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DAYTON, Ohio -- ATM maker NCR Corp. lost $15 million in the first quarter compared with a profit of $48 million in the same period of 2008, largely because of a downturn in the retail industry, the company said yesterday.
April 23 -
RESTON, Va. – Sallie Mae, the nation's largest student lender, narrowed its loss in the first quarter to $21 million, down from a $104 million first quarter loss last year, despite government efforts to stabilize short-term debt markets that Sallie Mae says hurt its results.
April 23 -
LENEXA, Kan. – A man charged with last month’s armed robbery at the Credit Union of Johnson County was indicted yesterday on additional charges of attempting to kill a witness to the hold-up as he made his getaway.
April 23 -
ERIE, Penn. – Erie FCU is giving away prizes and other giveaways with magic themes for youth any one of its six branches as an inducement to membership.
April 23 -
TINKER AIR FORCE BASE, Okla. – Tinker FCU is hosting its ninth annual Miracle Car Show this Saturday, to benefit Children’s Miracle Network. at the credit union’s corporate offices.
April 23 -
ROCHESTER, N.Y. – ESL FCU, the biggest credit union in New York, completed the implementation of The Complete Credit Union Solution: DNA core processing system, from Open Solutions.
April 23 -
McLEAN, Va. – Home loan rates tipped down again this week near all-time lows, according to Freddie Mac.
April 23 -
PHOENIX – Arizona FCU, continuing to struggle with large losses, is shutting two more branches, making a total of six branches closed so far this year.
April 23 -
TUKWILA, Wash. – The recession has officially spread to the northwest, as evidence by the increasing delinquencies for consumer loans and a $9.3 million operating loss at BECU.
April 23 -
BLOOMINGTON, Minn. – Credit union auditors are laying out the options for how credit unions can account for their share of the corporate bailout costs and the impairment of capital in WesCorp FCU, but are leaving it up to their clients to decide how they will report the charges.
April 23 -
ST. PAUL, Minn. – A man who allegedly held a gun to a Heartland CU teller’s head and forced her to load a bag with $18,600 cash last month was indicted yesterday on armed robbery and firearms charges.
April 22 -
GREENSBORO, N.C. – The Carolinas CU Foundation has awarded separate grants of $17,500 to the Billy Hardy Home for Boys and of $10,000 to Generations Group Home.
April 22 -
ALEXANDRIA, Va. – NCUA has granted two new TIP charters, allowing the credit unions to serve entire trades, industries or professions.
April 22 -
SMITHFIELD, N.C. – State Employees CU, which has contributed funds to the renovation and construction of several hospices, said its SECU Foundation gave $1 million to the construction of the Johnston Health Hospice here.
April 22 -
ALBUQUERQUE, N.M. – New Mexico Educators FCU said it has contracted with Southwest Corporate FCU to provide consumer remote deposit services for its members, the second credit union to sign up for the service.
April 22 -
PEMBROKE PINES, Fla. – Power Financial CU has chosen The Institute for Regional Conservation, a Miami non-profit dedicated to green issues, as the grand prize winner of its first annual Small Business Makeover Contest.
April 22 -
MANCHESTER, N.H. – St. Mary’s Bank, the nation’s first and oldest credit union, held its 100th annual members meeting last week, part of the year-long celebration of 100 years of credit unions.
April 22 -
WASHINGTON – The House is planning to hold hearings next month on the ongoing problems in the corporate credit union network, including last month’s failures of U.S. Central FCU and WesCorp FCU.
April 22 -
MIRAMAR, Fla. – The financial condition of Eastern Financial Florida CU, the one-time high-flying airlines credit union, has continued to deteriorate in recent months, even while state regulators have slapped the credit union with a tough supervisory order.
April 22 -
SACRAMENTO, Calif. – The retroactive assessment of some of its share of the corporate bailout costs back to the fourth quarter of 2008 wiped out a healthy $21 million net for The Golden 1 CU and pushed the credit union into the red for last year.
April 22