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CHANTILLY, Va. – Online Resources Corp. yesterday reported a second quarter loss of $3.2 million, or 11 cents a share, compared to a loss of $1.2 million, for the last year’s second quarter.
July 29 -
DAYTON, Ohio – NCR Corp. yesterday reported a 12% decline in second quarter earnings, reflecting costs from a realignment of its business following the spinoff last fall of its Teradata Corp. data warehousing software business.
July 29 -
BROOKFIELD, Wis. – In another sign of the economic slowdown, Fiserv yesterday reported an almost 8% decline in second quarter earnings, to $99 million, or 60 cents a share.
July 29 -
SAN FRANCISCO – An employee of Desert Schools FCU and one from USA CU will be traveling to Beijing for next month’s Olympics as part of Visa’s Olympic Games promotion.
July 29 -
CHICAGO – The transition at NCUA was conducted quietly here yesterday when Michael Fryzel was sworn in as new NCUA Chairman.
July 29 -
LANSING, Mich. – The Michigan Office of Financial and Insurance Regulation yesterday announced it is teaming with NASCUS – the National Association of State CU Supervisors – to offer a training session for volunteer credit union directors.
July 28 -
MILWAUKEE – Metavante Technologies yesterday reported that second quarter earnings fell almost 16% to $36.9 million, or 31 cents a share.
July 28 -
REDWOOD CITY, Calif. – A San Mateo CU member and county employee, identified only as Michele, is the proud owner of a new 2008 Mercedes-Benz 300 CL coupe.
July 28 -
KALAMAZOO, Mich. – Educational Community CU said it granted a total of $23,000 in college scholarships to 21 outstanding students at the credit union’s annual awards ceremony.
July 28 -
ROCKVILLE, Md. – FedFinancial FCU yesterday said it has implemented Digital Dialogue’s outbound program.
July 28 -
VIENNA, Va. – Navy FCU said it has become a member of NACHA, making it the 25th direct financial institution member of the National Automated Clearing House Association.
July 28 -
MARION, Ind. – As one of the first moves under its new moniker, Via CU closed down two branches and merged them into a new service center at the same lot.
July 28 -
RACINE, Wis. – Educators CU and the YMCAs of southern Wisconsin are offering to help six families improve their financial profiles in a nine-month “Savings Challenge,” with the participants improving their finances the most winning $10,000.
July 28 -
NEW LONDON, Conn. – NCUA yesterday closed and liquidated New London Security FCU, a $12.7 million credit union that holds almost no loans.
July 28 -
PHILADELPHIA – With tens of millions of dollars of liability at stake, Fifth Third Bank has asked a U.S. Appeals Court here to review a recent ruling by a three-member panel of the court that would enable Pennsylvania State Employees CU and hundreds of other credit unions to seek damages in credit card breaches from third-party processors.
July 28 -
MINNEAPOLIS – Fair Isaac & Co., provider of the ubiquitous FICO score, said net income for its fiscal third quarter rose 11% to $26.5 million because of the sale of its Insurance Bill Review subsidiary. The company booked a $7.7 million sale on the unit.
July 27 -
ATLANTA – Credit bureau Equifax last week reported its second quarter profit rose just 1%, even as sales rose 10%.
July 27 -
RESTON, Va. – Student loan giant Sallie Mae reported its second-quarter profit plummeted 72% as funding costs remained high amid further weakening in the credit markets and the company took charges related to its restructuring.
July 27 -
LAHAINA, Hawaii – Lahaina FCU has agreed to merge into Valley Isle Community FCU, the second-largest credit union on Maui with $75 million in assets.
July 27 -
BIRMINGHAM, Ala. – Alabama Telco CU last week said it is building two additional branches in the fast-growing suburbs of Chelsea and Helena.
July 27