TORRANCE, Calif. – Torrance Community CU said it successfully accepted its first mobile phone deposit over an iPhone.

RESTON, Va. – Student loan giant Sallie Mae, battered by the capital markets’ turmoil the past two years, reported a $309 million fourth quarter net yesterday, pushing it to a profit of $324 million for 2009.

FORT WORTH, Texas – OmniAmerican Bank, the one-time credit union chartered as Carswell (Air Force Base) CU that had to fight NCUA in court to convert to a bank, raised $119 million this week in an initial public offering.

PORTLAND, Ore. – An elderly robber who served 12 years in prison for a series of 1990s bank heists was sentenced Tuesday to 17 more years behind bars for a recent string of robberies that culminated in a December 2008 hold up at Redwood CU in San Rafael, Calif.

WASHINGTON – A former teller for Department of Interior FCU pleaded guilty to stealing $25,110 of members’ deposits during a two-year period, from 2006 to 2008, and faces up to 10 years in prison when sentenced.

JOHNSTOWN, Penn. – JSTC Employees FCU said it has signed with Credit Union Student Choice to offer the group’s private student loans.

PORTLAND, Ore. – Providence FCU rewarded its members with what amounted to a $100,000 bonus dividend by bumping their rates by 2% in their Regular Savings, New Age, Prime Time and Money Market accounts.

ORLANDO, Fla. – Multi Media FCU, which has had the Orlando Sentinel as its primary sponsor, is changing its name to reflect an expansion that includes employees of Darden Restaurants and their families – it is now known as Darden Employees FCU.

SAN FRANCISCO – Patelco CU said it has signed with Guardian Analytics to install the company’s FraudMAP to defend against even the most sophisticated fraud attacks without impacting its members' online experience and without overburdening its security staff.

BOSTON – CUNA put campaign funds behind what looked like a sure bet in the Massachusetts Senate race as recently as two weeks ago: Democrat Martha Coakley, who was defeated in a huge upset Tuesday by Rep. Scott Brown.

TALLAHASSEE, Fla. – A single mother of three children won $10,000 as winner of Florida Commerce CU’s WeLifeFIT! savings challenge.

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.

NEW YORK – In an effort to build support for low-income financial services, New York City plans to deposit $25 million into five city credit unions – with a big "if" – that is, if the legislature agrees to pass a bill allowing municipalities to deposit funds in credit unions.

ATLANTA – Harland Clarke said it has acquired Protocol Integrated Marketing Services, the full-service direct marketing division of Protocol Global Solutions, as well as SubscriberMail, an e-mail service provider and technology firm.

AUSTIN, Texas – Gila Group said yesterday it is expanding its collection services for credit unions by offering consulting on reducing delinquencies and charge-offs.

YORK, Penn. – In honor of First Capital FCU’s 55th Anniversary and its 2009 green initiative, the credit union held a year-long contest to give away a green vehicle: a scooter.

PHOENIX – Desert Schools FCU last week presented a check for $323,833 to the “1 Darn Cool School” at Phoenix Children's Hospital.

BOULDER, Colo. – Premier Members FCU, a one-time IBM employees credit union, has agreed to acquire Farmers Union FCU, a $4 million Denver credit union that serves National Farmers Union.

CORPUS CHRISTI, Texas – A former senior loan officer for Navy FCU claims in an age discrimination suit filed in federal court last week that she was forced into early retirement by an antagonistic branch manager.

CLARK, N.J. – Aspire FCU has launched a new rewards program that offers members charitable donations, free iTunes downloads and other incentives for their free checking and savings accounts.