Call For Wegner Nominations

MADISON, Wis.-During Credit Union Youth Week this week the challenge will be on to exceed the nearly $25 million in deposits young savers made in 2010.

PLANO, Texas-Credit union executives are still in a black mood about the economy, according to the Southwest Corporate CEO Confidence Survey for the first quarter.

For the past decade, when not representing credit unions at the state capital in Harrisburg or providing various services to its multitude of small credit unions or dealing with all the pressures credit union associations face, employees of the Pennsylvania Credit Union Association have been cleaning up the highway at the interchange of Route 22-322 and Route 39, not far from its headquarters.

I strongly urge all credit union executives to support the corporate credit union model. Not recapitalizing corporate credit unions may be a long-term solution to a short-term problem. While our industry is growing, it is still a very small player in the financial landscape. We can't afford to become retail customers in a system controlled by our competition.

In comparing the ways that credit unions fund their benefit programs to the ways in which banks cover the same kinds of liabilities, a question arises: Are credit unions taking riskier positions than banks in funding employee and officer benefits costs?

In an effort to educate consumers about the act, it is recommended that credit unions and banks uniformly call the new fees the "Dodd-Frank" fees.

ALBUQUERQUE, N.M. – A man fleeing a Friday robbery of New Mexico Educators FCU on a scooter did not get far when he failed to make a turn and crashed into a police car, minutes after the holdup.

SCHAUMBERG, Ill. – Discover Financial Services is the latest entry into the person-to-person payments market, introducing a service last week that will allow customers to send money from their phone to anyone with an e-mail address or mobile phone number.

TOLLAND, Conn. – Geezeo, maker of a popular personal financial management solution, has introduced a Referral Engine to help credit unions and banks locate and attract new members and customers.

PLEASANTON, Calif. – Shares of mortgage software provider Ellie Mae soared 13% on their first day of trading Friday, marking a big launch for the company’s initial public offering.

ALLENTOWN, Penn. – Fran Muto, longtime president of People First FCU who began his credit union career as an NCUA examiner in 1974, announced last week he is retiring from the credit union.

VACAVILLE, Calif. – Travis CU was awarded two grants from the Federal Home Loan bank of San Francisco to help fund affordable housing projects.

DAYTON, Ohio – A precious metals dealer was sentenced to 3 years probation and ordered to pay a fine in the amount of $7,500 for structuring financial transactions at Wright-Patt CU aimed at evading currency transaction reporting requirements.

LANSING, Mich. – Republican Gov. Rick Snyder on Friday named executive Kevin Clinton to head the Michigan Office of Financial and Insurance Regulation, succeeding Ken Ross, former vice president at the Michigan CU League, who resigned the week before to make way for a Republican appointee.

CHARLESTON, S.C. – Seven people were charged by a federal grand jury last week for roles in a scheme that siphoned more than $800,000 in bogus loans from 11 area credit unions and five banks.

WASHINGTON – After a slowdown in bank closures, regulators shuttered six more banks Friday, making a total of 34 failures for the year.

RICHARDSON, Texas – NCUA reached into its stable of available credit union managers Friday and hired Kay Woods, a workout specialist, to manage the conservatorship of Texans CU, one of the biggest credit union takeovers ever.

VIENNA, Va. – When calculating the biggest losers of the Durbin amendment’s cap on debit fee count among them Navy FCU, the nation’s largest credit union and seventh-largest issuer of Visa debit cards.

RICHARDSON, Texas – NCUA this afternoon took over ailing Texans CU, a one-time $2 billion credit union under siege the last three years by its troubled member business loan portfolio.