CROFTON, Md. – Evidence found during the arrest of a local man charged with holding up a nearby bank last week could link him to four recent bank and credit union robberies, including hold ups at a Comstar FCU branch and at Northrop Grumman FCU.

DETROIT – Richard Lowe, former CEO of Detroit Postal CU and a well-known figure among the state’s credit unions, passed away Jan. 13.

CENTRALIA, Wash. – Police believed a gunman was holed up at a credit union after a failed robbery at a TwinStar CU branch yesterday, only to discover after a standoff that he had fled the scene.

WOBURN, Mass. – EasCorp FCU said yesterday it and its wholly owned CUSO, Vertifi Software, LLC, have expanded their remote deposit capture service, called DeposZip, to include mobile deposits.

ALBANY, N.Y. – The state’s bankers took aim yesterday against the credit unions’ efforts to gain access to billions of dollars in municipal deposits across the state.

ROCHESTER, N.Y. – ESL FCU delivered special owners’ dividends to 288,000 members last week, a total of $7.25 million.

BIRMINGHAM, Ala. – Lawyers for former executives and directors of U.S. Central FCU are seeking to shield their clients from the potential for million dollar judgments, telling the federal judge here that since the one-time $52 billion corporate was taken over by NCUA only NCUA has the legal authority to file suit against them.

ALEXANDRIA, Va. – Expenses accrued by natural person credit unions to pay for the meltdown of the corporate network are continuing to flood the movement in red ink, pushing thousands of otherwise profitable credit unions into the loss column again for 2009, according to fourth quarter financial performance reports being filed with NCUA this week.

LENEXA, Kan. – Credit Union of Johnson County, the state’s fourth-largest credit union, will introduce its new name – Mainstreet CU – during a series of ads that will culminate with 15-second commercials during the pre-game show of the Super Bowl.

TALLAHASSEE, Fla. – Southeast Corporate FCU announced today it has hired Brad Miller, the head of the Washington-based corporate credit union lobby group the Association of Corporate CUs, as its new president and CEO.

SCOTTSDALE, Ariz.-This year credit unions should take their foot off the brakes, open up the marketing purse strings, and heavily promote lending. That's the consensus of a number of analysts who spoke with Credit Union Journal as part of this special issue focused on growth strategies.

ALBUQUERQUE-A renewed focus on analyzing data and measuring results has helped Kirtland FCU boost profitability and ROA.

ALBUQUERQUE-Emphasizing cross sales doesn't have to be at odds with a member-centric culture, as Kirtland FCU's performance numbers can attest.

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January 2010

ALEXANDRIA, Va.-NCUA said it is preparing to send out its annual assessment for operating fees to federally chartered CUs.

MILWAUKEE-In a move that could prevent corporate credit unions from suing to recover losses from U.S. Central FCU and WesCorp FCU, NCUA asked a federal court here to dismiss a suit brought by Corporate Central CU asking for reinstatement of regular distribution of funds under U.S. Central bylaws.

WASHINGTON-Regulators shut three more banks, including $900-million Barnes Bank of Kaysville, Utah; $25-million St. Stephen State Bank in St. Stephen, Minn. and $70-million Town Community Bank and Trust, in Antioch, Ill. The three failures make a total of four so far this year, after 140 failures in 2009. There has been one credit union failure in 2010, of $37 million Kern Central CU, in Bakersfield, Calif., and 25 failures in 2009.

HOUSTON-Lawyers representing more than 50 financial institutions-including some two dozen credit unions-are urging their clients to reject a $60-million settlement offer in the Heartland Payments System cards breach, saying the pro rata share amounts to pennies on the dollar of costs.

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