PORTLAND, Ore. – OnPoint CU, formerly Portland Teachers CU, on National Teachers’ Day May 3 will reward 10 great teachers with cash prizes – including one who will get his or her mortgage paid for a year.

SAN BERNARDINO, Calif. – NCUA said this afternoon that Arrowhead Central CU, the one-time $1 billion credit union run under NCUA conservatorship since last July, broke into the black for the first quarter for the first time in three years, to the tune of $3.9 million.

FOWLERVILLE, Mich. – Two local retirees say they are fed up with paying ATM surcharges where there is no notice and are traveling the country to withdraw cash at targeted ATMs, then filing suit–five against local credit unions just this week.

SALEM, Ore. – The Oregon Senate on Wednesday passed an update to the Oregon Credit Union Act by a 27-1 vote, making several changes to the state charter.

BANGOR, Maine – A young man who robbed a downtown Penobscot County FCU earlier this year, then stole more than $4,000 in jewelry from his mother, will spend more than three years behind bars, based in part on her identifying him to police.

RESTON, Va. – Shares in Sallie Mae surged 13% yesterday after the student loan giant announced its first quarterly dividend payment since 2007 and a $300 million share buyback program.

BROCKTON, Mass. – HarborOne CU has contributed $78,500 to nine local community-based organizations to aid in their efforts.

ALLENTOWN, Penn. – PPL Gold CU has deployed three years of Bank Secrecy Act and Anti Money Laundering training from Edcomm Banker’s Academy.

JACKSON, Mich. – CP FCU has introduced a new CUSO called CU Rx to provide risk management and compliance services for credit unions.

VIENNA, Va. – Navy FCU said yesterday it is relocating its branch at Naval Air Station Joint Reserve Base Willow Grove, Penn., on Monday due to the military’s Base Realignment and Closure.

TULSA, Okla. – Oklahoma Central CU on Thursday said it is building a new headquarters where the old Camelot Hotel once stood downtown.

SALEM, Ore. – Oregon Employees FCU has contracted with doxo to use the company’s digital file cabinet to help its members organize household accounts and important documents.

SAN DIEGO – North Island Credit Union said it made “significant financial progress” in the first quarter of 2011, posting year-to-date income of $10.7 million and raising its net worth to a regulatory “adequately capitalized” level of 6.11% or $70.5 million.

WASHINGTON – Mortgage rates fell this week for the first time in more than a month, with the average rate on 30-year, fixed-rate mortgages falling to 4.8%, according to Freddie Mac.

WARRENVILLE, Ill. – Members United Corporate FCU, one of three corporate failures seeking to revive itself, has received approval from the U.S. Patent and Trademark Office to begin anew as Alloya Corporate FCU.

WASHINGTON – Two credit unions will participate in a new, two-year pilot program that will offer qualified borrowers living in certain parts of the country low-cost loans to make energy-saving improvements to their homes.

FAYETTEVILLE, N.C. – Two Russian immigrants on Thursday were charged with skimming credit and debit card data from members at four credit unions at three local ATMs.

FT. LAUDERDALE, Fla. — There can be a downside to growth — all those loans and strained personnel resources can be just the recipe some employees need to steal.

BOSTON – The Federal Home Loan Bank of Boston, still digging out from tens of millions of dollars of losses on its private label mortgage-backed securities, filed suit this week against Wall Street underwriters of the faulty securities, the sixth FHLB to take its MBS case to court.

SAN DIMAS, Calif. — The rebuilding of the former Western Corporate FCU (WesCorp) took another step last week with the election of a new board.