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ALEXANDRIA, Va. – NCUA reported this morning it has approved the merger of troubled USA FCU into Navy FCU in one of the biggest credit union mergers.
November 10 -
ALEXANDRIA, Va. – NCUA said amendments to the Fed’s Reg Z, the Truth In Lending Act, now requires credit unions to provide members with an opt-in option when they convert credit life insurance to voluntary debt cancellation coverage.
November 9 -
DENVER – Public Service CU announced yesterday it has begun a major television, radio and print campaign, dubbed “Together, we’re better,” promoting its rebranding.
November 9 -
SAN ANTONIO – Security Service FCU and Catapult Systems have introduced a new web site designed to make it easier for the credit union’s members and prospective members to securely compare products, open accounts, apply for loans and conduct online banking.
November 9 -
LAS VEGAS – NCUA filed suit Monday against North Star Business Services LLC, claiming the CUSO refuses to give up servicing rights it had over member business loans made by the Ensign FCU, the one-time $135 million credit union that failed in 2009, one of several large Nevada credit union.
November 9 -
MANHATTAN BEACH, Calif. – Kinecta FCU said yesterday it will provide its members with MasterCard PayPass contactless payment technology on its credit cards.
November 9 -
PALO ALTO, Calif. – Mobile banking provider MShift said yesterday it is partnering with RDM Corp. to provide remote deposit capture over Mshift’s mobile banking applications for the iPhone and Android platforms.
November 9 -
HOUSTON – Cardtronics has signed a multi-year agreement with i-design, the United Kingdom-based provider of the atmAd marketing platform, to bring third-party advertising to Cardtronics’ 30,000 U.S. ATMs.
November 9 -
WALL STREET – NCUA is expected this morning to price almost $5.4 billion of NCUA Guaranteed Bonds, by far the biggest of three offerings so far of the securities comprised of cash flows from failed corporate credit unions.
November 9 -
OAKLAND, Calif. – The Department of Financial Institutions reported yesterday it has approved Self-Help FCU’s acquisition of yet another troubled community development credit union, the CDCU start-up’s fifth deal since its 2008 chartering.
November 9 -
SOUTH BEND, Ind. – Richard Rice, who built Teachers CU into one of the most successful credit unions in the country over a 39-year career there, is retiring as president and CEO of the $2 billion credit union.
November 9 -
WASHINGTON – A federal judge this morning rejected a bid by Kappa Alpha Psi FCU to reverse NCUA’s liquidation of the African-American institution, saying the credit union regulator was within its right to shutter the tiny failure, the nation’s first Internet-only credit union, in August.
November 9 -
LIVONIA, Mich. – General Motors is now offering $1,000 cash back on six different Chevrolet, Buick and GMC cars and trucks to credit union members who buy through the Invest in America program.
November 8 -
PORTLAND, Ore. Area credit unions are raffling off a 2011 Nissan Versa 1.6 sedan and a two golfing weekends for the Credit Unions for Kids program, which supports the Children’s Miracle Network hospitals.
November 8 -
TUMWATER, Wash. – O Bee CU and FrontStream Payments have partnered to bring credit card processing of charity donations to a financial institution's web site -- specifically, food banks, and other non-profits that might not otherwise have the online technology to accept gifts in this manner.
November 8 -
ST. LOUIS, Mo. – Almost 1,000 students danced the night away at Washington University Saturday to raise almost $170,000 for the Children’s Miracle Network.
November 8 -
POCATELLO, Idaho – Idaho Central CU said yesterday it has signed a sponsorship deal with Idaho State University for a new basketball court at the University’s Holt Arena that will carry the credit union’s name.
November 8 -
HUNTSVILLE, Ala. – Redstone FCU has rolled out their new “Mobile Banking” service, an SMS Text messaging service that will allow members to do things like check their balance and get previous transaction amounts.
November 8 -
AUSTIN, Texas – Amplify FCU has implemented CO-OP Financial Call Center’s Outbound Call Services, which provides sales, marketing and other member outreach..
November 8 -
SAN DIEGO – A former ATM specialist at Pacific Marine CU at Camp Pendelton who walked out of work one day in 2002 with a tissue box-sized brick of 1,000 $100 bills stuffed into a backpack, was tracked down to Idaho and finally convicted last week of theft charges for the eight-year-old heist
November 8