CINCINNATI – Fifth Third Processing Solutions announced yesterday it will be offering Planet Payment’s Pay in Your Currency service, which will allow international cardholders using eligible cards to see the final amount of a cash withdrawal in their home currency at the time of the transaction.

CEDAR FALLS, Iowa – T8 Webware said yesterday it is offering new mobile capabilities for its card personalization software over Apple’s iPad.

DES MOINES, Iowa – TMG Financial Services said its CU Structured Finance CUSO is working with Wright-Patt CU's myCUmortgage to establish a line of credit for to fund short-term mortgages.

ALEXANDRIA, Va. – The former manager of Texas Public Employees Association No. 5 CU was barred from the financial services industry by NCUA today for a $1.8 million embezzlement that sunk the one-time $7 million Del Rio, Texas, credit union. Virginia “Ginger” Anderson was convicted on theft charges and served a year behind bars and ordered to pay $1.8 million in restitution. NCUA also banned Gary Ellis, former CEO of River Valley FCU for stealing $200,000 from the Brattleboro, Vt., credit union. Ellis served a six-month jail term for his crime. Also banned was Kathleen Hammer, a former employee for Western Region FCU in Cleveland. ALEXANDRIA, Va. – The former manager of Texas Public Employees Association No. 5 CU was barred from the financial services industry by NCUA today for a $1.8 million embezzlement that sunk the one-time $7 million Del Rio, Texas, credit union in 2009.

NCUA Proposes Rule To Require Written IRR Policy

MADISON, Wis.-From developing a loan program that lets members fund college needs through gift cards, to a software program that allows the credit union to automatically lower interest rates annually for members who make payments on time, the Filene Research Institute's pipeline has new projects in store.

LOMBARD, Ill.-To make up for a 73% loss in interchange revenue, a $750-million CU will either have to cut 18 employees, lower deposit rates by 16 basis points, impose a $6.08 monthly fee on checking balances below $1,000, or add a monthly $3.65 debit card fee.

Discover Financial Billing Via Fiserv

Online Resources, CUsource To Partner

CUs Raise Funds To Aid Japan

SACRAMENTO, Calif.-A recent spate of news coverage disclosing million-dollar pay packages at credit unions has prompted state regulators to take a new look at the compensation of credit union managers.

ONTARIO, Calif.-The Western States Corporate Realignment Task Force said Western Bridge Corporate CU should move forward to apply for a new charter as a stand-alone corporate credit union.

WASHINGTON-A powerful group of banks and credit unions convinced Congress last week to introduce a bill that would delay implementation of the Federal Reserve's rule capping fees in debit interchange, but the bill faces a steep climb as the deadline for final passage of the rule is rapidly approaching.

SPOKANE, Wash.-Global Credit Union has done a good job of saving its members from paying high interest on loans. Now it is working to use its campaign to bring in new members.

NADA Auction Values Added

Older Members Are Most Satisfied

The Minnesota CU Network has restructured, with most significant changes coming in the separation of the Network's not-for-profit and for-profit operations. The league named Kristina Wright VP of association services and hired John Ferstl as VP of its Network Service Corporation. Mara Humphrey continues as VP of governmental affairs.

Lynne Schwab Schaefer joined Dover FCU, Dover, Del., as VP of business services.

LAS VEGAS-Silver State Schools CU, the nation's largest privately insured credit union, said while it continued to lose money in the fourth quarter, the rate of losses slowed, allowing it to cut red ink from $50.9 million for 2009 to $21.4 million for 2010.

Martin FCU Releases i-App