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STORMVILLE, N.Y. – Three teenagers were arrested and charged with petty larceny for withdrawing $2,000 from a Hudson Valley FCU ATM in a checking depositing scheme.
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HOUSTON – Shell FCU will become an advocate for promoting organ and tissue donation among its workforce and members through the U.S. Department of Health and Human Services’ Workplace Partnership for Life program.
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EL PASO, Texas – El Paso Employees FCU has begun using DocuSign’s electronic signature solution to accelerate its new member and loan process.
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MECHANICSBURG, Penn. – Members 1st FCU, Pennsylvania’s third-largest credit union, is opening two branches in nearby Lancaster this fall and hopes to open a third next year.
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WEST LAFAYETTE, Ind. – Purdue Employees FCU introduced a new way for Harrison High School and Jefferson High School students, parents and fans to show their school spirit: offering them student-designed debit card designs.
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MACON, Ga. – A former teller at MidSouth FCU yesterday pleaded guilty to embezzling $624,608 from the credit union and using the money to gamble, take European vacations and make car payments, among other expenses.
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PALO ALTO, Calif. – Addison Avenue FCU said yesterday it has signed with EasCorp FCU’s Vertifi Software LLC CUSO to implement the company’s DeposZip Mobile remote deposit capture service through downloadable software applications for smartphones.
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ATLANTA – Georgia’s Own CU, a $1.6 billion credit union formerly known as Georgia Telco CU, said yesterday that Charlotte Ayers is retiring at year end after 41 years with the credit union, the last 11 as CEO.
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JACKSON, Miss. – Hope FCU has received a $4.52-million secondary capital investment through the Treasury Department’s Community Development Capital Initiative.
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WASHINGTON – CUNA, which has tilted its vast campaign spending toward the Democrats the past two election cycles, has sent tens of thousands of dollars in PAC contributions to Republican leaders in recent months as the GOP appears to be closing in on control of Congress.
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OAKLAND, Calif. – Self-Help FCU, a conglomeration of troubled community development credit unions created by North Carolina’s Center for Community Self-Help, plans its biggest merger yet, of troubled 1st Pacific CU, a one-time $235 million CDCU in Vallejo, Calif.
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WASHINGTON – NCUA, fresh off last week’s assessment to replenish reserves for the National CU Share Insurance Fund, will give credit unions new estimates for next year’s charges for both the insurance fund and the corporate credit union bailout in the next few weeks.
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SAN BERNARDINO, Calif.-Larry Sharp has moved on, but he still strongly disputes the reasons NCUA has cited for placing Arrowhead Credit Union into conservatorship.
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BIRMINGHAM, Ala.-A requirement of the CARD Act that went into effect Aug. 22 has yet to have a significant impact on CU revenue, but looks to reach more deeply into the pockets of banks, sources predict.
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WASHINGTON-Credit unions are pulling their time deposits from the corporate system at increasing rates in recent months, with the corporates' share of the movement's investable funds falling to a 30-year low of just 7.7% as of the end of July, according to CUNA.
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CHANTILLY, Va.-After a hard day at the office or in the field, Justice FCU doesn't want its members fretting over financial decisions.
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CRI Solutions Adds 2 ClientsELKRIDGE, Md.-CRI Solutions, Inc., a provider of insurance and financial products to credit unions, said Washington Gas Light FCU and The Summit FCU have signed multi-year agreements for the company's InterLend online lending system.For info: www.crisolutions.netWhereMembersDrive Adds DealersDENVER-WhereMembersDrive.com announced an increase in available vehicle inventory for credit union members via nine new dealership partners. These partnerships help bring the total new inventory featured on WhereMembersDrive.com to more than $76.4 million.For info: www.WhereMembersDrive.comAssociated Joins CU Student ChoiceNORCROSS, Ga.-Associated CU has partnered with Credit Union Student Choice to introduce a new private student lending solution that provides loans up to $75,000 with no origination fees.Credit Radar Report OfferedSALISBURY, Md.-Credit information provider Credit Plus, Inc., has unveiled Credit Radar from CreditXpert, Inc. It is an automatically generated cover page for mortgage credit reports that gives lenders an instant snapshot of an applicant's credit worthiness, the company said.For info: www.creditplus.comCUDL Signs Pen Air FCUONTARIO, Calif.-CUDL, which administers the nation's largest auto lending network for credit unions, finalized a new partnership agreement with Pensacola, Fla.-based Pen Air FCU. The agreement between the credit union and the CUSO makes possible the integration of the credit union's back-office processing and loan origination with CUDL's national auto lending platform.For info: www.cudl.comID Theft PSAs Offered To CUsWASHINGTON-NAFCU Services Corporation and Affinion Security Center said two new, customizable public service announcement videos are now available for NAFCU members free of charge to be used on local television, online and in other venues to deliver tips on preventing identity theft to their local communities. The videos are available to NAFCU members on a license- and royalty-free basis, with the only potential cost being a set, one-time fee of $150 to customize the PSAs for an individual credit union (payable to the video designer).For info: www.nafcu.org/video-adsSandia Area FCU Wins AwardFORT WORTH, Texas-CU Members Mortgage awarded Sandia Area FCU of Albuquerque, N.M., with a Marketing Achievement Award for the credit union's efforts to promote mortgages to its members. Credit unions affiliated with CU Members Mortgage can be considered for future awards by submitting their nomination to the its marketing department. For info: marketing@homeloancu.com.CUES Partners With Wolters KluwerMINNEAPOLIS-Wolters Kluwer Financial Services and CUES have reached an agreement to offer credit unions regulatory compliance consulting services. CUES Compliance Solutions, provided by Wolters Kluwer Financial Services, will be offered as needed or structured as a regular, ongoing review to help credit unions keep their compliance programs up-to-date and effective in meeting federal regulatory requirements.For info: www.cues.org or www.wolterskluwerfs.comGateway Services Partners With PassTimeCENTENNIAL, Colo.-Gateway Services Group, a CUSO specializing in investments, insurance and trust services, said it has partnered with PassTime USA, a provider of Payment Assurance and GPS Technology, to improve credit unions' auto lending portfolios. The PassTime product is equipped with GPS location services to help assist in the event of a later repossession.For info: www.gsgllc.com or www.passtimeusa.com
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SAN FRANCISCO-Intuit, Inc., and several credit union defendants have asked a federal court here to dismiss a patent infringement suit brought by MShift over its mobile banking technology, saying the company's patent is outmoded and not pertinent to their technology.
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NEWPORT BEACH, Calif.-Credit union service organizations continue to take on more importance in the movement as facilitators of everything from increasing business lending to selling insurance, but as of Dec. 31 CUSOs will need a new chief advocate.
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