, Colo. – Bellco CU is now offering health savings account services to help its more than 196,000 members better manage health care costs.
September 22 -
WASHINGTON – Mortgage rates held steady this week near their historic lows, according to Freddie Mac.
September 22 -
BIRMINGHAM, Ala. – The former president of Alabama Central CU on Thursday was sentenced to 17 months behind bars for stealing $140,000 from the credit union through a scheme using fictitious companies whose bills were paid through the credit union.
September 22