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KINGSTON, N.Y. – Three anti-government zealots were indicted by a federal grand jury in connection with an alleged scheme to extort money from public officials and top executives of Mid-Hudson Valley FCU after the credit union foreclosed on one of their homes.
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LOS ANGELES – In what could mark the beginning of a major bloodletting in the credit union movement, NCUA is scheduled to face off in federal court here next week with seven credit unions over tens of millions of dollars of potential insurance claims against the officers and directors of WesCorp FCU.
July 5 -
AUBURN HILLS, Mich.-Getting a degree is now a little easier on the wallet of Genisys CU members and employees, thanks to a new partnership with Cleary University.
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EUGENE, Ore.-An aggressive, proactive approach being taken by the $919-million Oregon Community CU here has led to a strong increase in lending.
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EUGENE, Ore.-After much role playing and interaction, Oregon Community began implementing a new, proactive approach to engaging with members in the early part of 2010.
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IOWA CITY, Iowa-One credit union here is crediting its own employees for $3 million in additional earnings in 2009 and ROA of 2.1%.
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SAN BERNARDINO, Calif.-In an unusual move, NCUA after seizing Arrowhead Central CU last week, put the top managers at the one-time $1.1-billion CU on paid administrative leave, even as the federal agency was dismissing the board and supervisory committee.
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RANCHO CUCAMONGA, Calif.-NCUA's decision to place Arrowhead Credit Union into conservatorship was met with criticism from several people last week, including interim California/Nevada league President Dave Chatfield.
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SMITHFIELD, RI-When staff salaries are flat or even reduced, employee recognition programs play larger roles in the credit union's success.
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ONTARIO, Calif.-Just when it seemed David Chatfield had done everything in the credit union movement, he managed to top himself by succeeding his own successor-at least temporarily.
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MADISON, Wis.-Credit unions seeking to expand into the market for living trusts would be wise to narrow their marketing focus to high-income and high-asset members older than 50, according to a study released by the Filene Research Institute.
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ALBANY, N.Y.-Credit unions and insurance companies in the state will finally be able to do business soon thanks to a bill headed to Gov. David Paterson's desk.
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Senate leaders last week put off a final vote on the credit union-opposed bank reform bill after the death of Democratic icon Robert Byrd of West Virginia, jeopardizing passage, even as the House was voting final passage of the measure.
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BROOKFIELD, Wis.-A new analysis of 375 U.S. markets in the Fiserv Case-Shiller Index found that during the fourth quarter of 2009, U.S. home prices were up in 155 out of 384 metro areas, including markets in California, Ohio, Michigan and Washington.
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NEWPORT NEWS, Va.-A sense of humor, a fun game and a balance transfer offer are helping drive new members to Langley Federal Credit Union.
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ST. PETERSBURG, Fla.-PSCU Financial Services has introduced a "Design Your Own Card" (DYOC) solution that allows cardholders to select a personal photo and have it placed on their credit card. Members can upload the photo, such as a wedding scene or family pet, at the time they are applying for the card online. Members also have the option of choosing from a library of stock photographs.
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