HIALEAH, Fla. – Compass Financial FCU will award $50,000 in college scholarships through its annual Education Exchange program.

COLORADO SPRINGS, Colo. – Ent FCU had donated a mobile-unit vehicle and $15,000 to Peak Vista Community Health Centers.

PORTLAND, Ore. – OnPoint Community CU, formerly Portland Teachers CU, will award almost $45,000 to deserving public and private K-12 teachers and their schools, including paying the mortgage for one year of the Educator of the Year, plus provide $5,000 to the respective teacher’s school for necessary resources and supplies.

EMBARRASS, Minn. – Embarrass Vermillion FCU said it signed with TRC Interactive to implement the company’s First Line of Defense ~ Fraud Detection and Loss Prevention Challenge, an online interactive experiential exercise for banks and credit unions designed to keep their staffs alert to the latest scams.

LANCASTER, Penn. – United People’s FCU, a 25-year-old credit union chartered to serve employees of St. Joseph Hospital, was granted a trade, industry or profession-wide charter to serve all health care employees in Lancaster County, NCUA reported yesterday.

ALEXANDRIA, Va. – Framingham Municipal FCU was approved to expand its field of membership to serve almost 700,000 residents in 30 communities west of Boston.

SKOWHEGAN, Maine – A man was arrested Monday after trying to get a loan to pay restitution at a branch of the same credit union he was convicted of robbing in 2008.

SAN FRANCISCO – In a big boon for credit unions, Visa reported yesterday that a 15% rise in transactions, led by growth in debit, fueled a 16% increase in earnings for its fiscal first quarter.

ATLANTA – Payments processing giant First Data reported this morning that debt service incurred from its huge 2007 takeover by Kohlberg Kravis Roberts & Co. continues to create big losses–$1.02 billion for 2010–even as lucrative fees earned from debit interchange are helping stem the red ink.

INDIANAPOLIS – An article in yesterday’s Credit Union Journal Daily Briefing incorrectly stated that FORUM CU had named Jeff Welch as its new CEO. Welch has been hired as chief financial officer. The $950 million credit union still is searching for a new CEO.

WASHINGTON – An accountant for Georgetown University’s Hoya FCU was convicted yesterday of stealing $220,000 from the credit union.

VIRGINIA BEACH, Va. – A suspect was acquitted of charges he robbed a CU Service Center facility three times between December 2008 and February 2009 when defense attorneys showed the scarred defendant could not have been the man appearing in the shared branches’ surveillance videos of the heists.

AUSTIN, Texas – Gila LLC said yesterday it hired Peter Kanjorski, nephew of congressional credit union champion Paul Kanjorski, as its vice president for business development.

EAU CLAIRE, Wis. – Charlie Grossklaus, who has spent 40 years at Royal CU, the last 26 as CEO, said yesterday he plans to retire a year from now from the credit union he built into a $1.2 billion giant.

NEW YORK – Viewpointe, one of the main check and image exchange networks, on Tuesday rolled out a new service for digital storage and records management called OnPointe.

SAN FRANCISCO – mFoundry yesterday launched mDeposit Express, a standalone mobile deposit capture solution that banks and credit unions can use to provide customers with an immediate mobile deposit solution, regardless of their current mobile banking platform.

NEW YORK – Fynanz, Inc., which markets the cuStudentLoans.org online private student loan marketplace, is now offering consolidation student loans.

MONETT, Mo. – Jack Henry & Associates said yesterday strong sales for its fiscal second quarter fueled a 20% advance in net income, to $36 million for the period.

WEST JORDAN, Utah – Mountain America CU said it now offers the option for all of its Utah members to close mortgage transactions electronically.

PIERRE, S.D. – A Maryland man and Nevada woman on Tuesday were accused of raising $370,000 from investors by promising to invest in a phony credit union involving an American Indian tribe in South Dakota.