Financial Institutions Say Green Initiatives In Works

MADISON, Wis. - As credit unions move away from single sponsors to multi-SEG and community charters, the face and behavior of credit union members is changing-meaning some long-held credit union strategies must change, as well.

EAU CLAIRE, Wis. - Recalling the days when a larger credit union helped his then smaller operation to get off the ground, Royal Credit Union is returning the favor now that it has grown.

INDIANAPOLIS - FORUM Credit Union members like the credit union so much they're telling their friends about it.

SAINT PAUL, Minn. - Instead of backing away from real estate loans like many financial services providers, one credit union is pushing all the harder, offering a unique mortgage refinance promotion with no closing costs.

FAIRFAX, Va. - With the graying of the population, it's no wonder demand for reverse mortgages is on the rise-but that popularity is also coming at a time when it may be trickier for CUs to offer this product.

ALEXANDRIA, Va. - NCUA said last week that federally insured credit unions held more than $76 billion worth of so-called agency bonds, those issued by one of the government sponsored enterprises, at mid-year.

MADISON, Wis. — As credit unions move away from single sponsors to multi-SEG and community charters, the face and behavior of credit union members is changing-meaning some long-held credit union strategies must change, as well.

HAMILTON, Ohio – A former loan officer for Chaco CU was sentenced to 180 days in prison and to serve 200 hours of community service after her release for theft of more than $30,000 from the credit union.

GLASTONBURY, Conn. – Open Solutions Inc. yesterday said it has signed with ContentFast, LLC, to offer the company’s e-mail archiving and surveillance in a hosted environment, also known as Software as a Service (SaaS).

ROCK HILL, S.C. – Family Trust FCU is holding a ”Sports Jersey Day” to promote the opening of its new Clover branch, the $220 million credit union’s seventh service center.

MARLBOROUGH, Mass. – St. Mary’s CU said it has opened a business services department aimed at small and mid-sized businesses, for the first time in its 100-year history.

REIDSVILLE, N.C. – Reidsville High School yesterday opened the state's first student-run credit union, a branch of American Partners FCU.

RALEIGH, N.C. – One lucky member of Local Government Employees FCU won $1,000 from her credit union just for swiping her debit card.

WESTLAND, Mich. – Drivers yesterday waited patiently in line at a local Mobil station and a BP station in Dearborn to fill up their tanks at a 25-cents-a-gallon discount, courtesy of Livonia-based Co-op Services CU.

SAN ANTONIO – San Antonio FCU has placed two ATMs at the Port of San Antonio to provide evacuees from Hurricane Ike access to funds.

McLEAN, Va. – Home mortgages rates this week declined significantly to their lowest level in five months, a result of the government takeover of Fannie Mae and Freddie Mac, according to observers.

ROCHESTER, N.Y. – One member of Summit FCU was rewarded yesterday for his online banking use–to the tune of $100,000.

SALT LAKE CITY – A suspect was arrested and charged yesterday with last week’s robbery at Mountain America when the assailant made off with all of $45–hardly enough to fill his tank with gas.

COURTHOUSE, Penn. – The former president of United Food and Commercial Workers Local 1776 FCU was charged with embezzling more than $35,000 by, among other things, paying herself unauthorized raises.