McLEAN, Va. – Mortgage rates moved lower this week as economic data showed a slowing in consumer spending, according to Freddie Mac.

GREENSBURG, Penn. – Westmoreland Community FCU had a contest to choose two young members who will have their photos appear on the side of local buses as part of the credit union’s “iBelong” marketing campaign.

PHILADELPHIA – A former executive vice president at Boeing Helicopters CU, in nearby Ridley Park, and his brother, yesterday were indicted by a federal grand jury on charges they collected more than $105,000 in kickbacks for approving $2.5 million in signature loans, many of them from ineligible members.

LOS ANGELES – LA Financial FCU yesterday announced a three-year, co-branded partnership with Operation HOPE to provide economic opportunity for underserved communities in South Los Angeles.

California regulators said late Wednesday that they have taken over Valley Credit Union in San Jose, which will be run under conservatorship by the National Credit Union Administration.

FAIRFAX, Va. – A story in yesterday’s Credit Union Journal Daily Briefing incorrectly stated the date for a grand opening for Apple FCU’s newest branch. It is Saturday, Sept. 6.

FORT WORTH, Texas – Unity FCU gave away some 600 school supply packages to students from pre-kindergarten to fifth grade as part of its annual “Gear up 4 School” supply drive.

LAKE JACKSON, Texas – Texas Dow Employees, one of the biggest credit unions in the state, has applied to state regulators to expand its charter to serve almost six million people in Harris (Houston) and five other counties.

TIFFIN, Ohio – Tiffin S. Joseph FCU yesterday said it will deploy Wolters Kluwer Financial Services’ Red Flag Rules Tool Kit for regulatory compliance.

PLANO, Texas – EDS CU yesterday reported it has signed with Fortrex Technologies to implement the company’s VendorPoint vendor management and compliance system.

YORK, Penn. – First Capital FCU is building a “green” branch here that will include such environmental initiatives as reserved parking for fuel efficient vehicles, a rain water capture toilet system, and LED light fixtures.

ALEXANDRIA, Va. – Newly appointed NCUA Chairman Michael Fryzel yesterday announced he has hired Sarah Vega, who succeeded him as state credit union regulator in Illinois, as his chief of staff.

ALEXANDRIA, Va. – More large credit unions than ever before – including 16 billion-dollar institutions – sunk into the red for the first half of the year, according to data submitted to NCUA.

SAN JOSE, Calif. – NCUA has appointed Matthew Davidson, long-time executive with the California CU League who headed one of the agency’s biggest conservatorships in the 1990s, to manage Valley CU, the troubled $255 million credit union it took over Tuesday.

BETHESDA, Md. – Allpoint said it has added more than 5,500 ATMs in 7-Eleven convenience stores to its surcharge-free network.

ALEXANDRIA, Va. – NCUA, which allows the suspension of services to members who cause a loss, said credit unions may suspend services in other cases as well, such as in the case of members who are abusive to employees or other members or who present a potential loss to the credit union.

SAN JOSE, Calif. – State regulators said last night they have taken over troubled Valley CU, which will be run under conservatorship by NCUA.

SAN JOSE, Calif. – State regulators said last night they have taken over troubled Valley CU, which will be run under conservatorship by NCUA.

CENTENNIAL, Colo. – Open Technology Solutions, a CUSO owned by four large credit unions, yesterday said it has signed with CO-OP Financial Services to manage its electronic payments and EFT portfolio.

ALEXANDRIA, Va. – The former vice president of member services at State Department FCU last week was indicted by a federal grand jury on charges he falsified $170,000 in expense reimbursement reports, including funds he had the credit union pay for his graduate school tuition.