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WASHINGTON – Regulators shut down four more banks Friday in Florida, Arizona, California and Minnesota, making a total of 68 bank failures so far in 2010.
May 9 -
JACKSONVILLE, Fla. – Almost 40 million shares of Fidelity National Information Services changed hands Thursday as the price surged 10% amid reports the provider of back-office services for credit unions and banks was being pursed by private equity funds the Blackstone Group, Thomas H. Lee Partners and TPG Capital.
May 9 -
AUGUSTA, Maine – State regulators are investigating a Portland auto dealer who ran an advertising insert in the Portland Press Herald last week that listed 12 local credit unions that were purportedly offering 0% financing for its cars, even though none of the credit unions approved the ad.
May 9 -
WASHINGTON – The credit union lobby was working over the weekend on amendments to the massive bank reform bill that would have lasting impact on credit unions by making permanent the increase in deposit insurance coverage, getting NCUA on to a consumer protection oversight panel and expanding the powers of lenders to make small dollar loans.
May 9 -
PANAMA CITY, Fla. – Bay CU is suing two local men to recover about $25,000 of cash and consumer items the men alleged bought with money they stole during December and January holdups because police have dropped criminal charges against the suspects.
May 9 -
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MONETT, Mo. – Jack Henry & Associates announced this morning it has agreed to acquire iPay Technologies, the largest independent electronic bill pay provider in the U.S., from venture firms Spectrum Equity Investors and Bain Capital Ventures, for $300 million in cash.
May 7 -
SPOKANE, Wash. – Spokane Teachers CU announced yesterday its long-time CEO Steven Dahlstrom is retiring at year-end and will be succeeded by the credit union’s vice president of administration Thomas Johnson.
May 6 -
RALEIGH, N.C. – A firefighter won a new Ford F-150 pickup truck by swiping his debit card as part of Local Government FCU’s “Swipe the Card, Win the Truck” sweepstakes.
May 6 -
WASHINGTON – Long-term mortgage rates declined this week, with the average for the benchmark 30-year loan drifting to its lowest level in six weeks, according to Freddie Mac.
May 6 -
EUGENE, Ore. – Oregon Community CU has implemented First Lenders Data’s FirstClose online dashboard of mortgage closing services and vendor management solutions.
May 6 -
CHANTILLY, Va. – Online Resources Corp. yesterday reported a first quarter loss of $200,000, down from a $1.6 million loss for the same quarter last year.
May 6 -
McLEAN, Va. – Freddie Mac is asking for another $10.6 billion in federal aid after posting a big loss in the first three months of the year, $8 billion.
May 6 -
BOSTON – State regulators have approved the merger of ailing Turnpike CU, a credit union for employees of the Massachusetts Turnpike Authority, into Mass Bay CU, which serves the Mass. Bay Transit Authority, known locally as the “T.”
May 6 -
MADISON, Wis. – Madison News CU, an $8 million credit union serving employees of The Capital Times, Wisconsin State Journal and Capital Newspapers, is the latest newspaper credit union facing its final deadline as it plans to merge into Dane County CU.
May 6 -
CUDAHY, Wis. – Prime Financial CU on Thursday was cut loose by state regulators, who had operated the troubled one-time $200 million credit union under conservatorship since last March.
May 6 -
RICHLAND, Wash. – HAPO Community CU is one of the first credit unions to introduce PSCU Financial Service’s Design Your Own Card personalized credit card service.
May 6 -
BOSTON – State chartered credit unions are poised to receive new powers to offer employee benefit plans and payroll services and provide correspondent services under a parity regulation that is expected to be approved by the Division of Banking.
May 6 -
TUKWILA, Wash. – Mortgage lending CUSO Prime Alliance has acquired technology partner Dexma, an Edina, Minn., provider of online lending technology for more than 1,400 institutions.
May 6 -
MILWAUKIE, Ore. – A suspect who tried a carjacking after robbing an Oregonian FCU branch yesterday was caught in the dog door of a home while trying to escape police.
May 6