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FLINT, Mich. – A 29-year-old Flint man was accused of trying to embezzle more than $100,000 from an 83-year-old member of Security FCU with dementia by tapping into his credit union account.
June 16 -
DENVER – Saying the name and business citations, including a website address, are too similar, California’s Partners FCU filed suit in federal court yesterday claiming the newly created Partner CU–an amalgamation of Eagle Legacy CU and Denver Water CU–infringes on its trademark with the U.S. Patent and Trademark Office.
June 16 -
WASHINGTON – The schizophrenic relationship between credit unions and banks was on rare display this morning with the two sides lobbying members of the House hand in hand to roll back parts of last year’s Wall Street reform bill–while simultaneously bashing each other before the Senate over the proposed increase in member business loans for credit unions.
June 16 -
WEST PALM BEACH, Fla. – Credit Union Journal is now accepting entries for its 2011 Best Practices Awards.
June 15 -
BETHALTO, Ill. – 1st MidAmerica CU, formerly Olin Community CU, has agreed to acquire Alton Area Employees FCU, a $5 million credit union with one branch in the town of Alton.
June 15 -
CORINTH, N.Y. – Village officials have approved a request from Hudson River Community CU to rezone 10 acres it plans to buy from International Paper Co. to enable the credit union to build a new operations center.
June 15 -
BROOKFIELD, Wis. – Fiserv yesterday rolled out a data vaulting service that provides data backup, storage and recovery for credit unions and banks.
June 15 -
LAS VEGAS – Silver State Schools CU said yesterday it has implemented Force 10 Networks’ core and edge switching solutions to power its statewide branch network.
June 15 -
CINCINNATI – Fifth Third Processing Solutions, which has emerged as a major player in the credit union market, announced this morning it is changing its name and brand to Vantiv.
June 15 -
SAN ANTONIO – Firstmark CU launched a revised mobile platform, the Firstmark iPhone Application.
June 15 -
WEST JORDAN, Utah – Mountain America CU announced plans to assist its non-English speaking members by providing translation services into more than 80 different languages.
June 15 -
NEW YORK – A shareholder in M&F Worldwide, the parent of Harland Clarke check printers, filed suit yesterday against billionaire financier Ron Perelman and his MacAndrews and Forbes Holdings.
June 15 -
ST. LOUIS – Lawyers for Minnesota’s TCF Bank will tell a federal appeals court this morning that the Fed’s proposed cap on debit fees amounts to an unconstitutional “taking” of its assets, in a last-ditch effort by banks and credit unions to block the Fed’s final rule.
June 15 -
ALEXANDRIA, Va. – Pentagon FCU, the nation’s second largest credit union mortgage lender, announced its second correspondent deal this afternoon, with University of Southern California CU.
June 15 -
CLEVELAND – Credit unions and banks are once again struggling to plug a data breach that is siphoning tens of thousands of dollars from debit cards through purchases at local retailers.
June 15 -
WEST PALM BEACH, Fla. – Credit Union Journal is now accepting entries for its 2011 Best Practices Awards.
June 14 -
FORT WAYNE, Ind. – MidWest American FCU is trying to collect necessary personal items and goodies for American service members in Afghanistan through its adopt-a-soldier campaign.
June 14 -
PHILADELPHIA – American Heritage FCU’s 18th Annual Gelatin Olympics raised $25,000 for the Children’s Seashore House at the Children’s Hospital of Philadelphia.
June 14 -
DES MOINES, Iowa – The Members Group, the card processor owned by Iowa credit unions, announced the retirement of its CEO Tom Kuehl, who headed Iowa Corporate Central CU for 27 years.
June 14 -
SPRINGFIELD, Mass. – STCU CU has hired Michael Ostrowski, a 30-year veteran of financial services, as president and CEO of the $115 million community credit union originally known as Springfield Teachers CU.
June 14