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WASHINGTON – Dan Mica may be scheduled to retire as president and CEO of CUNA next January, but he’ll go whenever the CUNA Board wants him to.
February 21 -
WASHINGTON – CUNA, which plunged deep into the red for two years as its investments cratered, is expected to announce today that it returned to the black in 2009 due to the return of its investments.
February 21 -
SAN FRANCISCO – MShift filed suit in federal court here Friday claiming Digital Insight is infringing on its patent for the company’s pioneering mobile banking technology that Digital Insight is providing to hundreds of credit unions and banks.
February 21 -
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HARRISBURG, Penn. – A man who robbed Choice One FCU in Wilkes-Barre by claiming he had a bomb last week was sentenced to 90 months to 120 months behind bars – even though he made off with just $920.
February 18 -
DALLAS – Catalizador Private Equity Fund said it has acquired MortgageDashboard, a provider of on-demand loan origination software systems for credit unions and banks.
February 18 -
RESTON, Va. – Sallie Mae, the largest provider of guaranteed student loans, said it endorses the Obama administration’s proposal to eliminate all guaranteed student loans and the elimination of lender subsidies.
February 18 -
FITCHBURG, Mass. – Workers’ CU announced a $10,000 contribution to the United Way of North Central Massachusetts’ Safety Net Fund, which provides food and heating assistance for the needy.
February 18 -
SEATTLE – NCUA said it has approved an application from Eli Lilly FCU to serve more than 12,000 employees of Amazon.com as part of its field of membership.
February 18 -
AKRON, Ohio – Akron Firefighters CU said it has contracted with Fifth Third Processing’s CMC to provide it with full servicing support for the credit union's startup program utilizing its Complete Card Solution program.
February 18 -
LATHRUP VILLAGE, Mich. – Michigan First CU rolled out a business banking website this week and said MichiganFirstBusiness.com was specifically designed with small businesses in mind.
February 18 -
PLANO, Texas – Fast-growing EDS CU, struggling with its identity after the 2008 acquisition of its corporate sponsor by Hewlett-Packard, this week changed its name to InTouch CU.
February 18 -
WASHINGTON – Rates for 30-year home loans edged lower for the second straight week, but remained above last year's record lows, according to Freddie Mac.
February 18 -
DULUTH, Ga. – Georgia Central CU is the latest corporate credit union to report that its exposure to losses at U.S. Central FCU pushed it into the red again in 2009.
February 18 -
ALEXANDRIA, Va. – In trying to revive the corporate credit union system, NCUA is struggling with a major legacy of the failures of the two biggest corporates, U.S. Central FCU and WesCorp FCU, and the question of how to keep the spreading failures from dissuading natural person credit unions from recapitalizing the system.
February 18 -
LANSING, Mich. — Members of NuUnion CU last night approved the combination of the $850 million credit union with Detroit Edison CU, creating the state's fourth-largest credit union with $1.5 billion in assets.
February 18 -
ALEXANDRIA, Va. — More storm clouds surfaced among credit unions last month with two more failures and the number of troubled institutions increasing by six, to a total of 357, NCUA said this morning.
February 18 -
LANSING, Mich. – The Michigan Court of Appeals overturned the sentence for the former chief financial officer for Cascades Community FCU, who was sentenced in 2008 to five-to-20 years in prison for embezzling $339,000 from the credit union to cover his losses in the stock market.
February 17 -
AUSTIN, Texas – Gila Group, which provides collection services on delinquencies for several large credit unions, yesterday said it is expanding to offer charge-off recovery collection services.
February 17 -
COLONIE, N.Y. – Capital Communications FCU has purchased the site of a former auto dealership in Troy, N.Y., where it plans to build its 10th branch.
February 17