-
HERNDON, Va. – Northwest FCU has published a children’s book to help parents educate their children on the importance of saving, spending and sharing money wisely.
February 4 -
ORLANDO, Fla. – Corporate credit unions continued to hold securities showing unrealized losses of $17 billion at year-end 2009, which is down from the more than $25 billion in unrealized losses corporates held at the beginning of the year, but NCUA cautioned against reading too much into those numbers because growing amounts of losses are being realized.
February 4 -
ALEXANDRIA, Va. – Corporate credit unions, especially the smaller corporates who have been largely unaffected by the huge losses on mortgage-backed securities sweeping through the system, are calling on NCUA to temper its proposed reforms which they fear could make it more difficult for them to compete.
February 4 -
LANSING, Mich. — An elderly member of NuUnion CU was named winner today of the first $100,000 Save to Win contest sponsored by eight Michigan credit unions.
February 4 -
RIVERSIDE, Calif. – Altura CU said its Altura Foundation is increasing the number of $1,000 scholarships it awards this year from 46 to 60.
February 3 -
ATLANTA – Equifax reported a 6% decline in fourth quarter net income, even as revenues rose almost 4% for the quarter, due mainly to a $16.4 million restructuring charge.
February 3 -
NORTH CANTON, Ohio – Diebold yesterday reported it will eliminate another 350 jobs by the end of the month – part of a multi-year restructuring – as revenues in its core business continue to slide.
February 3 -
SAN FRANCISCO – Visa, Inc., yesterday said net income for its fiscal first quarter soared 33% to $763 million, as both the number of Visa cards and the volume of transactions continued to grow at a healthy pace.
February 3 -
JACKSONVILLE, Fla. – As many as 30 people have been arrested as part of a gang that paid members of First Community FCU and VyStar CU to use their accounts, deposit phony checks and withdraw as much as $300,000 in cash before the credit unions discovered the checks were bad.
February 3 -
NEW YORK – Municipal CU is expected to announce a deal today acquiring the naming rights for the Brooklyn Cyclones’ Coney Island ballpark.
February 3 -
SILVER CITY, Calif. – Thousands of motorists lined up at the pumps at a local Shell Station last Saturday to take advantage of $1.99 a gallon, courtesy of Chino FCU.
February 3 -
BRISTOL, Penn. – Internet surfers were urged to "Buck the trend" in a free commercial aired yesterday by Bucks First FCU, winner of an "I Love Local Commercials" series to promote local businesses.
February 3 -
TALLAHASSEE, Fla. – Southeast Corporate FCU was the latest corporate credit union to report losses for 2009, telling members yesterday it ran $45.1 million in the red.
February 3 -
SAN FRANCISCO – Patelco CU yesterday said it had net income of $15.2 million for the fourth quarter of 2009, trimming its losses to $14.6 million for the year.
February 3 -
WASHINGTON – The Treasury Department yesterday agreed to provide $1 billion in 2% loans to 800 financial institutions – including fewer than 100 credit unions – certified as community development financial institutions through its CDFI program.
February 3 -
MONETT, Mo. – Jack Henry & Associates said net income grew in its just completed fiscal second quarter by 7%, driven by a strong 11% rise in revenues.
February 2 -
BROOKFIELD, Wis. – Fiserv reported a surge in fourth quarter earnings to $118 million, from $62 million a year ago when it recorded a $40 million loss on the sale of its insurance business.
February 2 -
NEW ORLEANS – A member of New Orleans Firemen’s FCU pleaded guilty to stealing $3,400 from the credit union after electric outages caused by 2005's Hurricane Katrina forced the credit union to go offline with its ATM services.
February 2 -
DOVER-FOXCROFT, Maine – A local man last week was charged with stealing a box of Maine Highlands FCU checks from an active duty U.S. Army soldier in 2008, then helping a group forge more than $14,000 worth of the stolen checks.
February 2 -
ANDERSON, Ind. – Madison County FCU said it has opened a new service facility in the parking lot of the local Wal-Mart, replacing its downtown branch.
February 2