DAYTON, Ohio – The Dayton City Commission yesterday approved a pilot program through with Citywide Development Corp. and Wright-Patt CU will leverage $2.1 million in federal grants obtained under last year’s federal stimulus bill to provide low-cost funding for the redevelopment of foreclosed homes and abandoned property.

NEWARK, N.J. – The American Civil Liberties Union yesterday requested the state Attorney General’s Office investigate last weekend’s fatal shooting of an unarmed man, the 48-year-old CEO of Credit Union of Atlanta, by an Essex County sheriff’s officer inside a park.

CHICAGO – The NCUA Board would consider allowing the reserve ratio for the National CU Share Insurance Fund to decline below its normal operating level of 1.2% to 1.3% (dollars reserved per $100 of insured deposits), or lower, to ease the strain on the thousands of natural person credit unions facing a fall charge to replenish the NCUSIF reserves, according to NCUA Chairman Debbie Matz.

WASHINGTON – Thousands of depositors in failed banks such as IndyMac and Nevada’s Silver State Bank who lost millions upon the failure of their banks will reap the benefit of a little-noticed loophole in the newly passed bank reform bill that will make permanent the temporary increase in federal deposit insurance coverage to $250,000 per account.

CHICAGO – Credit union executives are strongly questioning whether they will reinvest in the corporate credit union system and many are exploring alternatives for investments, check processing and other services, as NCUA mulls over the fate of the corporates.

SAN BERNARDINO, Calif. – NCUA released amended first-quarter financials for Arrowhead Central CU Thursday afternoon, showing the one-time $1.1 billion credit union was far more troubled than credit union officials previously reported.

WASHINGTON – Community banks across the country are lobbying Congress against a proposal to add an increase in the member business loan cap for credit unions to the pending job bill, leaving the long-sought credit union initiative in increasing doubt.

SAN DIEGO – A man who robbed three area institutions – including the same North Island FCU branch twice in a month – was sentenced Tuesday to 20 years and four months in state prison.

CARTHAGE, N.Y. – Northern FCU has raised $25,000 to help finance the expansion of the YMCA’s child-watch area.

LOWELL, Mass. – Northern Massachusetts Telephone Workers Community CU opened a fifth branch, this one in Haverhill.

VIENNA, Va. – Navy FCU said yesterday it is opening its fifth branch in the Virginia Beach market, in the town of Chsepeake, Va., next week.

SALEM, Ore. – MaPS CU has signed with well-known branding firm Creative Branding Communications to develop a new wesbite for the $380-million credit union.

BETHESDA, Md. – The National Institutes of Health FCU is rolling out a global remittance services through BNY Mellon's Remit Worldwide.

WATERLOO, Iowa – Police arrested 18 suspects in a check kiting scheme that allegedly bilked area credit unions and banks out of more than $100,000.

CHICAGO – Echoing comments heard one week earlier at the 1 Credit Union Conference hosted by CUNA and WOCCU, credit unions attending NAFCU’s Annual Convention here also expressed a desire to do more to tell their story at a time when consumer pessimism related to banks has never been higher.

CHICAGO – There is greater concern about what’s to come, than what’s already known about the financial reform bill signed yesterday by the president. Credit union CEOs attending NAFCU’s 43rd Annual Conference said already burdensome regulatory and compliance demands will become overwhelming in the next few years.

JACKSONVILLE, Fla. – Fidelity National Information Services reported yesterday that second quarter earnings, fueled by last year’s acquisition of Metavante Technologies, soared 52% to $89.9 million.

RESTON, Va. – Student loan giant Sallie Mae reported a $338 million net for the second quarter, compared to a $123 million loss for last year’s second quarter, which included a $495 million loss on financial derivatives.

UPPER MARLBORO, Md. – NASA FCU announced yesterday the rollout of its free mobile banking service, allowing its members and businesses the ability to access account information, verify balances, transfer funds and locate branches and ATMs from a cell phone or smart phone.

ALBANY, N.Y. – SEFCU, the one-time State Employees FCU, launched a new branch, the 41st for the $2-billion credit union.