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KANSAS CITY, Mo. – CommunityAmerica CU reported yesterday it has implemented Palisade Systems’ PacketSure data loss prevention tool.
March 2 -
ALBANY, N.Y. – SEFCU said yesterday it has implemented Tripwire Inc.’s Enterprise for enhanced file integrity monitoring and to manage and enforce change control processes across the credit union's data center.
March 2 -
HARBOR, Ore. – Chetco FCU said yesterday it has agreed to move the processing and servicing of its $4.7 million credit card portfolio, 12,000 PIN and signature debit card accounts, as well as its ATM terminal driving, to TNB Card Services.
March 2 -
TAMPA, Fla. – Suncoast Schools FCU said it tw.telecom has completed the implementation of a 51-site IP VPN, or Internet Protocol Virtual Private Network for the $6 billion credit union.
March 2 -
DEARBORN, Mich. – DFCU Financial has completed its acquisition of ailing Capital Community CU, based in Lansing.
March 2 -
ATLANTA – The Federal Home Loan Bank of Atlanta said last week it took steps to conserve capital to prepare for possible large write-downs in the value of some of its mortgage-backed securities.
March 2 -
DALLAS – The Federal Home Loan Bank of Dallas said losses on its hedging and derivatives caused it to report a fourth quarter loss of $67.6 million.
March 2 -
WEST PALM BEACH, Fla. – The Credit Union Journal has unveiled anther big reason to make sure you don’t miss Grow Show by announcing it will one night’s hotel room cost in the already low registration fee. For a limited time, the next 20 registrants for the conference will be offered one night at the Hotel del Coronado in San Diego as part of their registration. The offer will expire on March 6.
March 2 -
WASHINGTON – CUNA took its appeal over market value accounting to the White House last week, asking President Obama to form a task force to review whether current accounting rules are exacerbating the current financial crisis and whether the rules should be amended.
March 2 -
TRENTON, N.J. – Three credit unions and two banks last week became the first financial institutions to seek recompense through the courts against Heartland Payment Systems for one of the biggest credit card breaches ever.
March 1 -
PENSACOLA, Fla. – Florida State Employees FCU said it appointed Christina Reynolds as its new president and CEO.
March 1 -
FLORENCE, S.C. – Pee Dee FCU said it awarded min-grants to ten teachers, part of its effort to recognize local educators.
March 1 -
CABAZON, Calif. – The Morongo Band of Mission Indians has opened First Californian CU union on the reservation.
March 1 -
TUPPER LAKE, N.Y. – Adirondack Regional FCU said it raised $19,000 this year to help senior citizens who need help with their fuel and electric bills over the winter.
March 1 -
LANSING, Mich.-- NuUnion CU has introduced a new savings program that enters members into a grand-prize ‘Save to Win’ drawing every time they make a deposit of at least $25 in their account.
March 1 -
CHICAGO – The Federal Home Loan Bank of Chicago, reeling from unrealized losses on its private-label mortgage backed securities, said last week it expects to report a loss of $119 million for 2008 sometime next month when it releases audited results for the year.
March 1 -
PITTSBURGH, Penn. – The Federal Home Loan Bank of Pittsburgh reported last week that other-than-temporary impairment charges of $266 million taken on its private label mortgage backed securities forced it to take a $187.9 million loss for its fourth quarter.
March 1 -
SAN DIMAS, Calif. – WesCorp FCU reported Friday that unrealized losses on its troubled investment portfolio increased by $310 million in January, to almost $2.9 billion, as the credit markets continued to stall.
March 1 -
CUDAHY, Wis. – A week after the break-up of the merger between Prime Financial CU and Guardian CU, state regulators took financially ailing Prime Financial under conservatorship on Friday.
March 1 -
NEWARK, N.J. – A civil suit filed against CU National Mortgage last week hours before the company filed for bankruptcy charges the owner and CEO of CU National masqueraded as an executive vice president of Picatinny FCU and signed "allonges" assigning millions of dollars of the Dover, N.J., credit union’s mortgages to Fannie Mae as part of a wide-ranging fraud scheme that may involve hundreds of millions of dollars of credit union loans.
March 1