REDWOOD CITY, Calif. – A former member service representative at San Mateo CU faces multiple charges after allegedly stealing more than $73,000 from at least two members.

TEXAS CITY, Texas – AMOCO CU has opened a new branch in the town of Friendswood, the $535 million credit union’s fifth in the area.

TREVOSE, Penn. – TruMark Financial CU is using Digital Defense’s Insight confidential analysis report, which focuses on current security services usage as well as future intentions to add additional services.

NORTH CANTON, Ohio – ATM maker Diebold reported a 2% decline in second quarter profits yesterday, to $29.7 million, as revenues fell by 4% in the period to $665.2 million.

ATLANTA – Credit bureau Equifax said net income surged in its second quarter by 20% to $71.3 million, fueled by a $12 million gain from the April sale of its APPRO product line.

WASHINGTON – Mortgage rates dropped to the lowest level on record for the fifth time in six weeks, with the benchmark 30-year rate declining to just 4.54% this week, according to Freddie Mac.

ROCKVILLE, Md. – Long-time industry figure Tom Glatt, who fought off the first hostile credit union takeover, then founded the industry’s first Internet-only credit union, is stepping down as CEO of REALTORS FCU to be nearer to family.

SAN BERNARDINO, Calif. – Two weeks after his termination as CEO of troubled Arrowhead Central CU, Larry Sharp, who headed the one-time $1.1 billion credit union for 27 years, was hired yesterday as vice president for university advancement at Cal State San Bernardino.

FORT COLLINS, Colo. – NCUA said it shuttered Norbel CU last night and assigned the remnants of the failed one-time $130 million credit union to Texas giant Security Service FCU.

SAN FRANCISCO – Visa shares slumped more than 5% yesterday after the company revealed that the U.S. Justice Department is considering suing it over a policy that bars merchants from charging extra to customers who pay with credit cards.

WASHINGTON – The Senate Appropriations Committee last night agreed to scrap a proposal that would ensure the lowest credit card interchange rate for government transactions, the latest assault on the lucrative source of revenue for credit unions and banks.

WASHINGTON – Senate Republicans finally succeeded in stopping a vote on a Democratic-sponsored bill yesterday, leaving the door open – if only slightly – for credit unions to get an amendment attached to the small business lending bill that would raise the limits on member business loans.

ALEXANDRIA, Va. - The NCUA Board, acknowledging mounting credit union losses, proposed restrictions this morning on executive compensation packages for managers of troubled credit unions.

VICTORVILLE, Calif. – FBI agents swarmed a local home and arrested a suspect for his role in a 2007 robbery of $150,000 at a Credit Union of Southern California branch that was orchestrated with help from a credit union employee.

ARCATA, Calif. – An employee at Northern Redwood FCU was arrested Tuesday and charged with embezzling more than $100,000 from member accounts.

OXNARD, Calif. – More than 100 people packed City Hall Tuesday and the behest of Pacific Oaks FCU and convinced the City Council to drop plans to use eminent domain as part of a larger effort to acquire a credit union branch and build a Lowe’s store in the dilapidated Carriage Square shopping center.

WASHINGTON – In a last-minute effort to save credit unions and banks from further deterioration of their cards interchange fees, one senator will propose an amendment during today’s vote on a government spending bill that would require the federal government pay the lowest interchange fees on its card transactions.

WINSTON-SALEM, N.C. – Members CU has contracted with tw telecom to provide it with a suite of managed IP VPN, voice, data and Internet services in 20 state-wide locations.

MELBOURNE, Fla. – Space Coast CU, the state’s second-largest credit union, has applied to state regulators to expand both north – to Martin County – and south – to Monroe County, which covers the 120-mile string of islands south of Miami known as the Keys.

CORPUS CHRISTI, Texas – About a fourth of First Data Corp.'s 800 call center employees will be laid off by Sept. 1, according to the transaction processing giant.