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PHOENIX – CUNA’s unusual foray into Arizona’s congressional races ended badly Tuesday with its candidate, former state Sen. Jim Waring, finishing third in the 10-candidate Republican primary, despite $50,000 in partisan communications from CUNA in the days leading up to the election.
August 25 -
DETROIT – An outcast outlaw who shot a guard to death during a 2001 robbery at Dearborn FCU branch was sentenced to life in prison yesterday after a jury deliberating on the death penalty could not come up with the required unanimous verdict.
August 25 -
SAN BERNARDINO, Calif. – NCUA Chairman Debbie Matz told community leaders the agency’s June 25 conservatorship of Arrowhead Central CU was timed, among other things, to prevent the one-time $1.1 billion credit union from selling off its high-quality loans at a steep discount to an out-of-state credit union to raise much-needed capital.
August 25 -
COLUMBUS, Ga. – A former member service rep at TIC FCU was charged yesterday with stealing $53,000 from two member accounts.
August 24 -
HOUSTON – A large man who held up an Associated FCU branch inside a Kroger grocery store two weeks ago hit the same credit union again, according to police.
August 24 -
FRESNO, Calif. – Fresno County FCU is offering a $2,012 cash prize to the best video in a contest celebrating the proposal to bring high-speed rail to Fresno County.
August 24 -
HARTFORD, Conn. – American Eagle FCU has signed with Dynamic Card Solutions to use the company’s instant card issuance for unembossed Visa debit cards at the branch level.
August 24 -
ODESSA, Texas – Complex Community FCU said yesterday it signed with Fiserv to implement the company’s Portico account processing system in an online service bureau environment.
August 24 -
ORLANDO, Fla. – Insight CU said yesterday Richard Simonton, its president and CEO the past two years, has departed and will be succeeded by George Davis, who worked as a senior executive at the $440 million credit union until 2007.
August 24 -
ST. CHARLES, Mo. – 1st Financial FCU, one-time credit union for McDonnell Douglas aircraft, said yesterday it promoted Frank Nelson, its president and chief operating officer, to be CEO of the $220 million credit union.
August 24 -
FORT LEWIS, Wash. – America’s CU has agreed to acquire the former headquarters of Venture Bank, which failed a year ago.
August 24 -
SALT LAKE CITY – A credit union-owned payday loan operation that raised the ire of consumer activists in recent months apparently has stopped making the high-interest loans, amid questions on the annual percentage rate charged borrowers.
August 24 -
SAN FRANCISCO – Diana Dykstra, the newly named president and CEO of the California and Nevada Credit Union Leagues, said pursuing capital relief will be one of the first priorities in her new job.
August 24 -
ALEXANDRIA, Va. – NCUA said the reserve ratio for the National CU Share Insurance Fund remained just above the 1.2% mark for July but is projected to fall below the magic number by the end of August, triggering a requirement to bring Congress into deliberations for replenishing reserves.
August 24 -
RANCHO CUCAMONGA, Calif. – The California/Nevada CU Leagues announced the hiring of Diana Dykstra, the president of $760 million San Francisco Fire CU since 2004, as its new president and CEO.
August 24 -
MEDFORD, Ore. – Rogue FCU is planning to open a student-run branch in North Medford High School, which will be the $485 million credit union’s fourth local in-school branch.
August 23 -
FALL RIVER, Mass. – St. Anne’s CU was recognized as the leading lender for MassHousing, the state’s affordable housing agency.
August 23 -
AUBURN HILLS, Mich. – Genisys CU has joined FamilyMint, a local company that focuses on financial education for kids, to provide programs “helping kids appreciate money.”
August 23 -
MENTOR, Ohio – Cardinal Community CU announced yesterday it hired Christine Blake, a senior manager at accounting firm KPMG Peat Marwick LLP, as president and CEO of the $150 million credit union.
August 23 -
KANSAS CITY, Mo. – CommunityAmerica CU said yesterday it signed a five-year credit, signature/PIN debit, and ATM processing contract with PSCU Financial Services.
August 23