LANSING, Mich. — A Financial Industry Regulatory Authority panel awarded CASE CU more than $1 million in a legal battle about alleged misrepresentation and omission of investments in CMOs and interest-only strips it purchased from Prudential.

DENHAM SPRINGS, La. – LA DOTD FCU, sponsored by the Louisiana Department of Transportion, announced yesterday it is changing its name to Main Street Financial FCU to reflect its expanding membership.

SACRAMENTO, Calif. – The recipients of billions of dollars in IOUs being issued by California soon may be able to sell them on a regulated market, benefitting both recipients and credit unions and banks that accept them.

RIVERSIDE, Calif. – The Altura Foundation, an educational foundation of Altura CU, recently awarded $46,000 in college scholarships to 46 Riverside County high school seniors.

BURLINGTON, Vt. – New England FCU has made a $25,000 contribution to Burlington’s Committee on Temporary Shelter, the local homeless shelter.

CALEDONIA TOWNSHIP, Mich. – Security CU plans to open a 5,000-square-foot branch by December in a redevelopment of the former Cruisers Auto Wash site on Airport Dr.

ROCKVILLE, Md. – REALTORS FCU, the nation’s first web-based credit union, said yesterday it has launched a comprehensive online banking service using Corillian Online from Fiserv.

DALLAS – -Southwest Corporate FCU has introduced ATM Capture, an image-enabled ATM software solution designed specifically for credit unions.

McLEAN, Va. – Long-term mortgage rates slid this week to their lowest since the end of May as a weakening labor market dragged down the government debt yields used to peg home loan costs.

WASHINGTON – Credit Union Student Choice, the private loan program for credit unions, said yesterday it signed with Overture Technologies to market the fledgling plan to students.

SACRAMENTO, Calif. – State chartered credit unions, already battered by the poor economy, will see their state supervisory fees raises by almost 17% this year as the state seeks to close a huge budget deficit.

MEMPHIS, Tenn. – Memphis Area Teachers CU said yesterday it has eliminated five of its top management positions after a $10 million loss last year and last month’s departure of its CEO.

LAKELAND, Fla. – In the latest development in the shake-up of the state’s largest credit unions, MidFlorida FCU has converted to a state charter, paving the way for a broader field of membership.

MIAMI, Ariz. – The manager of the new-defunct Marian Miami FCU was charged yesterday with embezzling $1.2 million from the credit union, which was taken over by regulators in 2006.

ASTON, Penn. – Sun East FCU recently held its annual Scholarship and Teacher Award reception where it awarded 10 high school seniors, two college students, and one endowment of $500 each who dedicated themselves to the community through personal commitment in the spirit of "People Helping People."

SACRAMENTO, Calif. – SAFE CU said it has joined three local banks in providing a $95 million secured credit facility for McLellan Business Park, the redevelopment of McClellan Air Force Base, which was shut down a decade ago.

KINGSTON, N.Y. – Hudson Valley FCU has arranged commercial financing of $6.3 million for three local businesses.

DENVER – The Credit Union of Colorado is expanding its branch network with a new facility in nearby Parker.

WICHITA, Kan. – Cessna Employees CU, which has watched thousands of its members lose their jobs during the past seven months, is constructing a free-standing branch at Cessna’s Pawnee facility.

ALEXANDRIA, Va. – Pentagon FCU yesterday it is expanding its operations in Omaha, Neb., with the addition of a second customer-care center to handle mortgages and collections.