SAN DIMAS, Calif. – Corporate credit unions yesterday reported soaring losses on their troubled mortgage securities, which will lead to additional charges at natural person credit unions over the coming weeks and months.

ALLENTOWN, Penn. – A robber will serve up to 14 years in state prison for two credit union hold-ups in Allentown and Bethlehem in which more than $217,700 was stolen and a credit union president was struck on the head with a gun.

JACKSONVILLE, Fla. – Loan Processing Services, spun off last year from Fidelity National Information Services, reported a 22% rise in net income for its second quarter, to $75.7 million, amid a surge in mortgage processing and servicing revenue.

DAYTON, Ohio –NCR Corp., the biggest maker of ATMs and self-service financial machines, said it will shrink its workforce here to 100 by late 2011 as it moves its headquarters to the Atlanta suburb of Duluth, Ga.

PURCHASE, N.Y. – MasterCard reported a 26% rise in second-quarter profits yesterday, boosted by an increase in pricing and number of transactions, and a decrease in incentives and rebates.

MAPLE GROVE, Minn. – TopLine CU employees tripled their initial goal and donated more than 350 pounds of food, hundreds of dollars, and more than a thousand clothing items, to restock the local chapter of Community Emergency Assistance Program.

KENNEWICK, Wash. – Volunteers broke ground this week on a new home for a refugee family from Sudan, courtesy of Gesa CU.

McLEAN, Va. – Long-term mortgage rates rose this week, for the second week in a row, according to Freddie Mac.

PITTSBURGH – CUNA Mutual Group and its CUMIS Insurance unit have filed suit in federal court asking that the CEO of a now-defunct credit union be barred from shielding her assets under Chapter 7 of the bankruptcy code because they believe she embezzled $340,000 which the credit union insurer covered as part of a bond claim.

WASHINGTON — A bill introduced in Congress this week would expand the powers of credit unions to make business loans.

SAN DIMAS, Calif. – WesCorp FCU this afternoon reported a massive $538 million loss for the month of June, due to $541.1 million of other-than-temporary impairment charges recorded on its mortgage securities.

SAN DIMAS, Calif. – WesCorp FCU this afternoon reported a massive $538 million loss for the month of June, due to $541.1 million of other-than-temporary impairment charges recorded on its mortgage securities.

A bill introduced in Congress this week would expand the powers of credit unions to make business loans.

WASHINGTON – A bill introduced in Congress today would expand the powers of credit union to make member business loans by raising the cap on MBLs to 25% of assets, and excluding any loans less than $250,000; all faith-based loans and certain loans made in underserved areas from the cap.

WASHINGTON – A bill introduced in Congress today would expand the powers of credit union to make member business loans by raising the cap on MBLs, and excluding any loans less than $250,000; all faith-based loans and certain loans made in underserved areas from the cap.

COLUMBUS, Ohio – Corporate One FCU yesterday reported an $8.2 million loss for the first six months of the year, which it attributed to $17.1 million of charges on its mortgage-backed securities.

JACKSONVILLE, Fla. – Fidelity National Information Services, the former conglomerate since unwound, plans to raise as much as $320 million for its pending acquisition of Metavante Technologies from two old partners Thomas H. Lee and Fidelity National Financial (Title), its one-time affiliate.

BROOKFIELD, Wis. – Fiserv yesterday reported a 40% surge in second quarter profits, to $140 million, to a $265 million, or 25%, reduction in expenses after the sale of its Fiserv Insurance unit.

SAN FRANCISCO – Boosted by the sale of its share of VisaNet do Brazil, Visa Inc. yesterday reported a 73% surge in third quarter earnings, to $729 million.

BELLINGHAM, Wash. – Whatcom Education CU contributed a total of $12,900 to 10 local non-profit organizations as part of its annual community grant program.