HONOLULU – Hawaii Central CU announced the hiring of Gwen Lau as its new president/general manager.

SAN FRANCISCO – Officials of Northeast Community FCU are considering service reductions in the face of a $110,000 cut in funding from the Mayor’s Office of Community Development.

ARLINGTON, Va. – Online security providers are warning credit unions and banks of a new scam that piggybacks onto digital certificates to gain access to the personal account information of online banking users.

FORT WORTH, Texas – Increasing numbers of credit unions and banks are tying unauthorized transactions on customers’ accounts to a data breach at OmniAmerican Bank, a credit union-turned-bank.

SALT LAKE CITY – Gov. Jon Huntsman signed the credit union business loan reform bill into law Friday, putting the finishing touches on a rare compromise between traditional rivals banks and credit unions.

WALL STREET – The credit squeeze continued to expand to the student loan market from the financial markets last week, with the Montana Higher Education Student Assistance Corp. reporting a failed auction of bonds used to finance its student loans.

SAN DIMAS, Calif. - Two-thirds of respondents to a poll conducted by the Credit Union Journal now believe the U.S. economy is in a recession.

WASHINGTON - Lawmakers called last week for reforms to credit card rules and disclosures and to bar to some of the most controversial credit card issuer practices that change the terms of a loan after the issuance of credit.

Wis. Assembly Kills CU-Backed Data Security Bill

ODESSA, Texas - A state court has allowed First Basin CU to schedule depositions for representatives of several out-of-state credit unions whom FBCU says financed efforts to derail the credit union’s conversion to a mutual savings bank.

MINNEAPOLIS - Members of the May 1962 graduating class of North Central Airlines stewardess school beam proudly in their new corsage-dressed uniforms. The entire class celebrated by joining Northliner Credit Union, which served employees of North Central, now a part of Northwest Airlines. (c) 2008 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com

DENVER - Centrix Financial founder and former president Robert Sutton asked the federal bankruptcy court here last week to reject the reorganization of the failed subprime auto lender under a Chapter 11 bankruptcy plan and instead, to order the dissolution of the company under a Chapter 7.

SACRAMENTO, Calif. - California’s credit unions are working with the governor’s office here to help unbanked consumers get a new or second chance to enter the financial mainstream.

EAST PALO ALTO, Calif. - Ten credit unions and credit union organizations have collaborated to help Community Trust CU of Modesto open a branch in this mostly Hispanic, low-income neighborhood.

At press time, the number of co-sponsors on the CURIA bill. 218 are needed to have a majority. (c) 2008 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com

CHEYENNE, Wyo. - A $35-million credit union here raises the red flag on identity theft with the help of a new monitoring technology–scanning more than 1,000 public databases and alerting the member and the CU to suspicious activity.

SCCU Debit Card Features Surfer

WHAT:

IRVINE, Calif. - Growth is the wrong goal for credit unions.

SACRAMENTO, Calif. - A representative of the California Credit Union League addressed members of the California Senate Banking, Finance and Insurance Committee during a recent informational hearing regarding proposed revisions to Regulation Z.