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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.
September 15 -
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.
September 15 -
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.
September 15 -
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.
September 14 -
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.
September 14 -
DES MOINES, Iowa – Online payments start-up Dwolla has signed with Ongoing Operations to securely host its infrastructure.
September 14 -
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.
September 14 -
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.
September 14 -
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.
September 14 -
OKLAHOMA CITY, Okla. – FAA CU has signed with Institution Solutions to offer the company’s Hospital Accident Protection insurance to members.
September 14 -
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.
September 14 -
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.
September 14 -
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.
September 14 -
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.
September 14 -
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.
September 14 -
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.
September 13 -
LIVERPOOL, N.Y. – Liverpool Central Schools FCU has signed with FamilyMint to offer its financial literacy program to young members.
September 13 -
GEISMAR, La. – WYMAR FCU said it has signed with Geezeo to install the company’s personal financial management solution and integrated marketing platform.
September 13 -
FITCHBURG, Mass. – IC FCU has signed with CU Express Lease for auto leasing services.
September 13 -
BILOXI, Miss. – A man who used a semiautomatic rifle to rob a Keesler FCU branch and kidnap two tellers will serve 30 years in prison.
September 13