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WASHINGTON – The FDIC said three more banks were shuttered Friday, two in Missouri and one in Kansas, making 132 failures so far in 2010.
October 17 -
PALO ALTO, Calif. – Just days after their proposed merger received approval from NCUA, Addison Avenue FCU, based here, and First Tech CU, Beaverton, Ore., said the Oregon regulator has signed off on the deal.
October 17 -
ALEXANDRIA, Va. – NCUA is investigating whether to bring charges against dozens of directors of the three recent corporate credit union failures – including CEOs of some of the nation’s biggest credit unions – just as it did in the failure of WesCorp FCU.
October 17 -
WALL STREET – The long-awaited sale of $3.8 billion of NCUA’s Guaranteed Notes, created from the detritus of U.S. Central FCU, will commence this morning, when the bonds are priced and sold.
October 17 -
GREENVILLE, Tenn. – A husband-and-wife team pleaded guilty yesterday to a 10-state bank robbery spree that hit 11 credit unions and banks over three months, including Diamond Valley CU in Evansville, Ind. and Appalachian Community FCU in Kingsport, Tenn.
October 14 -
LEXINGTON PARK, Md. – A front desk clerk at the Navy clinic at Patuxent River Naval Air Station was charged with stealing account information from Navy FCU members to drain as much as $50,000 from their accounts.
October 14 -
ALBANY, N.Y. – SEFCU donated $40,000 to the Boys and Girls Club, the biggest donation from $95,000 raised for the local non-profit.
October 14 -
EUGENE, Ore. – Employees of SELCO community CU contributed almost 6,000 pounds of food to four local food banks.
October 14 -
LANSING, Mich. – CASE CU said its CSE Cares foundation will donate the $15,000 grant it received from the Art Van chain of furniture stores’ annual Charity Challenge to install an accessible playground in Potter Park for people with disabilities.
October 14 -
LEWISTON, Idaho – An employee found something unexpected in the dumpster Wednesday when she went to throw out the trash – a pile of books, most of them children’s books, that turned out to be 1,000 in number.
October 14 -
VIENNA, Va. – Navy FCU said yesterday it is opening its first Air Force branch in Arizona to serve the 56th Fighter Wing at Luke Air Force Base.
October 14 -
WASHINGTON – Mortgage rates fell for a third straight week to their lowest levels in recorded history, even as housing demand continues to slump.
October 14 -
SALEM, Ore. – CUNA on Thursday spent another $52,260 on mailings boosting endangered House freshman Kurt Schrader, who is fighting against state Sen. Scott Bruun for his political life.
October 14 -
WALL STREET – The initial offering of $3.8 billion of NCUA Guaranteed Notes, securitized by toxic assets owned by U.S. Central FCU, will be split into two pools: one with a fixed interest rate and the other with a floating rate.
October 14 -
WORCESTER, Mass. – A police detective testified he found the office manager of Wyman-Gordon FCU tied loosely to a chair with little restraint when authorities arrived at the credit union the morning of Aug. 27, 2002, in response to a $210,000 robbery.
October 14 -
ALEXANDRIA, Va. – NCUA, responding to growing losses among credit unions, is expected next week to cut back on its seven-year-old program known as regulatory flexibility, or Reg-Flex, which rewards healthy credit unions with more regulatory leeway.
October 14 -
ALEXANDRIA, Va. – In a move unthinkable just two years ago, NCUA began a fire sale this week of corporate credit union assets, realizing billions of dollars in losses that will trickle down to members of America’s credit unions over the next decade.
October 14 -
WINSTON-SALEM, N.C. – Officials broke ground Tuesday on a $5 million Hospice and Palliative Care Center that will be funded in part by a $2 million grant from State Employees’ CU’s SECU Foundation.
October 13 -
WILLIAMSPORT, Penn. – Horizon FCU has selected TRC Interactive to train its staff with the company’s TellerSolutionOnline.
October 13 -
BEAVERTON, Ore. – First Tech CU said it opened its first downtown Seattle branch last week, the fifth Seattle-area branch for the $2.2 billion credit union.
October 13