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BIRMINGHAM, Ala. – Legacy Community CU, which has been going around town the past six weeks calling on individuals to DoSomethingGoodToday, is founding its own Do Something Good Foundation that will help fund good deeds that are nominated through the DoSomethingGoodToday.com website and continue the promotion of random acts of kindness and good deeds in the Birmingham area.
March 25 -
WARRENVILLE, Ill. – Members United Corporate FCU on Thursday warned its members of more losses coming, which will further erode dwindling capital.
March 25 -
ALEXANDRIA, Va. – In a ruling that will have far reaching implications, NCUA said that membership capital shares on deposit with a corporate credit union are available to cover the growing losses at corporates, even during the three-year notice period for withdrawal of the capital.
March 25 -
BOSTON – A 28-year-old college dropout who became the world’s biggest credit card hacker was sentenced on Thursday to 20 years in prison for stealing millions of credit union and bank account records from TJX Cos., BJ’s Wholesale Club, Office Max, Dave & Busters, Barnes & Noble and a string of other companies – even as he was working as a $75,000-a-year undercover informant for the U.S. government in identity theft cases.
March 25 -
BOSTON – New England CU Services, a unit of the Massachusetts CU League, yesterday said it has signed with the New England College of Business and Finance, an online business college, to create college tuition savings opportunity for credit union employees and their family members.
March 24 -
BELOIT, Wis. – First American CU raised more than $6,000 during its annual Chain of Hearts Campaign to help children and their families receiving care through Children’s Hospital and Health Systems.
March 24 -
FLINT, Mich. – Security CU has contributed 10 computers to Mott Community College's Hispanic Technology and Community Center.
March 24 -
MONTOURSVILLE, Penn. – A former employee at Montoursville Area FCU agreed to plead guilty to embezzling at least $31,000 from the $2 million credit union.
March 24 -
HONOLULU – Aloha Pacific FCU opened a branch in Kapolei yesterday, its second new location in less than a month.
March 24 -
IOWA CITY, Iowa – University of Iowa CU yesterday said members of Best of Iowa Community CU voted Tuesday night to merge into it, creating a credit union with $950 million in assets.
March 24 -
ALEXANDRIA, Va. – Credit union executives now can get real time news from NCUA on Twitter.
March 24 -
ORLANDO, Fla. – More than 40 people were charged in an elaborate fraud and ID theft ring that drained as much as $250,000 from five area credit unions over the last three years, but investigators still are looking for the woman they believe is behind the operation.
March 24 -
ST. PAUL, Minn. – In a ruling short on remuneration but long on potential impact, a state appeals court this week ordered the Minnesota Department of Employment and Economic Development to pay a former branch manager at Greater Minnesota CU $10,000 in back unemployment benefits even though she was fired for her role in causing the credit union as much as $550,000 in losses.
March 24 -
ALEXANDRIA, Va. – Growing mortgage foreclosures and unemployment has NCUA expecting losses at corporate credit unions to be higher than the $6 billion originally projected.
March 24 -
WASHINGTON – Credit unions and banks are preparing for an unusual phenomenon – the middle of the month payday on Sunday, Aug. 15, when millions of consumers may learn the hard way they were supposed to have “opted-in” to overdraft protection on their debit card accounts.
March 24 -
CENTRALIA, Wash. – DNA taken from a suspect in a January heist at TwinStar CU when the vault was emptied connects a suspect arrested in the case to as many as seven other hold ups, including an incident at the same branch last year.
March 23 -
NORFOLK, Va. – A federal court jury on Monday convicted a local of a dozen armed robberies or attempted robberies at credit unions and banks last year, including two at shared branches in nearby Portsmouth and Chesapeake.
March 23 -
SAN JOSE, Calif. – Tech CU is providing its members with an enhanced list of methods to prevent being the victims of fraud through mobile banking.
March 23 -
TUNKHANNOCK, Penn. – Proctor & Gamble Mehoopany Employees FCU opened a student-run branch at local Dallas Area High School last week.
March 23 -
MINNEAPOLIS – US FCU and the local newspaper, the Star Tribune, have teamed up to sponsor a $500 room makeover contest, which will be chosen in an online poll.
March 23