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RICHARDSON, Texas – Texans CU filed a Chapter 11 bankruptcy petition yesterday for its Texans CUSO Insurance Group unit, because of a $6 million judgement against it by the company’s former owner.
September 8 -
BEL AIR, Md. – HAR-CO FCU is one of the first credit unions to offer a tuition rewards program which will offer discounts on college tuition in exchange for increased savings.
September 8 -
NASHVILLE, Tenn. – A suit filed Friday in federal court here charges CUNA Mutual’s CUNA Brokerage Services unit misrepresented the nature of a multi-million dollar retirement plan a credit union purchased for its long-time CEO.
September 7 -
PHOENIX – Authorities are searching for a robber who held up an Arizona FCU and Wells Fargo branch while concealing a handgun in a fake sling on his arm.
September 7 -
ARLINGTON, Wash. – Three members of BECU were charged last week with a scheme that successfully stole more than $60,000 from one of the credit union’s ATM.
September 7 -
RIDGECREST, Calif. – AltaOne FCU, which has been struggling with large losses, announced last week it is closing its branch in Mammoth Lakes effective Oct. 2 because of the poor economic climate.
September 7 -
PENSACOLA, Fla. – Officials with Escambia County have approved a $1 million grant for Navy FCU to help the credit union giant expand its call center here.
September 7 -
GARDNER, Mass. – The Federal Home Loan Bank of Boston has awarded a $10,000 grant to GFA FCU to make grants of up to $10,000 to first-time homebuyers under the FHLB’s "Equity Builder" program.
September 7 -
MENOMONIE, Wis. – Westconsin CU is offering its members online banking through Facebook’s My Money.
September 7 -
BOULDER, Colo. – Premier Members CU and Colorado United CU and have agreed to combine, the latest in-state merger creating a larger credit union.
September 7 -
APPLE VALLEY, Minn. – Wings Financial FCU said its members overwhelmingly approved a conversion to a state charter that will serve almost four million people in the 13-county metro area surrounding the Twin Cities.
September 7 -
NEWARK, Ohio – Fiberglass FCU has donated its former office on John Street to the IBEW, a labor union of Owens Corning.
September 7 -
McLEAN, Va. – Long-term mortgage rates declined last week and moved closer to the 5% mark.
September 7 -
MADISON, Wis. – CUNA Mutual Group, which acquired a minority share of Producers Ag Insurance Group in 2007, said it has agreed to buy the rest of the Amarillo, Texas, crop insurer.
September 7 -
MACON, Ga. – The former president of tiny Brosnan Yard CU shot herself to death last month as police were about to arrest her for an embezzlement scheme that may have drained more than $350,000 from the credit union.
September 7 -
WASHINGTON-The services of corporate credit unions should be limited to a defined set, including payments and settlements, liquidity and short-term investments, according to final recommendations released last week by a task force created in the wake of several failures among corporates earlier this year.
September 4 -
WASHINGTON - Among the joint CUNA/NAFCU task force recommendations on corporates are:
September 4 -
HARRISBURG, Penn.-Concerns over the possibility of CU taxation have subsided in Pennsylvania, following a proposal to help whip the state's budget into shape by reducing or eliminating tax exemptions for non-profit entities.
September 4 -
BIRMINGHAM, Ala. - Credit unions that once had or still maintain strong connections to employer groups and retained a core of loyal members have best weathered the economic storm with their images intact according to Bancography's annual brand report.
September 4 -
LOS ANGELES - BizKid$, the innovative credit union TV show that teaches kids about financial education, won a Daytime Emmy from the National Academy of Television Arts & Sciences right after capturing the National CU Foundation's Herb Wegner Award for Outstanding Program.
September 4