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SAN JOSE, Calif. – Community Trust CU has received a $150,000 award from the Silicon Valley Community Foundation to provide a counseling and financial education program for the region’s Latino population.
July 15 -
BOSTON – A 47-year-old Greyhound bus driver from Lowell, Mass., who was charged with a bank robbery Tuesday in Maine, has also been charged with a May 27 robbery at Pawtucket CU in Rhode Island, and authorities believe he may be the husky suspect sought in as many as 12 New England heists over the past three months.
July 15 -
ALEXANDRIA, Va. – NCUA has approved the conversion of Nassau Educators FCU to a community charter covering all 2.7 million residents of Long Island, a wealthy New York City suburb.
July 15 -
WASHINGTON – The Treasury Department announced yesterday that United Nations FCU agreed to pay a $500,000 fine to settle claims it violated the Office of Foreign Asset Control sanctions on Cuba.
July 15 -
PURCHASE, N.Y. – MasterCard said yesterday that it received enough support from card issuers to proceed with a $41.4 million settlement in the Heartland Payments Systems breach, but dozens of credit unions and banks are still holding out as part of a class action lawsuit filed against Heartland.
July 15 -
WASHINGTON – Even before President Obama has signed the landmark bank reform bill into law credit union lobbyists were moving their attention to the Federal Reserve, which the new law will direct to monitor and possibly set price caps on debit card interchange.
July 15 -
ALEXANDRIA, Va. – NCUA reported yesterday it has cleared several more credit union giants to merge into them troubled smaller institutions, accelerating the trend towards greater consolidation of the credit union movement.
July 15 -
WASHINGTON – The U.S. Senate turned away the concerns of community banks, credit unions and the vast majority of Republican members this afternoon to vote final passage of the financial reform bill, sending the measure on for President Obama to sign into law.
July 15 -
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WASHINGTON – Senate Democrats narrowly blocked a filibuster on the bank bill waged by Republicans this morning and headed toward a final vote on the landmark bill, despite avid opposition by community banks and credit unions over the interchange amendment.
July 15 -
FREMONT, Calif. – An item in Wednesday's CUJ Daily Briefing regarding Patelco Credit Union launching Mobile Popmoney incorrectly identified Scott Moeller as the CEO of Patelco CU: Moeller is the CEO of MShift, Ken Burns is the CEO of Patelco CU.
July 14 -
GERMANTOWN, Md. – Montgomery County Employees FCU has hired Jim Norris, head of Washington, D.C.-based $77 million AFL-CIO Employees FCU, as president and CEO of the $80 million institution.
July 14 -
ROCKY HILL, Conn. – Nutmeg State FCU announced that its CEO Loren Dickinson, who tripled the size of the credit union to $340 million, is retiring Oct. 31 after 23 years in the corner office.
July 14 -
HOUSTON – Right Choice CU has contracted with Skyline’s DirectFED to implement the company’s Remote Deposit Capture system.
July 14 -
RICHMOND, Va. – Dominion CU is providing members with Geezeo’s personal financial management, social networking and Web community platforms, and integrated marketing solution.
July 14 -
RALEIGH, N.C. – State Employees’ CU has implemented RATA Associates HMDA Comply Suite.
July 14 -
ALEXANDRIA, Va. – Pentagon FCU announced yesterday it is now offering check scanning capability to its “Deposit Anywhere” check deposit program.
July 14 -
SAN JOSE, Calif. – Technology CU has agreed to implement DocuSign’s e-signature solution to securely expedite the establishment of new member accounts and accelerate the loan signing process online.
July 14 -
BASKING RIDGE, N.J. – Affinity FCU said it has implemented Integrated Media Management’s TotaleAtlasWeb remote signature capture and secure document delivery solution.
July 14 -
SAN ANTONIO – Firstmark CU announced a deal yesterday to place its brand on three Cardtronics-owned and operated ATMs in Costco warehouses located in the San Antonio area.
July 14