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YORK, Penn. – Members 1st FCU continued to thumb its nose at the bankers, in the face of this summer’s court-ordered roll-back of its field of membership, said it is opening another new branch here.
October 2 -
McLEAN, Va. – Mortgage rates remained unchanged this week after surging last week, amid continuing turbulence in the financial markets, according to Freddie Mac.
October 2 -
ALEXANDRIA, Va. – NCUA announced yesterday it has approved a charter for Oak Cliff Christian FCU, only the third new credit union approved this year, putting 2008 on pace for the fewest new credit unions in decades.
October 2 -
WICHITA FALLS, Texas – NCUA said it shut down Wichita Falls CU and sold off the remnants to the $5 million credit union failure to nearby Postel Family CU.
October 2 -
SACRAMENTO, Calif. – For the second straight year, Governor Schwarznegger vetoed the data security bill pushed by the credit union lobby, even after credit unions returned to the legislature this year to address some of the concerns he expressed last year.
October 2 -
TULLAHOMA, Tenn. – Even as Congress is working to quell the panic in the financial markets, some credit unions have sought to leverage the news by announcing special dividends usually reserved for Christmas time.
October 2 -
RIVERSIDE, Calif. – Support for the mortgage bailout plan appears to be growing among credit union executives, especially in ground zero of the mortgage crisis, just as the House is expected to vote an amended version today.
October 2 -
WASHINGTON – The Senate overwhelmingly approved the $700 billion bailout of the mortgage industry last night after adding tens of billions of tax breaks, then sent the bill back to the House, which narrowly defeated an earlier version on Monday.
October 1 -
DES MOINES, Iowa – A man who robbed EdCo Community CU yesterday morning died a short while later after crashing the car he stole from one of the employees to make his getaway.
October 1 -
MADISON, Wis. – University of Wisconsin CU announced yesterday a $215,000 commitment to help fund the University’s scholarship initiative, called "Great people. Great place."
October 1 -
RALEIGH, N.C. – State Employees CU said its SECU Foundation has awarded a $250,000 matching grant to Hospice of Wake County.
October 1 -
LEOMINSTER, Mss. – Leominster CU has asked city officials for approval to build a 31,000-square-foot, three-story building that will connect to its headquarters.
October 1 -
DES MOINES, Iowa – Gary Peterson, president and chief executive of $70 million Financial Plus CU announced he will retire at year-end.
October 1 -
HELENA, Mont. UniPro Systems, the data processor for area credit unions, said it has agreed to merge with CUSource.
October 1 -
ST. PETERSBURG, Fla. – PSCU Financial Services said yesterday it has acquired a two-story building in north Phoenix for $24.5 million.
October 1 -
OLYMPIA, Wash. – State chartered credit unions may dismiss a member of its board of directors if the member misses four regular meetings in a year without being reasonably excused, state regulators ruled yesterday.
October 1 -
CHICAGO – Authorities are investigating the books of two tiny credit unions after their manager left a suicide note confessing to stealing thousands of dollars from one of them.
October 1 -
OMAHA – Centris FCU will try again next week to auction of property it obtained under bankruptcy of a failed resort project.
October 1 -
WASHINGTON – More corporate credit unions reported this week that losses on their mortgage securities continued to increase, just as the Congress was debating a plan to buy distressed mortgage assets.
October 1 -
WASHINGTON – Included in the failed $700-billion financial rescue plan by Congress was a tax change that would have allowed financial institutions to treat Fannie Mae and Freddie Mac preferred stock losses as ordinary losses.
September 30