OMNI Community CU, Battle Creek, Mich., hired Todd Schurig as a mortgage representative.

OMAHA, Neb.-If a business lending program is going to be successful, it has to involve tellers and MSRs.

Notes from the World Council of Credit Unions' World CU Conference in Glasgow, Scotland, as well as some other points from across the pond ...

The banks and credit card companies have spent 50 years building a proprietary, locked-down system that handles roughly $2 trillion in credit card transactions and another $1.3 trillion in debit card transactions every year.

PASADENA, Calif. – An article in the Aug. 5 Credit Union Journal Daily Briefing incorrectly reported terms of a lawsuit related to LA Financial FCU.

TALLADEGA, Ala. – After 14 years, First Educators CU is moving its branch here out of the basement in the county’s education offices to a new home.

NORFOLK, Va. – A local woman last week pleaded guilty to skimming hundreds of credit or debit cards at the Norfolk Naval Station McDonald’s, many of them belonging to members of Navy FCU.

DALLAS – NCUA last week reported losses at Texans CU, a one-time $2 billion credit union taken under conservatorship in April, continued to grow in the second quarter, to $11.7 million for the first six months of the year, as net worth for the credit union giant slid all the way to just 2%.

FORT WORTH, Texas – Tellers, member service reps and other employees at American Airlines FCU will receive more than $83,600 in back overtime wages following an investigation by the U.S. Department of Labor’s Wage and Hour Division that found violations of the Fair Labor Standards Act’s overtime and record-keeping provisions.

HOUSTON – JSC FCU is the latest of a growing list of credit unions that have agreed to set aside funds to settle consumers’ claims the credit union violated provisions of the notification provisions of the Electronic Funds Transfer Act.

WASHINGTON – NCUA and banking regulators announced Friday the afternoon’s downgrade of U.S. credit ratings by Standard & Poor’s will not affect the risk-weighting of U.S. Treasuries owned by credit unions and banks.

LOS ANGELES—In a defeat for NCUA, a federal judge has agreed to dismiss negligence charges brought by the federal regulator in a civil suit against 11 directors of the one-time $34-billion corporate, all of them prominent figures in the credit union movement.

WASHINGTON – Fannie Mae this morning reported deteriorating mortgage markets pushed its second quarter losses to $2.9 billion, which will necessitate another $5.1 billion in government assistance.

WASHINGTON – An accountant for Hoya FCU on Thursday was sentenced to five years behind bars for stealing more than $220,000 for the credit union for students at Georgetown University.

FARMERS BRANCH, Texas – Four state CU leagues have formed a new company called CU Partner Link aimed at growing top-line revenue.

LATHRUP VILLAGE, Mich. – In celebration of its 85th anniversary, Michigan First CU is offering more than 300 new and used vehicles for sale at its Evergreen, Gratiot and Wyoming branches Aug. 12 and Aug. 13 as part of its “Love Your New Ride” tent sale.

FITCHBURG, Mass. – Workers’ CU has added Harland Financial Solutions’ uTransfer for account-to-account fund transfers and renewed its existing agreement for uOpen.

PHOENIX – Desert Schools FCU on Thursday said it signed with Diebold to upgrade its ATM fleet with deposit automation, personalized marketing and integrated services.

WEST PALM BEACH, Fla. – How did one credit union improve service, cut its costs and automate its processes? Credit Union Journal will highlight how Affinity Plus FCU did just that in a free, one hour webinar to be held Aug. 23 at 11 a.m. ET.

WASHINGTON – Mortgage rates dropped to new lows after the latest round of gloomy economic data hurt Treasury yields, according to Freddie Mac’s weekly survey of mortgage rates.