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WASHINGTON – The electronic mortgage registration company at the center of the robo signing scandal has ordered a halt to foreclosures in an effort to protect itself from legal problems in the growing foreclosure crisis.
July 31 -
LOS ANGELES – In a major defeat for NCUA, a federal judge Friday 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.
July 31 -
BURTON, Mich. – A Michigan retiree who has sued more than three dozen credit unions and banks over the surcharge fee notification requirements of the Electronic Funds Transfer Act has convinced ELGA CU to settle one suit by paying as much as $76,000 to non-members who used six of its ATMs that lacked the mandated external notice of a surcharge.
July 29 -
SANTA CLARA, Calif. – KeyPoint Credit Union on Thursday said Tim Kramer, its longtime president and CEO, will retire on March 31, 2012.
July 28 -
SAN JOSE, Calif. – The World Council of Community Credit Unions has arranged a training session at Meriwest Credit Union’s main office here for a dozen executives from Alianza Federation of Mexico.
July 28 -
ATLANTA – Credit bureau Equifax reported a 52% drop in second quarter net income to $34.5 million, as the company set aside a larger provision for income taxes and the elimination of one of its operating assets.
July 28 -
ST. PAUL, Minn. – Deluxe Corp. reported a 6% rise in second quarter profits, to $35.5 million, even as its core checks business continued its decline.
July 28 -
YORKTOWN, Va. – In honor of its 60th Anniversary, 1st Advantage FCU is donating $60,000 to six organizations that make a positive impact to people in its community.
July 28 -
RALEIGH, N.C. – State Employees’ CU said its SECU Foundation awarded a $1 million grant to build a new North Carolina 4-H Learning and Education Center.
July 28 -
WEST PALM BEACH, Fla. – You’ve likely heard countless advertisements urging you to “Act Now!” With Credit Union Journal’s Day in the Life of Credit Unions project, it’s good advice.
July 28 -
WASHINGTON – Mortgage rates again were little changed over the past week as readings on the U.S. economy continued to show mixed signals, according to Freddie Mac.
July 28 -
WORCESTER, Mass. – Workers’ CU’s newest service allows members to open an account using their Web-enabled smart phone.
July 28 -
VIENNA, Va. – Navy FCU plans to offer members a mobile banking app for Android smart phones next month.
July 28 -
SPRINGFIELD, Ill. – Illinois Gov. Pat Quinn signed into law legislation that allows counties to purchase CDs and deposit funds with the state’s credit unions for the first time.
July 28 -
MILWAUKEE – Summit CU is partnering with Milwaukee Shines, a city project that encourages the use of solar energy, to help homeowners finance installation costs for solar panels.
July 28 -
PHOENIX – Desert Schools FCU will be the first financial institution to implement a new solution by Finivation Software that is designed to help quickly and cost-effectively verify a person’s identity remotely though voice biometrics.
July 28 -
BALTIMORE – MECU gave its members a $2 million payout, the first half of its anticipated Christmas bonus dividend.
July 28 -
VIENNA, Va. -- Navy FCU announced it's commitment to advance pay to its members with direct deposit who are active duty military and DoD civilian employees in the event of a breach of the debt ceiling August 2.
July 28 -
SAN FRANCISCO – Police are searching for a woman who robbed the same branch of S.F. Fire CU at gunpoint on two occasions 10 days apart.
July 27 -
NORTH CANTON, Ohio – ATM maker Diebold on Wednesday said second quarter earnings declined 27% to $22.1 million, as sales slumped to a slight decline.
July 27