SALT LAKE CITY – NCUA and state regulators yesterday shuttered Beehive CU and assigned

DENVER – A state judge sentenced the president of a Virginia Islands credit union to a year in prison today for failing to produce documents related to the state’s investigation into the credit union’s sale of above-market rates brokered CDs.

WILLISTON, Vt. – New England FCU on Friday donated $20,000 to the Burlington-based Committee on Temporary Shelter, the homeless shelter known as COTS.

FERNDALE, Mich. – The credit union movement is mourning last month’s death of Donald Murray, the former treasurer/manager of Ferndale Co-op CU, now Credit Union ONE, at 86.

SAGINAW, Mich. – After 30 years of service, Team One CU CEO Konnie Werner is retiring from the $320 million credit union on Feb. 16.

NOVI, Mich. – Telcom CU said it signed 170 new members though a member referral program that awarded members a $25 iTunes gift card for referring members and a chance to win an iPad for both the referring and new adult members.

ROCKY HILL, Conn. – Nutmeg State FCU said yesterday it signed with EasCorp FCU’s Vertifi CUSO for item processing services, including share draft processing and image cash letter collection.

ST. JOSEPH, Mich. – United FCU has signed with Fidelity National Information Systems to implement the company’s MISER core processing solution.

BLOOMFIELD, Colo. – Community Financial CU has become the first credit union to implement CO-OP Financial Services’ Pass-Through Credit solution.

PORTLAND, Ore. – Two young women accused of robbing Rivermark CU last week were quickly collared by police minutes later after they stowed a GPS tracking device they discovered in the stolen loot inside their getaway car.

WALL STREET – NCUA said yesterday that last Friday’s sale of $1.16 billion of NCUA Guaranteed Notes makes a total of $17.8 billion the agency has raised from investors to help finance the industry’s corporate bailout.

ALEXANDRIA, Va. – NCUA said this afternoon it has barred from the credit union industry Carol Aranjo, the former chairman of the National Federation of Community Development CUs who was convicted of embezzling as much as $2 million from D. Edward Wells FCU, the now-defunct CDCU she once headed.

WOODBRDIGE, Va.-Belvior FCU is reporting its most recent loan promotion exceeded goal by 544%.

Debit Transactions Surpass Credit, Check Transactions

A look at the predicaments and predictions that made technology headlines 10 years ago, and how it actually panned out.

Look for credit unions to supercharge their mobile and online channels next year — and launch alternative payment systems that spark interchange income.

YUMA, Ariz.-In the latest scandal surrounding member business lending, the ex-head of business services at troubled AEA FCU was indicted yesterday on charges of conspiracy, fraud and money laundering in a scheme by which he and his wife allegedly earned a house and new cars as kickbacks on loans approved for a local businessman.

January

LAKE MARY, Fla.-Representatives from credit unions and the League of Southeastern CUs may play a role in Costa Rica someday having a national share insurance fund.

The "Credit Union Industry HealthScore" created and monitored by Glatt Consulting, shows the overall "health" of CUs declined to 2.329 in Q3, down 2.01% from Q2 and a -6.76% change from Q3 2009.