DES MOINES, Iowa – Dwolla, the low-cost person-to-person money transfer start-up, said yesterday that the Iowa CU League-affiliated The Members Group and Veridian CU, its partner, have agreed to invest $1 million of Series A financing.

ALEXANDRIA, Va. – The NCUA Board, facing growing losses from failed credit unions, agreed yesterday to launch a pilot program aimed at inducing healthy credit unions to acquire sick institutions by sharing future losses on the sick credit unions with the acquirers.

ALEXANDRIA, Va. – NCUA is working with the U.S. Justice Department on fraud investigations surrounding as many as a dozen credit union failures since the start of 2009, as the costs of failures continues to take a growing toll on the National CU Share Insurance Fund.

ALEXANDRIA, Va. – NCUA will release a report by its Office of Inspector General tomorrow projecting final losses on the failure of WesCorp FCU of about $5 billion.

ANAHEIM, Calif. — The search for an "enduring system solution" to the future of corporate credit unions remains ongoing, with only now some clarity beginning to take shape, according to numerous sources interviewed by Credit Union Journal during the California/Nevada leagues' annual meeting here.

ALEXANDRIA, Va. – Pentagon FCU announced a deal this morning with insurer USAA that will give members of the nation’s third largest credit union access to auto and home insurance, annuities, life insurance and investment products from the cooperative insurer serving the military.

SAN ANTONIO – San Antonio FCU kicked off the third year of its SACU Bridge for U Scholarship program which will grant seven $3,000 scholarships to credit union members.

SAN DIEGO – Mitek Systems, fresh off some major wins for its mobile technology, announced yesterday it broke into the black for its fiscal fourth quarter to the tune of a $180,000 net, compared to a $328,000 loss for the fourth quarter last year.

BERLIN, Conn. – Achieve Financial CU announced yesterday the signing of an internet banking and bill payment services contract with Connect Financial Software Solutions, a former CUSO in Salt Lake City.

BILOXI, Miss. – Keesler FCU has signed with Diebold to upgrade its ATMs in the United Kingdom by replacing its current terminals with Diebold Opteva machines, powered by Agilis software.

BROOKLYN, N.Y. – Polish & Slavic FCU said yesterday it signed with uMonitor to implement the company’s uTransfer secure money transfer system for account-to-account money transfer service.

REDWOOD CITY, Calif. – A former teller at Sierra Point CU was sentenced to five years in prison yesterday after pleading guilty to stealing $250,000 from 15 member accounts that she gambled away at the nearby Lucky Chance Casino blackjack house.

FAYETTEVILLE, N.C. – A former assistant manager at Navy FCU confessed to plotting a staged robbery at the credit union’s local branch last year when $300,000 in cash was taken from the vault.

COLUMBIA, S.C. – Palmetto Cooperative Services LLC said yesterday it has signed with Viewpointe to offer the company’s Pointe2Pointe Internet-based image exchange service to its 400 credit unions.

ST. PETERSBURG, Fla. – PSCU Financial Services has introduced a new CUCollect-Core credit card collections service that provides automated calling during extended hours to help credit unions increase collections rates.

MADISON, Wis. – CUNA Mutual Group has completed development of an interface that allows LOANLINER documents to be signed electronically by credit union members using Integrated Media Management’s electronic document management service.

WASHINGTON – A D.C. woman admitted that she pretended to be her dead mother to withdraw more than $35,000 in federal retirement benefits from the mother’s NASA FCU account.

ROCHESTER, N.H. – Service CU made a presentation of school supplies to the Rochester School District principals and superintendent at the School Board meeting last week that included more than 500 sets of colored pencils, markers, scissors, pencil cases, binders, tissues, hand sanitizer and spiral notebooks.

ATLANTA – Delta Community CU is opening a new branch in Decatur Thursday, the credit union’s first service center in DeKalb County.

KALAMAZOO, Mich. – Consumers CU said yesterday it has rolled out a mobile banking by text messaging service that allows members to view account balances and activity right from a cell phone or other mobile device.