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YORBA LINDA, Calif. – Thieves used a forklift to pry out a First Schools CU ATM outside an Albertsons early Saturday morning.
May 2 -
HONOLULU – A former assistant manager at Kahuku FCU is accused of stealing $45,000 from the credit union by opening accounts in her name and overdrawing them.
May 2 -
ATLANTA – NCUA said it has reassigned long-time southeast Region Three Director Alonzo Swann to be special assistant to Executive Director David Marquis in NCUA headquarters in Alexandria, Va.
May 2 -
SMITHFIELD, R.I. – Navigant CU, the state’s second largest credit union, has hired Duffy & Shanley, of Providence, to develop a branding campaign.
May 2 -
CHAMBERSBURG, Penn. – Patriot FCU has been chosen to open a student branch inside the Chambersburg Area Senior High School building.
May 2 -
COLLINSVILLE, Ill. – Fast-growing Scott CU is planning to move its corporate headquarters to the Edwardsville Corporate Centre, just east of the Interstate 55-Illinois Route 143 interchange, in nearby Edwardsville.
May 2 -
BOULDER, Colo. – Elevations CU, the state’s fifth-largest credit union, has agreed to acquire Longs Peak CU, a one-time $39 million credit union that has been under a state supervisory order because of its deteriorating financial condition.
May 2 -
MIRAMAR, Fla. – Long-time members of Eastern Financial Florida CU will see a new name when they go to their branch Monday morning as the venerable credit union is disappearing into Space Coast CU.
May 2 -
WASHINGTON – Seven more banks failed Friday, with bank seizures spreading to Puerto Rico, where three institutions were seized by regulators.
May 2 -
BOSTON – Tremont CU, a $180 million credit union that suffered an $11.6 million loss last year, agreed to correct severe management weaknesses involving insider abuses, self-sealing, unsafe lending and inadequate reserves as part of a supervisory agreement, NCUA announced Friday.
May 2 -
CLEVELAND – In an unusual move, NCUA liquidated St. Paul’s Croatian FCU over the weekend, just a week after taking over the $250 million credit union.
May 2 -
WALL STREET – Thousands of community activists and union members last week took to the streets here, as well as in San Francisco, Kansas City and Charlotte, N.C., home of Bank of America, to rally in support of pending legislation to reform the big banks’ methods of doing business.
May 2 -
WASHINGTON – Hundreds of amendments are being considered as Senate leaders prepare for Tuesday’s expected opening of debate on the bank reform bill, with the credit union lobby on the lookout for chances to add some of their own priorities as the bill moves forward.
May 2 -
LENEXA, Kan. – U.S. Central FCU this afternoon reported increasing losses on its investments in the first quarter, resulting in a $45.4 million loss for the period.
April 30 -
DAYTON, Ohio – Police were hunting for two Illinois men they believe are behind a scheme that enlisted local college students to drain more than $70,000 from local ATMs, including about $45,000 from Wright-Patt CU.
April 29 -
ATLANTA – Georgia’s Own CU yesterday said it will award $15,000.in college scholarships to eight high school students.
April 29 -
COLORADO SPRINGS, Colo. – Ent FCU, which granted $40,000 under its Youth Endowment Series program Wednesday, announced another $35,000 in YES program awards yesterday.
April 29 -
MINNEAPOLIS – FICO Inc., provider of the ubiquitous credit score, said net income fell 27% for its fiscal second quarter to $13 million, as revenue fell across all three of its business segments.
April 29 -
BROOKFIELD, Wis. – Fiserv reported a 17% rise in first quarter earnings yesterday, even as revenues slid by about 1%.
April 29 -
HOUSTON – Cardtronics, operator of the biggest ATM fleet in the country, reported a first quarter profit of $4.2 million yesterday, compared to a loss of $5 million for the same period last year.
April 29