NEW YORK – Lawyers for Barclay’s Capital last week told a federal court fraud claims regarding a failed CDO, or collateralized debt obligation, it sold to Eastern Financial Florida CU, the biggest ever credit union failure, are barred by the statute of limitations on such securities suits and should be dismissed.

ALEXANDRIA, Va. – The NCUA Board is expected to vote next week on the re-emergence of Members United Corporate FCU, one of five corporate failures, as Alloya Corporate FCU.

LANSING, Mich. – Lake Trust CU, the $1.6 billion credit union giant formed by last year’s merger of Detroit Edison CU and NuUnion CU, announced this morning the hiring of David Snodgrass, a top executive with New Jersey’s Affinity FCU, as its president and CEO.

NEW YORK – Israel’s Funtech Ltd. announced this morning that Chicago private equity firm GTCR has offered to acquire the company for $23.33 a share, which appears to trump a previous merger agreement with S1 Corp. and end a hostile takeover fight for the Atlanta services provider.

JACKSONVILLE, Fla. – Federal investigators said an Orange County woman stole $100,000 from Navy FCU by using fake identities with fake military ties to open up 50 different accounts over five months.

WACO, Texas – Three Americans charged with two U.S. holdups, including a July 11 robbery at Texell CU in Temple, were captured in Mexico and are awaiting extradition to face charges.

DES MOINES, Iowa – Online payments start-up Dwolla has signed with Ongoing Operations to securely host its infrastructure.

ANDERSON, S.C. – Anderson FCU has contributed $20,000 to Hospice of the Upstate, which will be used to renovate the lobby of the Rainey Hospice House in Anderson.

ALEXANDRIA, Va. – Pentagon FCU on Wednesday announced it has signed a contract extension until 2017 for credit and signature debit processing with PSCU Financial Services.

McGREGOR, Texas – Rocket FCU has signed with Vantiv for single-sourced electronic processing servicing, including: debit card services, card production, gateway services, debit portfolio management, fraud mitigation, enhanced chargeback processing and ATM driving.

OKLAHOMA CITY, Okla. – FAA CU has signed with Institution Solutions to offer the company’s Hospital Accident Protection insurance to members.

NORTH CHARLESTON, S.C. – South Carolina FCU’s new CUSO, CU Knowledge Solutions, has signed a strategic partnership with DataMentors, LLC, to offer the company’s data and processing services to credit unions.

BETHPAGE, N.Y. – Bethpage FCU has signed with Member Loyalty Group to use the CUSO’s Satmetrix Net Promoter Score and methodology to measure and improve member loyalty.

ALEXANDRIA, Va. – Credit unions and their CUSOs are mounting a broad opposition against NCUA’s proposal to require financial reporting from CUSOs, even as evidence emerges of CUSO ties causing big losses at credit unions.

ALEXANDRIA, Va. – NCUA said this afternoon it barred Milton Callan, a former vice president at Lockheed FCU, for embezzling $830,000 from the credit union through a phony expense scheme.

RANCHO CUCAMONGA, Calif. – CU Direct , the biggest network of indirect auto lending outlets for credit unions, this morning rolled out an Adroid app for its CUDL AutoSmart vehicle shopping website.

CONCORD, N.H. – Officials with Service CU this week donated a $125,000 check to the New Hampshire Disaster Relief Fund, which is working to help victims of recent flooding from Tropical Storm Irene.

LIVERPOOL, N.Y. – Liverpool Central Schools FCU has signed with FamilyMint to offer its financial literacy program to young members.

GEISMAR, La. – WYMAR FCU said it has signed with Geezeo to install the company’s personal financial management solution and integrated marketing platform.

FITCHBURG, Mass. – IC FCU has signed with CU Express Lease for auto leasing services.