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MESA, Ariz. – Vensure FCU, a troubled $5 million transplanted New York credit union, was taken under conservatorship this afternoon by NCUA.
April 15 -
SIOUX FALLS, S.D. – Minnesota’s TCF Bank filed a an expedited appeal request yesterday with the U.S. Court of Appeals for the Eighth Circuit asking the court to overturn a lower court’s ruling and to block the Federal Reserve’s pending implementation of the Durbin amendment’s debit fee caps.
April 15 -
ST. LOUIS – The Missouri Credit Union Association (MCUA) said John McKechnie of Total Spectrum will join its credit union advocacy team in Washington, D.C.
April 14 -
WHITEFISH, Mont. – Authorities have issued an arrest warrant for a former Whitefish CU teller charged with embezzling $11,000 from member accounts between 2008 and 2009.
April 14 -
DALLAS – Neighborhood CU will install Imprivata’s OneSign Single Sign-On and Authentication Management solution.
April 14 -
PLEASANTVILLE, N.Y. – Academic Federal Credit Union has deployed Bank Secrecy Act and Anti Money Laundering training from Edcomm Banker’s Academy.
April 14 -
RICHLAND, Wash. – HAPO Community CU has bought property to build two new branches, including its first in Oregon.
April 14 -
INDIANAPOLIS – Michigan’s DFCU Financial this week asked a U.S. Appeals Court to overturn a lower court ruling and compel FORUM CU to submit FORUM’s claim over $6 million of loan participations backed by life insurance policies to binding arbitration.
April 14 -
NORCROSS, Ga. – To help combat the rising price of gas, Associated CU is giving double reward points for any Visa credit or debit card purchase toward gasoline through June 15.
April 14 -
VIENNA, Va. – In response to the Fort Campbell Army Homecoming this year, Navy FCU is offering personalized loans with up to 100% financing for soldiers who are returning home from overseas.
April 14 -
UPPER MARLBORO, Md. – NASA FCU has added what it said are two unique, high loan-to-value mortgages to its home loan portfolio: a 100% LTV loan up to $650,000 with no private mortgage insurance, and a 95% loan for refinancings, also without PMI.
April 14 -
WASHINGTON – Mortgage rates rose again this week, for the fourth straight week, but the benchmark rate for the 30-year loan remained below 5%, according to Freddie Mac.
April 14 -
ATLANTA – CRIF Lending on Thursday said it has provided an interface that connects the CRIF ACTion loan and account origination solution, CUNA Mutual Group’s LOANLINER Document Web Service, and Integrated Media Management’s electronic signature solution.
April 14 -
WASHINGTON – A major technology group comprised of some of the biggest corporations shifted its position on the proposed delay in debit rules a week after expressing support for the delay.
April 14 -
WASHINGTON – Sen. Jon Tester opened debate on delaying the controversial interchange rule this morning insisting the proposed cuts in debit fees will cause unintended harm to rural banks and credit unions, even as the Senator and his allies desperately search for a bill to attach their delay measure to.
April 14 -
DES MOINES – State lawmakers killed a bill yesterday that would have allowed credit unions and banks to offer prize-linked savings contests in Iowa, one of five states considering the credit union-initiated savings lotteries.
April 14 -
SUMMERVILLE, S.C. – Two teenagers were arrested and charged with safecracking in connection with last week’s failed attempts to break into ATMs at South Carolina FCU and Suntrust Bank using a blow torch.
April 13 -
BALTIMORE – Municipal Employees CU will treat kids under 10 to a miniature race on bouncy hippity hops, arts and crafts, and music and entertainment on May 17 to celebrate the 136th running of the Preakness Stakes horse race.
April 13 -
SAGINAW, Mich. – Family First CU has installed enhancements to the SunGard Availability Services’ PLANet web-based business continuity planning service.
April 13 -
MELROSE, Minn. – Central Minnesota FCU will implement Imprivata’s OneSign Single Sign-On and Authentication Management solution.
April 13