SAN JOSE, Calif. – A man believed to have robbed as many as five area financial institutions, including Meriwest CU last Thursday, was captured by police.

HEMPSTEAD, N.Y. – Three suspects on Friday were charged with trying to pass as much as $10,000 in counterfeit checks at Nassau Educators FCU and Teachers FCU.

DURHAM, N.C. – Generations Community CU on Friday announced it has named Linwood Bowen, director of business affairs at the local Mount Zion Baptist Church, as its new president and CEO.

FORT WAYNE, Ind. – MidWest America FCU has introduced a high-interest free checking account that offers ATM fee refunds.

NEWPORT NEWS, Va. – Three suspects, including the wife of the victim, on Friday were charged by a federal grand jury with murder in last April’s slaying of a Navy officer while he was withdrawing cash at a Langley FCU ATM.

LANSING, Mich. – Ken Ross, a former executive with the Michigan CU League who has been serving as interim state regulator, on Friday was named permanent commissioner of the state’s Office of Financial and Insurance Services.

SALT LAKE CITY – Representatives for credit unions last week reached a deal with banks on compromise legislation that would ease restrictions on member business loans for state chartered credit unions.

WASHINGTON – Ten years ago today, the U.S. Supreme Court put the nation’s credit unions in jeopardy when it threw out a 16-year-old NCUA regulation allowing credit unions to serve multiple common bonds–instead of the single common bond mandated under the Federal CU Act.

MEMPHIS, Tenn. – Hope Community CU said it has bought a downtown bank branch here where it plans to build its first Memphis branch.

ALEXANDRIA, Va. – To paraphrase author Mark Twain, news of the death of the credit union branch was premature.

SAN JOSE, Calif. – A husky man believed to have robbed as many as five area banks in the last six weeks is believed to have hit the Meriwest CU branch here yesterday morning.

CHANTILLY, Va. – Online Resources Corp., a provider of Internet services for credit unions and banks, said a 30% surge in fourth quarter revenue helped it break into the black for the period to the tune of $600,000, or two cents a share.

WALTHAM, Mass. – Wolters Kluwer Financial Services announced the release of the company's Wiz Sentri: Anti-Fraud Platform with Internal Fraud module, which will help an institution to identify and track internal fraudulent trends and behavior in real-time.

ORLANDO, Fla. – Fairwinds CU, which is embarking on one of the biggest branch expansions in recent years, yesterday said it opened a new service center in nearby Oviedo, the third new branch opened by the $1.7 billion credit union so far this year.

ENGLEWOOD, Colo. – Dynamic Card Solutions, provider of the CardWizard instant card issuance device, said it has upgraded its software that allows credit unions and banks to issue contactless cards.

FORT WORTH, Texas – American Airlines FCU said it signed with ForeSee Results to measure member satisfaction with its website, aacreditunion.org.

DALLAS – The Credit Union of Texas yesterday said it sold its $44 million credit card portfolio to FIA Card Services, the Bank of America unit formerly known as MBNA. The portfolio contains nearly 19,000 accounts.

WASHINGTON – A bill being drafted in Congress would force credit card networks to negotiate new interchange rates with merchants.

McLEAN, Va. – Fixed-rate mortgage rose significantly this week–for the second week in a row–after falling to four-year lows last month, according to Freddie Mac.

SALT LAKE CITY – Former NCUA board member Robert Swan, who sued the president in an attempt to remain in office, has died.