EAST LANSING, Mich. – Michigan State University FCU awarded two eight-year-old elementary students a $1 million deposit for the day, amounting to a $150 deposit for their savings accounts.

MADISON, Wis. – Summit CU has chosen four local families to compete for its annual $10,000 Project Money savings contest.

MEMPHIS, Tenn. – Southeast Financial CU has agreed to acquire a former branch of BancorpSouth in nearby Germantown for $1.75 million.

HUTCHINSON, Kan. – Dillon CU is moving its main branch and administrative offices into a new, 9,000-square-foot building.

BIRMINGHAM, Ala. – Alabama Telco CU said it bought the former Harbert Corp. building, where it plans to move its corporate headquarters.

BRIDGEWATER, N.J. – Financial Resources FCU announced the closing of a $2.6 million loan to help finance a photovoltaic solar panel system on the roof of the Fram Trak manufacturing plant in Middlesex, New Jersey.

MADISON, Wis. – Lending grew at the nation’s credit unions by a slight 0.4% in May, the second straight positive month for credit union loan growth, after lending declined for the previous seven consecutive months, according to CUNA.

SPRINGFIELD, Ill. – CUMIS Insurance Society is asking a federal bankruptcy court to block an effort by a former senior loan officer of Staley CU, who filed for bankruptcy while she was on her way to prison for a mortgage fraud, to discharge $1.6 million in restitution she owes the credit union insurer.

DALLAS – A federal court last week dismissed a bankruptcy court appeal from the developer of The Harbor at Rockwall, clearing ailing Texans CU to sell the mixed-use development it financed with a $28 million member business loan, which has grown to a $31 million debt after interest.

SOUTH BEND, Ind. – The third of three men who robbed a Teachers CU branch of $65,000 received a nearly 18-year federal prison term for the crime last week.

VIRGINIA BEACH, Va. – Chartway FCU’s We Promise Foundation has contributed $10,000 to St. Mary’s Home for Disabled Children.

PITTSFIELD, Mass. – Greylock FCU has donated $50,000 to the Samuel Harrison Society for the renovation of the home of the African-American civil rights leader.

ROCK HILL, S.C. – 1st Patriots FCU announced it hired Tami Settlemyer, a former executive at nearby Founders FCU and 20-year veteran of the financial services industry, as president and CEO of the $30 million credit union.

FRANKLIN, Va. – Bronco FCU announced the retirement of Bob Petty, longtime president and CEO of the $200 million credit union.

CHARLESTON, W.Va. – In the latest merger of ailing newspaper credit unions, Charleston Newspapers FCU has stopped its presses and combined with much larger Members Choice WV FCU.

SAN DIEGO – A judge ruled Friday there is enough evidence for a former San Diego police officer and his wife to stand trial on felony charges in connection with the trashing of their foreclosed French Valley home, which was financed by San Diego Metropolitan CU.

WASHINGTON – The credit union lobby was hailing provisions of the Federal Reserve’s final rule on debit fees last week, while closely monitoring the exemption for credit unions and community banks as a victory they hope will hold credit unions harmless as fees are capped for the biggest card issuers.

BIRMINGHAM, Ala. – Barring a last-minute settlement, past and present credit union leaders are scheduled to go on trial Aug. 1 for their role in the 2008 conversion of $450 million of temporary capital in U.S. Central FCU into permanent capital that was erased within weeks by growing losses at the one-time $52 billion central bank for credit unions.

LAKE BLUFF, Ill.-According to Michael Moebs, the Fed's interchange fee reduction will not have a large impact on financial institutions' revenue-volume is the key.

SAN ANTONIO-Higher than normal turnover in the small business banking space offers a window of opportunity for credit unions to step up and serve a growing market.