• OCALA, Fla. – U.S. Bancorp has filed suit against failed mortgage lender and servicer Taylor, Bean & Whitaker Mortgage Corp. to turn over more than $180 million of home loans Taylor, Bean is servicing for the bank.

    August 19
  • WEST PALM BEACH, Fla. – What will the nation’s credit union community look like 100 years from now? Will there even be one? Or will it be even more robust?

    August 19
  • NORTH ANDOVER, Mass. – A robber who stuck up a branch of Merrimack Valley FCU here apologized to employees as he was leaving the building.

    August 19
  • KENNEBEC, Maine – Members of KV Federal Credit Union will begin voting on a rare credit union/bank merger on Saturday.

    August 19
  • WASHINGTON – Prodded by the ongoing number of bank failures in 2009, it appears increasingly likely the Federal Deposit Insurance Corp. (FDIC) will assess its second special insurance premium to help bolster the fund.

    August 19
  • ALEXANDRIA, Va. – NCUA has sent a regulatory alert to credit unions that may offer at least some relief from compliance demands caused by certain provisions of the CARD Act which go into effect today.

    August 19
  • ARLINGTON, Va. – As it prepares to host its annual meeting, the National Association of State Credit Union Supervisors has introduced a new corporate logo and updates at www.nascus.org.

    August 18
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  • WASHINGTON – The nation’s largest 22 banks boosted mortgage and home equity lending during June, but reduced other types of consumer loans, according to a survey of banks released by the Treasury Dept.

    August 18
  • SACRAMENTO, Calif. – JPMorgan Chase & Co. has agreed to loan the state of California $1.5 billion so the state can bring its “IOU” program to a close a month earlier than planned.

    August 18
  • WASHINGTON – Credit Union Student Choice, a CUSO that provides private student lending services, has launched CUSelect, a Web tool that helps would-be private student loan borrowers connect with credit unions who participate in the Student Choice network.

    August 18
  • ALEXANDRIA, Va. – Deborah Matz will officially take the oath of office and become the eighth chairman of NCUA on Monday, Aug. 24.

    August 18
  • SAN DIMAS, Calif. – Shared branching network Financial Service Centers Cooperative, Inc., said it will distribute $930,000 among 30 FSCC credit unions as rewards for helping to stop fraud activity during the first and second quarters of 2009.

    August 18
  • CHARLOTTE, N.C. – As the 2009 football season prepares to kick off, another credit union has signed an NFL player to be its spokesperson. Charlotte Metro Credit Union will use Carolina Panthers quarterback Jake Delhomme in a series of three commercials in which he will pass along financial tips on rates and fees.

    August 18
  • WASHINGTON – The Federal Reserve and Treasury have announced plans to extend the Term Asset-Backed Securities Loan Facility, better known as TALF, for three to six months beyond the scheduled year-end 2009 expiration.

    August 18
  • WASHINGTON – Despite some positive economic indicators, a new survey from the Fed finds most major lenders are not planning to make any changes to their underwriting standards for residential real estate, commercial mortgages or credit cards before 2011.

    August 18
  • WASHINGTON – Credit unions should not look for any relief in complying with several provisions of the CARD Act, which go into effect tomorrow, Aug. 20. The Federal Reserve has sent a letter to CUNA saying its ability to provide relief from the legislation’s requirements is constrained by the CARD Act’s legislative language.

    August 18
  • MIAMI – A one-time government informant, who was charged last year with hacking into TJX Cos. and more than half-dozen other national chains, was among three suspects indicted yesterday with stealing data on millions of accounts from Heartland Payment Systems, Hannaford Brothers and 7-Eleven.

    August 17
  • * E1 Financial CU will merge with NuVision FCU, Huntington Beach, Calif., not NuUnion CU, which is located in Lansing, Mich.

    August 17
  • MIDDLETOWN, Pa. – John H. Bixler, Jr., the first president of Mid-Atlantic Corporate FCU, has died.

    August 17
  • GARFIELD, N.J. – Several former CU National Mortgage executives have created a new company called Clarity Member Services to offer a variety of mortgage lending services to credit unions.

    August 17