WASHINGTON – Four more bank failures were announced on Friday by the Office of the Comptroller of the Currency.

NORRISTOWN, Penn. – A jury has convicted the former CEO of United Workers Local 1776 FCU of stealing nearly $34,000 from the CU during her tenure.

ONTARIO, Calif. – CUs that partner with Credit Union Direct Lending (CUDL) can now let their members know they can shop for cars on their iPhone.

MADISON, Wis. – CUNA Mutual Group has entered into an agreement with a number of institutional investors to issue $85 million in fixed-rate, 20- year surplus notes.

SAN BERNARDINO, Calif. – Arrowhead Credit Union has ceased offering any new business loans, including credit cards and SBA loans, as the result of being placed into conservatorship by NCUA.

WASHINGTON – The status of a bill that would raise the current lid on member business loans remains uncertain in Congress at the same time an earlier proposal to create a $30-billion small business lending fund – once though extinct – has come back to life.

MIDDLETOWN, Penn. – Even as it has received hundreds of commitments from members and stockpiled $117 million in new capital, Mid-Atlantic Corporate FCU announced Friday that it will reduce its full-time workforce by 16%.

>KERICHO, Kenya-Thanks to a partnership between WOCCU, Ndege Chai Savings and Credit Cooperative (SACCO), or credit union, and PureCircle Kenya Ltd. (PCK), Kenyan farmers in Kericho, northwest of Nairobi, are now growing stevia, a natural sweetener that could one day overtake its artificial counterparts, especially that used in sodas.

MADISON, Wis.-WOCCU accepted the Federation of Savings and Loan Societies (FESALOS) in Papua New Guinea as its newest direct WOCCU member.

MADISON, Wis.-WOCCU has been invited to comment on the Group of 20's (G-20) proposal to assure that credit unions are effectively represented and empowered to help fulfill the committee's recommendations.

PANAMA CITY, Panama-Credit unions in Iowa are working with their counterparts in Panama after the latter expressed concerns that government regulations not specifically designed to address financial cooperatives' unique nature could raise further challenges for an industry already struggling with growth in that country.

MADISON, Wis.-Having pioneered the International Remittances Network (IRnet), WOCCU reported it has documented the Hispanic outreach strategies through its Credit Union Remittances Outreach Program (CUROP) with a 32-page report, Reaching the Hispanic Market through Remittances. The report includes best practices.

WASHINGTON-During a session at the Overseas Cooperative Development Council (OCDC) conference here panelists agreed that credit unions' cooperative structure provides them with unique opportunities to connect agricultural processes with economic growth, thereby addressing two key issues in global development.

MONTEGO BAY, Jamaica-With financial markets in this country growing more competitive, a strategic planning session between the Jamaica Co-operative Credit Union League (JCCUL) and the Texas Credit Union League (TCUL) focused on improving operational efficiencies.

ASUNCION, Paraguay-The Minnesota Credit Union Network (MnCUN) issued a formal salutation to the credit unions of Paraguay at the Central de Cooperativas del Area Nacional (CENCOPAN) International Seminar.

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SAO PAOLO, Brazil – Itautec S.A., a maker of low-cost ATMs, plans to sell its full-service machines in the U.S. market starting this fall.

HAUPPAUGE, N.Y. – Teledata Communications, a provider of online loan origination software, said it has agreed with Open Dealer Exchange, LLC to provide direct integration services with Teledata’s DecisionLender solution.

VISTA, Calif. – Bluepoint Solutions, a provider of remote deposit capture solutions, announced the release of QwikDeposit To Go, a mobile remote deposit capture application.