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HOUSTON – Cardtronics Inc., the nation’s largest ATM provider, beset by growing losses, announced its CEO Jack Antonini resigned Tuesday after six years heading the independent service organization.
March 19 -
TACOMA, Wash. – Harborstone CU said yesterday it will roll out reverse mortgage services in partnership with Security Reverse Mortgage.
March 19 -
PHILADELPHIA – Philadelphia FCU has unveiled a Bill of Rights theme to capture the nation’s populist mood and turn frustration with banks into a campaign to induce consumers to move their savings to the credit union.
March 19 -
McLEAN, Va. – Rates on 30-year mortgages plunged this week to the lowest level since January, and are poised to fall even further after the Federal Reserve launched a new effort to prop up the flailing housing market.
March 19 -
WASHOUGAL, Wash. – A suspected robber at LaCamas CU was arrested Wednesday after a police chase and crash where officers said he threw a bomb out of the car.
March 19 -
WASHINGTON – NCUA Chairman Michael Fryzel told lawmakers yesterday who are contemplating the merger of all financial institution regulators into one that he believes if that plan comes about Congress must maintain an independent office that would focus solely on credit union supervision.
March 19 -
WASHINGTON – Banking and credit union leaders implored lawmakers yesterday to give regulators vast new financial resources to help stabilize the nation’s depository system.
March 19 -
SALT LAKE CITY – A Bountiful man was sentenced to 30 months in prison yesterday for running off with $110,000 from his fiance’s America First CU account after he left her at the alter.
March 18 -
WASHINGTON – Leaders of the credit union movement will ask the Senate Banking Committee this afternoon for help paying for the $5 billion corporate credit union bailout by allowing NCUA to stretch out the assessment for the bailout to as long as eight years and to expand the powers of the $41 million emergency credit union loan fund, known as the Central Liquidity Facility, to assist in the rescue.
March 18 -
SOUTHBRIDGE, Mass. – Southbridge CU announced the hiring of Jeffrey Davenport, the one-time president of County FCU, in Caribou, Me., as its new president and CEO.
March 18 -
EL CENTRO, Calif. – Sun Community FCU said it has selected Fortrex Technologies’ VendorPoint automated vendor management and privacy compliance technology solution, to manage vendor relationships.
March 18 -
MAPLE GROVE, Minn. – Minnesota Building Trades FCU said it has contracted with SEDONA Corp. to install the company’s member relationship management system.
March 18 -
LEOMINSTER, Mass. – Leominster CU has received final approvals from the city of Leominster and the state Division of Banks to build a three-story, 28,500-square-foot headquarters adjacent to its current main office.
March 18 -
PHILADELPHIA – Citadel FCU has acquired an 8,000 square-foot building, the former site of Basil restaurant, where it plans to locate a new branch.
March 18 -
RENO, Nev. – Great Basin FCU announced it will close its branch in the Ironhorse Shopping Center in Sparks on April 15.
March 18 -
MORGANTON, N.C. – Financial Partners CU has agreed to combine with United Services CU, to create a credit union with $54 million in assets and 12,500 members.
March 18 -
DURHAM, N.C. – Self Help CU was awarded a $2.5 million grant yesterday under a new federal program that will help the community development credit union finance several initiatives aimed at alleviating the spreading foreclosure crisis in North Carolina.
March 18 -
SACRAMENTO, Calif. – Former NCUA Chairman and Patelco CU President Edgar Callahan died here today, following a long illness. He was 80 years old.
March 18 -
SACRAMENTO, Calif. – Former NCUA Chairman and Patelco CU President Edgar Callahan died at 80 today, following a long illness.
March 18 -
TULSA, Okla. – An article in yesterday’s Credit Union Journal Daily news incorrectly stated the sentence for a former assistant manager of Mayes County FCU, now Red Crown FCU, who embezzled $1.6 million from the $28 million credit union. It is 63 months in prison followed by 60 months of supervised release.
March 17