ST. LOUIS – Vantage CU announced yesterday it has contracted to use Geezeo’s online consumer finance platform.

MELBOURNE, Fla. – Space Coast CU announced a five-year agreement with Fiserv for debit, credit and ATM processing, online banking and electronic bill payment services.

SAGINAW, Mich. – Team One CU said yesterday it is now using Dynamic Card Solutions’ instant issue software and hardware and now issue unembossed Visa debit and credit cards at the branch level.

MADISON, Wis. – Summit CU, one of the healthy larger credit unions growing through merger, said yesterday it has agreed to acquire State Central CU, a one-time $74 million Milwaukee credit union.

HOT SPRINGS, Ark. – Hot Springs FCU has agreed to merge into Diamond Lakes FCU, creating a $50 million credit union with 10,500 members.

LIVE OAK, Texas – Randolph Brooks FCU is following closely on the heels of the first credit union iPhone app for mobile deposits with a beta deployment of a so-called agnostic version of the smartphone deposit technology that will be adaptable for Android, Blackberry, Samsung and all Apple devices.

WASHINGTON – A top Treasury official tried yesterday to dissuade credit unions from their opposition to the Obama administration’s proposal for a consumer financial protection agency, saying heavily regulated credit unions and banks ought to benefit by the proposed agency because it would put them on equal competitive grounds with non-banks and other lightly regulated financial services providers.

MADISON, Wis. – CUNA Mutual Group is hailing a return to the black for 2009, to the tune of $50 million, after a $150 million loss for 2008.

WASHINGTON – Former Federal Reserve Chairman Alan Greenspan was cautiously optimistic about an economic recovery while speaking to CUNA’s Government Affairs Conference yesterday, in stark contrast to his last appearance at the GAC when his suggestion that homeowners try adjustable-rate and other non-traditional mortgages helped spark a flurry of exotic mortgages.

ROSEVILLE, Calif. – Valligent, a provider of property valuation and risk management solutions, on Tuesday released a new valuation suite it said was aimed at “breaking the mortgage industry's dependence on broker price opinions, and restoring trust to the real estate market.”

ENGLEWOOD, Colo. – Dynamic Card Solutions, a provider of instant card issuance and PIN selection solutions for credit unions, banks and retailers that issue magnetic stripe, EMV and contactless cards, on Tuesday said Team One Credit Union has implemented DCS' instant issue software and hardware.

ONTARIO, Calif. – The California and Nevada Credit Union Leagues have partnered with Orange Coast Title Company's National Asset Management Group (NAMG) to assist California and Nevada credit unions with their real property services and default administration.

SEATTLE – The Federal Home Loan Bank of Seattle yesterday reported a $161.6 million loss for 2009, as its mortgage-backed securities investments continued to crater.

KALAMAZOO, Mich. – The Michigan credit union movement lost a friend last week with the death of Bobby McCulley, chairman of the board of OMNI Community CU and a long-time volunteer, at 72.

RANCHO CUCAMONGA, Calif. – CO-OP Financial Services yesterday said it has added to its My Deposit: Branch suite of imaging products with a web-based application.

KALAMAZOO, Mich. – Educational Community CU is offering 21 scholarships totaling $23,000 to its members.

WINSTON-SALEM, N.C. – Truliant FCU yesterday said it has signed with Open Solutions to install the company’s DNA core processing system.

LAUREL, Md. – Tower FCU has launched Integrated Media Management’s TotaleAtlas browser-based document presentment and signature capture solution.

CHARLESTON, S.C. – South Carolina FCU said it has implemented Bluepoint Solutions’ image-based item processing and enterprise content management software technology.

PHILADELPHIA – A former vice president of Boeing Helicopters CU yesterday was sentenced to 28 months in prison and ordered to pay $1.25 million in restitution for taking kickbacks to arrange loans for unqualified applicants.