CAMBRIDGE, Minn. – Minnco CU said yesterday it has chosen TNB Card Services to processing partner as it moves to broaden the range of competitive products it offers to members.

SPRINGHILL, La. – Carter FCU will celebrate the opening of its newest branch today in Haughton with the launch of a rewards checking account.

SACRAMENTO, Calif. – SAFE CU, the state’s 17th largest credit union with $1.5 billion in assets, announced yesterday it has agreed to acquire ailing American River Healthpro FCU, the latest troubled California credit union to be merged out.

NORRISTOWN, Penn. – The ex-girlfriend of one of a man she helped rob two credit unions and two banks after meeting him on the Internet will be under court supervision for seven years after confessing to driving the getaway cars in those hold-ups.

WALLINGFORD, Conn. – Constitution Corporate FCU said the combination of losses on its distressed mortgage securities and the write-down of its shares in U.S. Central FCU has eliminated all of its retained earnings and will cause it to start using its member capital shares to absorb additional losses.

CALABASAS, Calif. – A vulture firm founded by former Countrywide Financial President Stanford Kurland filed Friday to raise as much as $750 million in an initial public offering.

APACHE JUNCTION, Ariz. – Several suspects stole a backhoe from a nearby business, then tried to rip an ATM off its foundation and open it at an Arizona FCU near Apache Trail early Saturday morning, but gave up trying to open the machine and fled the scene.

ALBANY, N.Y. – SEFCU, one of the credit union pioneers in emerging technologies, has joined the Twitter generation.

PORTSMOUTH, N.H. – Service CU, one of the few credit unions with overseas operations, has introduced a youth financial education program to meet the financial literacy and readiness goals for students in Germany.

BROKEN ARROW, Okla. – Western Sun FCU announced that Robert Taylor, a top executive the past 16 years, has been promoted to be president and CEO of the $100 million credit union.

LOS ANGELES – Just in time for June wedding bells, Water and Power Community CU is introducing a wedding registry savings account, called MatriMoney, that will help newlyweds start saving for their futures together.

SAN JOSE, Calif. – Technology CU will announce this week it will be the second credit union to go live with an official iPhone application, and will pioneer some unique functionality in the process, including a branch and ATM locator.

SEATTLE – Express CU is expanding into the underserved market with the help of 16 area non-profits groups that will provide their clients with on-site financial services through the credit union.

MILAN, Ill. – An employee of DHCU Community CU was charged last week with complicity in last year’s armed robbery of $112,400 from the credit union’s ATM.

WARRENVILLE, Ill. – Members United Corporate FCU said last week that losses of $511 million it reported the previous month erased $424.7 million of retained earnings and created negative retained earnings of $124.3 million.

ALEXANDRIA, Va. – NCUA agreed Friday to allow corporate credit unions to write-down 23% of their membership capital shares in U.S. Central FCU–instead of 63% estimated earlier–effectively giving corporates $500 million than was expected.

ASHEBORO, N.C. – A local bank has filed a trademark infringement suit against Truliant FCU and asked a federal court to bar the Winston-Salem credit union from using its ‘Yes you can’ service mark on billboards and other advertisements.

ALEXANDRIA, Va.-NCUA has revamped its website at www.ncua.gov.

NCUA Will Guarantee CIF Principal, Dividend For 2 Yrs

GREEN BAY, Wis. — Last week's quick jury verdict proclaiming a credit union's sale of credit life products as part of their regular course of business could induce the Internal Revenue Service to return to the table to negotiate a settlement on the decades-old dispute over unrelated business tax, or UBIT, individuals involved on the credit union side suggested.