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ALEXANDRIA, Va. -- The NCUA Board this morning voted to assess credit unions a $1.06 billion assessment, much smaller than expected, but additional assessments are expected for at least the next two years.
September 24 -
WASHINGTON – House leaders will introduce a bill today that will extend the deadline for compliance with the Credit Card Accountability, Responsibility and Disclosure Act to Dec. 1.
September 23 -
ALEXANDRIA, Va. – NCUA yesterday barred from the credit union industry the former president of TexDot-WF CU, who was jailed earlier this year for stealing more than $2 million and causing the failure of the tiny credit union.
September 23 -
WEST JORDAN, Utah – Mountain America CU has integrated PCLender.com’s InHouse Mortgage system with Mortgagebot’s PowerSite software-as-service-based solution.
September 23 -
FITCHBURG, Mass. – IC FCU has successfully integrated uMonitor’s uOpen and uFund online account opening and funding services with its MISER core processing platform.
September 23 -
ATLANTA – Delta Community CU has outsourced the management of its ATMs through Diebold’s Integrated Services solution.
September 23 -
WEST LAFAYETTE, Ind. – Purdue Employees FCU is inviting local high-school students to showcase their creative talents in a video contest for a chance to win up to $500, in honor of next month’s International CU Day.
September 23 -
DURHAM, N.C. – Latino Community CU has launched an essay writing and photo contest with an emphasis on savings as a topic to help foster a culture of saving among youth.
September 23 -
BETENDORF, Iowa – Ascentra CU announced it has agreed to merger with the smaller Members Choice Community CU in Clinton, creating a $245 million credit union, the state’s fifth largest.
September 23 -
WASHINGTON – Concern over the battering in the secondary markets has led lawmakers to discuss setting new restrictions on mortgage securitizations.
September 23 -
WASHINGTON – Credit union representatives brought their fight against the move to re-regulate the financial services industry to Capitol Hill yesterday against what appears to be growing odds.
September 23 -
WASHINGTON – A new draft of a House bill creating the Consumer Financial Protection Agency would give a voice to credit unions by dedicating a spot on the agency’s oversight panel for a representative from NCUA, as well as the banking agencies, the Federal Trade Commission, the Department of Housing and Urban Development and state regulators.
September 22 -
HAUGHTON, La. – A local man was charged with forging and cashing six checks at Barksdale FCU for almost $4,000 on his ill grandmother’s account.
September 22 -
GARY, Ind. – A Gary Police Officer admitted he stole a home from and drained the credit union account of his elderly former neighbor who suffered from Alzheimer's disease and has agreed to repay $116,765 to the woman's estate.
September 22 -
SALT LAKE CITY – NetDeposit yesterday announced the availability of NetCapture Consumer, the first Remote Deposit Capture product designed specifically for large-scale deployment and use by consumers.
September 22 -
CLEVELAND – Two men were captured by police as they tried to haul an ATM out of Taleris CU last month.
September 22 -
DANVILLE, Penn. – Service 1st FCU broke ground last week on its future Corporate Center.
September 22 -
EUGENE, Ore. – Northwest Community CU said it has implemented Raxco Software’s Perfect Disk 10 for ESX Server for its disk defragmentation and storage needs.
September 22 -
WINSTON-SALEM, N.C. – Truliant FCU, agreeing that overdraft protection programs can be costly for members, said it allows its members to opt-in, or specifically agree to participate in the program.
September 22 -
LOS ANGELES – NCUA yesterday shuttered tiny Comunidades FCU, a one-time $1.6 million credit union, and authorized the assumption of the majority of its 1,100 accounts by nearby Water and Power Community FCU.
September 22