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ROCHESTER, N.Y. – City and county officials yesterday joined representatives of ESL FCU in breaking ground on the credit union’s $50 million headquarters, the center of a downtown restoration planned for this economically distressed outpost in upstate New York.
July 30 -
DALLAS – Zix Corp., provider of e-mail encryption services for dozens of credit unions and banks, said second quarter losses narrowed to $1.4 million, or two cents a share, from a loss of $3.1 million for the second quarter last year.
July 30 -
JACKSON, Miss. – Dover Corp. yesterday said it has agreed to sell ATM manufacturer Triton Systems of Delaware to Nautilus-Hyosung of South Korea.
July 30 -
SAN FRANCISCO – Cards giant Visa reported a 41% surge in second quarter earnings yesterday, as more money changed hands using its credit and debit cards – particularly outside the United States.
July 30 -
SEATTLE – Seattle Metropolitan CU said it has introduced “green loans,” which offer discounts on auto loans for fuel-efficient vehicles, home loans for certified green homes and equity loans for energy efficiency upgrades.
July 30 -
DURAND, Mich. – SageLink CU yesterday broke ground on a new headquarters that will resemble a railroad depot, in recognition of the city’s background as a railroad center.
July 30 -
WASHINGTON – Three key senators yesterday asked for a federal study into the structure of credit card interchange fees, in hopes of settling the ongoing battle between merchant and banks and credit unions.
July 30 -
HARRISBURG, Penn. - In the latest round of legal skirmishes with between credit unions and banks, a federal court ruled last week that NCUA exceeded its authority when it awarded a broad community charter encompassing much of central Pennsylvania to Members 1st FCU, and later to two additional credit unions.
July 30 -
LAS VEGAS - The fallout continues from the failure of IndyMac Bancorp–and credit unions are attempting to capitalize on the fallout hitting other banks.
July 30 -
FAIRFAX, Va. - In-school and student-run CU branches are usually seen as a quality educational tool for students and a convenient way for teachers to access a branch.
July 30 -
SOUTHBEND, Ind. - With college tuition rising and the economy making it tougher to save, Notre Dame FCU has partnered with College Funding Solutions to offer an online tool to help parents plan for their kids’ education.
July 30 -
HONG KONG - Attendees at WOCCU’s World Forum here in Southern China “traveled” to Africa courtesy of a video link to Kenya.
July 30 -
You’ve seen their panicked faces on TV, perhaps even in your community if you live near a branch–bank customers lined up all night and around the block to withdraw their life’s savings from a bank in trouble or rumored to be in trouble (the latter always leading to the self-fulfilling former).
July 30 -
SALT LAKE CITY – A local man on Monday was accused of phoning a bomb threat to a Cyprus CU manager, claiming he would "blow up a square mile" around the credit union if she did not give him $100,000.
July 29 -
LIBERTY, Ohio – DOY FCU yesterday broke ground on a new headquarters.
July 29 -
GLENDALE, Ariz. – Arizona State CU yesterday said it converted 96,000 signature and PIN debit accounts to PSCU Financial Services as part of a five-year agreement that also includes driving 41 ATMs.
July 29 -
UNIVERSAL CITY, Texas – Randolph-Brooks FCU yesterday said it contracted with Travitor Media to implement the company’s online Enterprise Learning Management System.
July 29 -
VIENNA, Va. – Navy FCU yesterday announced a deal with CUSO Financial Services LP to provide back office support to Navy Federal Brokerage Services and Navy Federal Asset Management, a registered investment adviser.
July 29 -
BINGHAMTON, N.Y. – GHS FCU yesterday announced the hiring of Rico Bautista, a senior vice president with Altier FCU in Phoenix, as its new president and CEO.
July 29 -
MENASHA, Wis. – Capital CU has contributed $100,000 to help Fox Cities Community Health Center build a new dental clinic for preventive dental care, primarily in low-income children.
July 29