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ALEXANDRIA, Va. – The NCUA Board is expected to approve a rule next week that would restrict executive compensation packages for managers who have contributed to the condition of troubled credit unions.
May 12 -
DES MOINES, Iowa – Dwolla, a payments start-up known for low-cost money transfers, has introduced new technology that provides credit unions and banks an interactive, real-time snapshot of their members’ and customers’ behavior.
May 12 -
WASHINGTON – Federal Reserve Chairman Ben Bernanke told Senators this morning he is doubtful whether the Fed can develop a rule adequately protecting credit unions and small banks from the cuts in debit fees mandated for the biggest banks.
May 12 -
WASHINGTON – Republican lawmakers increased their efforts this morning to water-down the fledgling Consumer Financial Protection Bureau as they seek to block an expected Obama administration nomination of consumer advocate Elizabeth Warren to head the newly created agency.
May 12 -
PLANO, Texas – Gary Base, a longtime credit union executive who turned heads in 2005 when he converted his $1 billion Community CU to a bank, announced his retirement at the end of the year, after 25 years with the institution.
May 11 -
POCATELLO, Idaho – Idaho Central CU has donated a $10,000 matching contribution to the developers of Brooklyn’s Playground, an interactive playground project that will enable handicapped children to play with alongside all children.
May 11 -
POTTSVILLE, Penn. – Hidden River CU, a $110 million credit union serving the education community in Schuylkill County, has been approved by state regulators to convert to a community charter serving all 150,000 people in the county.
May 11 -
AUSTIN, Texas – Greater TEXAS FCU broke ground Monday on a full service branch in nearby Manor, its first in the small Texas town.
May 11 -
BATON ROUGE, La. – Campus FCU is donating $10 to the Feist-Weiller Cancer Center every time a new account is opened or an existing member makes five transactions, as part of the opening of its newest branch in nearby Shreveport.
May 11 -
PITTSFIELD, Mass. – Greylock FCU is upgrading its ATM fleet to give the machines both physical access and communication-related elements for the visually impaired and those who have mobility handicaps.
May 11 -
PHOENIX – Arizona State CU said it is the first credit union in Arizona to offer eDeposit, a remote deposit solution that allows new and current members the option to deposit checks from the comfort of their homes.
May 11 -
SOUTH BEND, Ind. – Notre Dame FCU has implemented Integrated Media Management’s TotaleAtlasWeb.
May 11 -
EAU CLAIRE, Wis. – Royal CU said it signed with CU Campus Resources to offer private student loans.
May 11 -
OLYMPIA, Wash. – Governor Christine Gregoire signed the new law allowing credit unions to offer prize-linked savings contests.
May 11 -
CLEVELAND – Sarah Lawson, IIT specialist with Alcoa Tenn FCU, and Steve Comer, CU industry manager with Hyland Software, will join with Credit Union Journal to lead a webinar on enterprise content management and the fundamental changes it can lead to in the way business gets done on May 19 at 11 a.m. EST.
May 11 -
WASHINGTON – The CEO of tiny Vensure FCU on Wednesday insisted to a federal judge that his credit union has an affirmative plan to exit the bet processing business and offer loans and deposits like a traditional credit union.
May 11 -
CHICAGO – Credit unions and banks around the country were frantically cancelling debit cards yesterday after Michaels Stores announced that fraud stemming from tampered checkout line terminals at its stores had spread across 20 states.
May 11 -
WASHINGTON — The tiny Arizona credit union taken over by NCUA last month amid international gambling indictments has almost dissipated all of its assets and is one the verge of insolvency since then, NCUA officials told a federal judge this afternoon.
May 11 -
SAN FRANCISCO – Visa said this morning it is working with a select group of credit unions and banks to launch a digital wallet later this year that will store Visa and non-Visa payments accounts and deliver a broad range of financial transaction capabilities.
May 11 -
ROCKY HILL, Conn. – Nutmeg State FCU is celebrating the opening of a branch in nearby New Britain by handing out gift cards redeemable with local merchants for discounted gasoline and other merchandise.
May 10