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NEW LONDON, Conn. – In a 40-page amendment to a lawsuit it filed in July, five members who lost investments in New London Security FCU are alleging that regulators were negligent in allowing fraud to go on unabated before it was finally shuttered.
August 19 -
SAN JOSE, Calif. – San Jose Credit Union and the city of San Jose have entered into a partnership that allows SJCU members to buy solar electric and solar thermal systems at a reduced cost.
August 19 -
ALBUQUERQUE, N.M. – Authorities have scheduled a trial for a local real estate developer, his son and a business partner who have been charged with siphoning more than $2.4 million in loans from First Financial CU and a now-failed Kansas bank meant for a downtown development for their own personal use.
August 18 -
RALEIGH, N.C. – Coastal FCU said it will donate $1,000 to Humanity of Wake County if the organization can reach 1,000 Fans on its Facebook page by the end of the year.
August 18 -
PORTSMOUTH, N.H. – Service CU launched a line of business banking products to help local businesses with practical credit and deposit solutions.
August 18 -
GRAND JUNCTION, Colo. – Bellco CU is helping to bolster the Grand Junction Area Chamber of Commerce’s buy local campaign titled “Jump on the Blue Band Wagon” by offering its Grand Junction employees $50 to spend as they wish at any participating business.
August 18 -
ATLANTA – Equifax said it has teamed with KXEN so that its Equifax Capital Markets division can better mine data to predict mortgage loan defaults.
August 18 -
PURCHASE, N.Y. – MasterCard said yesterday it plans to offer Citi cardholders a new card for which users can set spending controls and receive real-time information.
August 18 -
BISMARCK, N.D. – ProDraft Services, a CUSO owned by 38 credit unions, has contracted with Fifth Third Bank to provide correspondent banking services to ProDraft's owners and clients.
August 18 -
SAN DIEGO – Mitek Systems said yesterday it has received a U.S. patent for its widely used Mobile Deposit mobile Remote Deposit Capture application.
August 18 -
LYNCHBURG, Va. – Virginia Corporate FCU is the latest corporate to transition services away from U.S. Central FCU as the future of the corporates’ corporate continues to be shrouded in uncertainty.
August 18 -
ALEXANDRIA, Va. – NCUA is looking to lease additional office space outside its headquarters while it renovates space to accommodate new agency hires, particularly in the newly created Office of Consumer Affairs.
August 18 -
WASHINGTON – Lawyers for Kappa Alpha Psi FCU insisted this morning they will continue to contest NCUA’s liquidation of their tiny credit union, even after NCUA has paid off all of its 1,341 members and is well on the way to completing the liquidation.
August 18 -
EL PASO, Texas – Authorities are searching for a robber in a surgical mask who has hit at least three area institutions in recent days, including El Paso Employees FCU on Monday.
August 17 -
LANSING, Mich. – Michigan State University FCU said its employees raised $26,083 to benefit the Boys & Girls Club of Lansing.
August 17 -
MIDDLETOWN, Ohio – MidFirst CU has set its sights on a wider membership base and is changing its name to MidUSA CU.
August 17 -
DURHAM, N.C. – Latino Community CU is introducing microlending to small businesses in its area.
August 17 -
KOHLER, Wis. – Kohler CU has selected TRC Interactive, Inc., to train its staff with TellerSolutionOnline.
August 17 -
KENSINGTON, Md. – Lafayette FCU has signed with SAS to install the company’s Banking Intelligence Architecture to integrate data with comprehensive reporting and predictive analysis.
August 17 -
MONETT, Mo. – Jack Henry & Associates, a provider of back-office services for credit unions, reported a 19% surge in revenues for its fiscal fourth quarter, producing an 8% increase in net income, to $30 million.
August 17