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NORCROSS, Ga. – S1 Corp. reported fourth quarter earnings soared by 86% as revenue improved and expenses fell.
March 7 -
BOSTON – Fiserv filed suit in federal court here last week claiming a senior executive laid off from its CheckFree unit took a confidential customer list with him and is now using it to solicit customers on behalf of a competitor, Charles River Systems.
March 7 -
EUGENE, Ore. – Employees at Pacific Cascade FCU are encouraged to bring their newborn children to work with them as part of the "Babies in the Workplace Program."
March 7 -
RICHLAND, Wash. – Gesa CU said it has completed construction of a 5,600-square-foot environmentally friendly branch in nearby Kennewick.
March 7 -
RICHMOND, Va. – Virginia CU, which has been adding new branches, has purchased the former Hops Restaurant building in Henrico County.
March 7 -
BETHPAGE, N.Y. – Police arrested a man they say tried to rob separate branches of Bethpage FCU within minutes last Wednesday morning – after having hit three other branches of the credit union in recent weeks.
March 7 -
IRVING, Texas – YOUR FCU, a former IBM employees credit union, said it hired Mark O’Bryan, one-time head of EDS CU, as new president and CEO of the $166 million credit union.
March 7 -
ROCHESTER, N.Y. – The first wave of ESL FCU employees are scheduled to begin work today in the credit union’s new headquarters, one of the lynchpins in a revitalization plan for this beleaguered city’s downtown.
March 7 -
ALEXANDRIA, Va. – NCUA is watching closely a pilot program by the FDIC to securitize assets from failed banks as a means of disposing billions of dollars in private label mortgage-backed securities held by corporate credit unions.
March 7 -
WASHINGTON – Regulators shuttered banks in Florida, Illinois, Maryland and Utah on Friday, raising to 26 the number of bank failures so far this year following the 140 brought down in 2009.
March 7 -
NEW CASTLE, Penn. – NCUA on Friday said it liquidated Lawrence County School Employees FCU and assigned the remnants of the one-time $6 million credit union to $22 million First Choice FCU in a purchase and assumption agreement.
March 7 -
SAN FRANCISCO – Diana Dykstra, CEO of San Francisco Fire CU, has agreed to shave her head as part of a fundraiser for the California’s Children’s Hospital – providing she is able to raise $10,000 from friends and family first.
March 4 -
WASHINGTON – Long-term mortgage rates dipped this week, after rising the prior week, with the average for the benchmark 30-year loan again declining below 5%, according to Freddie Mac.
March 4 -
DUBUQUE, Iowa – Dupaco Community CU is building a second branch in nearby Cedar Rapids, one of two planned for 2010 by the $780 million credit union.
March 4 -
ROCHESTER, N.Y. – Consonus, of Cary, N.C., and its data center relocation partner Hi-Tech Transportation, relocated 200 computer servers and other data center devices to ESL FCU’s new headquarters in just 12 hours last Saturday – returning one of the country’s largest credit unions to full operational status by Sunday afternoon.
March 4 -
SAN FRANCISCO – Patelco CU said it has implemented ForeScout Technologies’ CounterACT solution to defend against malware attacks and insider fraud and assist with regulatory compliance.
March 4 -
FORT WAYNE, Ind. – Specialty FCU, a one-time $9 million credit union serving steel manufacturing employees, is being merged into $180 million Fort Financial CU.
March 4 -
BOSTON – The state Supreme Court upheld a lower court ruling dismissing a suit by CUMIS Insurance Society and 130 credit unions claiming they were owed recompense in the 2004 credit card breach at BJ Wholesale Club.
March 4 -
MADISON, Wis. – January was a bad month for credit unions with negative growth for both shares and loans, while loan delinquencies continued to rise to a 22-year high.
March 4 -
ALEXANDRIA, Va. – NCUA on Thursday said it has extended the expiration date of NCUA’s Temporary Corporate CU Share Guarantee Program, the emergency guarantee of all corporate deposits, from March 31, 2012, to June 30, 2012.
March 4