ALEXANDRIA, Va. – NCUA approved a deal allowing a federal credit union to form a CUSO to buy its office building, then lease back a majority of the facility to the credit union while leasing the rest to outside entities.

CLEVELAND – CUNA Mutual Group’s CUMIS Insurance Society has denied a $72.5 million fidelity bond claim filed by NCUA for the 2010 failure of St. Paul Croatian FCU, brought down by a huge fraud.

SANTA CRUZ, Calif. – A 28-year-old suspected gang member pleaded not guilty yesterday to the April 22 armed robbery of $390,000 at Bay FCU, one of the biggest credit union hold-ups ever.

SAN JOSE, Calif. – Technology Credit Union unveiled two new solar loan programs for members interested in adding solar panels to their homes or to residential properties.

TOPEKA, Kan. – Vershon Moore, 21, a football star at Washburn University here until being charged with robbing a branch of Envista Credit Union, has pleaded guilty to the robbery.

ALEXANDRIA, Va. – NCUA has issued a prohibition order against Nazreen Mohammed, a former employee of Fairwinds Credit Union, Orlando, Fla., who was convicted of bank fraud and aggravated identity theft.

DULUTH, Ga. – Soon-to-be-official Catalyst Corporate, the result of a merger between Georgia Corporate and Southwest Corporate, reported when it opens its doors its membership will be 869 institutions, including 850 credit unions, representing more than $87 billion in assets.

DALLAS – American Home Mortgage Servicing filed suit in state court here against Lender Processing Services, Inc., alleging the firm improperly signed mortgage documents on its behalf and triggered millions of dollars in legal expenses as a result.

ENDICOTT, N.J. – The $2.6-billion Visions FCU is expanding into southern New York, northern Pennsylvania and New Jersey with a merger with $330-million Paragon FCU.

LONG ISLAND CITY, N.Y. – United Nations FCU reported its headquarters has received the U.S. Green Building Council’s (USGBC) Leadership in Energy and Environmental Design program Silver certification for its energy-saving, eco-friendly programs.

NEW YORK – It will take less time than previously expected for the housing market to clear the supply of distressed homes for sale, but that so-called shadow inventory still will be around for nearly four years, Standard & Poor’s Rating Services is reporting.

SAN FRANCISCO – Visa Inc.’s attempt to phase out the old, static PIN in favor of dynamic authentication is facing resistance – in particular because many are not convinced the PIN is past its prime.

CHICAGO – Auto loan delinquencies continued to shrink in the second quarter, outpacing expected seasonal declines, according to TransUnion.

RICHMOND, Va. – Credit unions were reporting no significant damage of any kind from the earthquake that was centered 35 miles northwest of here yesterday, and which was felt up and down the East Coast.

WASHINGTON – The banking industry earned $28.8 billion in the second quarter as the result of lower provisions for loan losses.

AUSTIN, Texas – Gila Group has released SmartDialz, a new service offering focused on targeted dialing campaigns.

PHOENIX – PMI Group has informed its mortgage banking clients it is halting the writing of all new insurance policies.

TRENTON, N.J. – New Jersey’s credit unions now are permitted to act as depositories for public funds following Gov. Chris Christie’s signature on legislation making those deposits permissible.

JACKSONVILLE, Fla. – 121 Financial Credit Union has begun offering upgraded health services benefits to its members through a partnership with Benefits Plus.

SPRINGFIELD, Mo. – Postal Federal Community CU here has changed its name to BluCurrent Credit Union.