ST. LOUIS – Twitter co-founder Jack Dorsey has filed suit against a local college professor over the patent rights to Square, a credit card reader that can be attached to smartphones.

IRONDALE, Ala. – Members of Louisiana Corporate CU would not be required to acquire new capital after their corporate is merged into Corporate America CU, under preliminary plans for a merger of the two corporates.

IRONDALE, Ala. — The corporate merger climate heated up this afternoon as Corporate America CU and Louisiana Corporate CU announced plans to combine, the third corporate merger announced over the past six weeks.

MADISON, Wis. – Michael Barr, the former Assistant Secretary at Treasury who helped implement the Troubled Asset Relief Program, or TARP, and helped draft the Dodd-Frank financial reform bill, was named a research fellow this morning by the Filene Research Institute, the think tank for credit unions.

RESTON, Va. – Student loan giant Sallie Mae reported strong fourth quarter and fiscal year financials yesterday, fueled by lower loan losses, loan sale gains, debt repurchase gains and restructuring costs.

NEW YORK – Edcomm Banker’s Academy, a provider of online credit union training, has introduced Credit Union Sexual Harassment training program for individuals.

VACAVILLE, Calif. – Travis CU said it will be awarding 20, $1,000 college scholarships this year.

NORTH HIGHLANDS, Calif. – SAFE CU opened a new branch, its 22nd, to serve residents in Carmichael and Orangevale.

ROCKVILLE, Md. – The National Institutes of Health FCU, the nation’s largest credit union serving the biomedical industry, has announced the launch of a new partnership with Women in Bio, a 10-year-old group serving women in the bioscience industry, many of whom have formerly worked or currently work at NIH.

GAINESVILLE, Fla. – SunState FCU has selected Bluepoint Solutions’ entire suite of item processing products with multiple capture solutions, as well as Bluepoint’s full enterprise content management suite.

BELLINGHAM, Wash. – North Coast CU signed with Fifth Third Processing Solutions to provide it with single-sourced, comprehensive processing services including: ATM and debit card transaction processing, ATM driving, card production and network gateway access.

NEW YORK – A member of Navy FCU is suing the credit union for harassment over thousands of phone calls she says Navy Fed made to her home and work to collect on her Visa “N Rewards” card.

MACON, Ga. – A former head teller at MidSouth FCU on Wednesday was sentenced to three years in federal prison for stealing almost $625,000 from teller drawers and the cash vault between 2001 and 2007.

RANTOUL, Ill. – Credit Union 1, one of the largest privately insured credit unions, has agreed to merge into it another failed privately insured credit union, $14 million Elgin City Employees CU.

ALEXANDRIA, Va. – NAFCU on Wednesday called on NCUA to step up its efforts to seek recoveries from third parties responsible for the massive losses experienced by corporate credit unions.

WASHINGTON – Connecticut Sen. Joseph Lieberman, who rewarded credit unions for their unprecedented support in his historic 2006 reelection with sponsorship of the CU Regulatory Improvements Act, announced this morning he will not be running for a fifth six-year term next year, the second major credit union supporter to announce his retirement from the Senate in recent days.

PORTSMOUTH, N.H. – Service CU donated to the New Hampshire Army Monument Committee with a $20,000 contribution.

ST. PETERSBURG, Fla. – PSCU Financial Services on Tuesday said it has resigned with Fiserv to offer the company’s CheckFree RXP through its PayLynx online bill payment service.

BILLINGS, Mont. – Valley FCU of Montana has agreed to acquire Cody (Wyo.) Schools FCU, expanding its field of membership through all of Park County, Wyo., including Yellowstone National Park.

WHITTIER, Calif. – United Financial CU said it signed with CU*NorthWest, a Liberty Lake, Wash., CUSO, for data processing services.