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BRISBANE, Australia – Credit unions here and in the state of Queensland are scrambling to provide assistance to members as floodwaters continue to take their toll.
January 12 -
BROOMFIELD, Colo. – Members of Community Financial CU will get their share of a $375,000 special dividend this week.
January 12 -
WASHINGTON – In a rule-making process turned upside down, credit unions and community banks that are exempt from the Federal Reserve’s proposal controlling debit interchange fees are dominating the comment process, while the big institutions coming under the rule have yet to weigh in.
January 12 -
LOS ANGELES – NCUA told the federal court yesterday it will add new charges against directors and officers of WesCorp FCU, even as its efforts to hold leaders of the corporate credit union accountable for the failure of the $34 billion corporate may be slipping away.
January 12 -
WHITE OAK, Md. – Two men threw a manager over a teller counter when they robbed the local Mid-Atlantic FCU branch Saturday.
January 11 -
CHICAGO – Alliant CU said its Alliant CU Foundation gave a $25,000 grant to Hadley School for the Blind to provide assistance toward the opening of the school’s new Forsythe Center for Entrepreneurship.
January 11 -
BEAVERTON, Ore. – Rivermark Community CU said its annual Dough for Doernbecher event raised more than $49,000 for the local Doernbecher Children’s Hospital.
January 11 -
WASHINGTON – The Government Printing Office FCU has hired Timothy Anderson, who has worked as an executive with several area credit unions, as president and CEO of the $33 million credit union.
January 11 -
PARCHMENT, Mich. – First Community FCU has applied to state regulators to acquire Michigan Services CU in Southfield, its second merger of the past six months.
January 11 -
LENEXA, Kan. – Mainstreet CU, the product of three recent mergers, said it completed its fifth deal with the combination of Wyandotte CU, a $13 million Kansas City credit union.
January 11 -
SACRAMENTO, Calif. – Regulators reported yesterday that two more troubled California credit unions have applied to merge into bigger credit unions, continuing the recent pace of mergers in the state.
January 11 -
TUCSON, Ariz. – The tragic shooting here that claimed six lives and injured 14 people, including Rep. Gabrielle Giffords, is being felt by this state’s credit unions, which had a close relationship with the congresswoman.
January 11 -
WASHINGTON – The banking lobby is rejecting Visa’s proposal for a dual system on debit card interchange, saying such a system will only force merchants to migrate to the lower-cost cards as mandated for the biggest issuers.
January 11 -
NEW YORK – A New York appeals court dismissed a lawsuit against MBIA yesterday, potentially clearing a reorganization of the bond insurer that could cost big banks and corporate credit unions billions of dollars on their insured mortgage securities.
January 11 -
CLEVELAND – A federal judge yesterday denied bail to a purported head of a Macedonian crime syndicate believed responsible for siphoning tens of millions of dollars from St. Paul Croatian FCU, which was taken over by NCUA seven months ago amid an estimated loss of $170 million.
January 11 -
SALT LAKE CITY – Mountain America CU announced today its insurance CUSO has signed with Intermountain Insurance Advisory Group to provide its members with long-term care insurance products and services, one of the first credit unions to enter the market.
January 11 -
An article in last week’s Credit Union Journal Daily Briefing should have clarified that CapCom Credit Union was merged into DFCU Financial Credit Union in March 2009.
January 10 -
LOS ANGELES – A former branch manager for CoastHills FCU is expected to be sentenced to three months behind bars after pleading guilty to stealing $135,000 from the Lompoc credit union.
January 10 -
CHULA VISTA, Calif. – A masked man who apparently intended to rob a USE CU branch fled in frustration Friday after tellers refused to open a locked front door for him.
January 10 -
NORCROSS, Ga. – Associated CU said its Associated CU Foundation has contributed $10,000 each to the Norcross Cooperative Ministry and The Quinn House in Lawrenceville.
January 10