AUSTIN, Texas – Jwaala, a provider of online banking and personal financial management solutions, said it is partnering with Cardlytics to offer transaction marketing rewards to Jwaala’s credit unions.

FAIRFAX, Va. – CU Mortgage Association said it has signed with Mortgage Harmony Corp. to offer the company’s Harmony Loan interest-rate resetting mortgage to its more than 40 credit union members based mostly in the Greater Washington, D.C. area.

SAN RAFAEL, Calif. – ClairMail Inc., a provider of direct mail technology for credit unions and banks, on Monday said it received a $13.8 million investment led by Investor Growth Capital, the wholly owned venture capital arm of Stockholm-based Investor AB.

LAS VEGAS – NCUA last week filed suit against a local real estate investment firm to recover on a $1.4 million member business loan, one of dozens of defaulted loans the credit union regulator has accumulated from the detritus of failed credit unions.

DURHAM, N.C. – The former owner of five local nightclubs and one-time mayoral contender on Monday was charged by a federal grand jury with using phony tax returns to obtain a $1 million member business loan from Truliant FCU to finance his businesses.

URBANA, Ill. – A licensed real estate broker who appraised loans for Staley CU on Friday was convicted of providing phony appraisals on 40 real estate loans, costing the Decatur credit union $1 million in potential losses on the loans.

DEARBORN, Mich. – Members of MidWest Financial CU overwhelmingly approved the merger of their one-time $200 million credit union into DFCU Financial, Michigan’s largest credit union.

ALEXANDRIA, Va. – Georgia’s Own CU, a $1.6 billion Atlanta credit union, was cleared to acquire two small credit unions, two of several mergers of small institutions into giant credit unions, NCUA reported yesterday.

WASHINGTON – Visa and MasterCard on Monday agreed to take additional steps to open the market for card interchange to more competition as part of a deal to settle a new antitrust suit brought by the Department of Justice.

WASHINGTON – NCUA and bank regulators called on the Financial Accounting Standards Board to scrap its proposal to extend fair value accounting, also known as mark-to-market, to all of an entity’s assets, including loans, saying such an approach would not faithfully reflect the financial positions for credit unions and banks.

WASHINGTON – Visa and MasterCard agreed this afternoon to settle antitrust charges brought by the U.S. Justice Department claiming the two card giants illegally forced merchants to steer consumers towards using cards with higher fees.

NEW YORK-It was a headline that many credit union executives everywhere cringe: "Credit Unions Bailed Out." But it doesn't appear to have had much effect on members, at least not yet.

LAKE BLUFF, Ill.-The economist who accurately predicted the cost of the corporate rescue continues to believe NCUA's corporate assessment plan will not work, and that the corporate credit union system will not be around in the next three to five years.

ALEXANDRIA, Va.-More than 2,800 people logged into NCUA's Virtual Town Hall Meeting. Here are some of the points made during the Q&A session after the hour-long presentation.

Health Insurance Options Added

CMG Mortgage Insurance Company, San Francisco, has named G. Michael Edwards senior vice president and general manager.

ALEXANDRIA, Va.-NCUA, which a year ago had pegged the cost of the corporate CU bailout at around $7 billion, said the projected cost to credit unions has escalated to as much as $16.1 billion.

ONTARIO, Calif.-Representatives from several credit unions in the western states and in New York announced the formation of Corporate Realignment Task Forces, which they said will devise a cost-effective, cooperative structure to provide CUs with essential services that historically have been provided by corporate credit unions.

MRI: Deposit Rates Vary By Region

WEST PALM BEACH, Fla.-Does reading the news in the credit union community often make you want to sound off? Have something to say about the final rule on corporates? Here's your chance to make a point and even blow off a little steam.