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TULSA, Okla. – St. John Tulsa FCU said it has changed its name to Encentus FCU to reflect its new charter serving anyone in the health care industry in northeastern Oklahoma.
February 28 -
LEWISTON, Maine – Maine Family CU said Ron Fournier retired as president and CEO after 22 years leading the $100 million credit union.
February 28 -
WARMINSTER, Penn. – Freedom CU said it is implementing mobile banking services through CO-OP Financial Services’ CO-OP Mobile.
February 28 -
ROCHESTER, N.Y. – ESL FCU and Writers & Books are sponsoring a poetry contest for youngsters in honor of the credit union moving its headquarters to downtown later this month.
February 28 -
OLYMPIA, Wash. – State chartered credit unions may dedicate branches to specific select groups with signs and other promotions, as long as they make clear the operation is a unit of the credit union, according to a new legal opinion issued last week by the Department of Financial Institutions’ Division of CUs.
February 28 -
NEW CASTLE, Penn. – The board of Lawrence County Schools Employees’ CU last week voted to limit the amount of money members may withdraw after the $5 million credit union reported a $3.4 million fourth quarter loss.
February 28 -
WASHINGTON – Leaders of the Senate Banking Committee apparently have agreed on a scheme for a consumer financial protection agency but the latest plan would establish the initiative as an office inside the Treasury Department, rather than creating a new bureaucracy.
February 28 -
WASHINGTON – Growing numbers of credit union executives are calling for an NCUA investigation into the causes of the corporate credit union meltdown.
February 28 -
SANTA ANA, Calif. – NCUA on Friday liquidated Mutual Diversified Employees FCU, the fourth credit union failure of 2010, and assigned the assets of the one-time $8 million credit unions to nearby giant SchoolsFirst FCU.
February 28 -
TACOMA, Wash. – State regulators on Friday shut down credit union-convert Rainier Pacific Bank and assigned its customer accounts to Oregon’s Umpqua Bank after ill-fated investments in risky collateralized debt obligations, known as CDOs, went bad.
February 28 -
BEAVERTON, Ore. – The Oregon state Senate earlier this week passed a credit union public funds bill that removes the current $250,000 limitation on the amount of public fund deposits a credit union can receive.
February 25 -
WASHINGTON – Fannie Mae said it plans to take a $5 billion charge when its reports its fourth quarter results Friday because the government blocked its plan to sell tax credits.
February 25 -
PITTSBURGH – The Federal Home Loan Bank of Pittsburgh, buried by toxic mortgage-backed securities, announced a loss of $37.4 million for last year, compared to a net of $56.8 million for 2008.
February 25 -
DUBUQUE, Iowa – Dupaco Community CU said its Dupaco Insurance Services CUSO has purchased Town & Country Insurance.
February 25 -
FORT LAUDERDALE, Fla. – City County CU has joined Mokugift’s 1,000 Ways To Plant A Tree campaign and will plant a tree for every member that opts-in to paperless e-statements.
February 25 -
ATLANTA – Cooperative Services, a CUSO owned by credit unions and Georgia Central CU, said it is implementing Viewpointe’s Pointe2Pointe with Internet connectivity service for check image exchange transfers.
February 25 -
DALLAS – Advancial FCU and University FCU have created a CUSO called 2nd Node that will develop a business continuity solution for both credit unions and they hope to add more credit union customers.
February 25 -
NEW ORLEANS – NCUA has approved the merger of The Times-Picayune Employees FCU, which served employees and retirees of the city’s daily newspaper, into New Orleans Firemen’s FCU, a $125 million credit union based in nearby Metairie.
February 25 -
CLARKSDALE, Miss. – NCUA said it liquidated Friendship Community FCU, a one-time $2.5 million credit union, and assigned the member accounts to Shreveport FCU, a $76 million community development credit union in nearby Shreveport, La.
February 25 -
COLUMBUS, Ohio – Corporate One FCU announced it has contracted with Multi-Bank Securities of Pleasant Ridge, Mich., to provide investment products and other securities-related services to its 160 credit union members.
February 25