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Global warming may indeed be the long-term trend, but don’t try selling any Al Gore videos across much of the northern United States this winter (unless you can burn them). It’s been cold and snowing and snowing and cold across much of the country’s top half, and credit unions have been doing what they can to help warm both hearts and hands, everything from collecting mittens in Iowa to special deals on loans to buy heating oil in Massachusetts.
February 18
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JACKSONVILLE, Fla. – Fidelity National Information Services, which last year was spun off from Fidelity National Title, last week said it plans to spin off its lender processing divisions over the next few months and will name it Lender Processing Services Inc.
February 17 -
ALEXANDRIA, Va. – The former president and CEO of Dorsey Laboratories FCU, Herbert Hansen, was barred from the credit union industry for stealing almost $300,000 from the Lincoln, Neb., credit union, now known as LincOne FCU, NCUA announced last week.
February 17 -
SYRACUSE, N.Y. – NPG Employees FCU celebrated its Golden Anniversary at its annual meeting and dinner dance Saturday night by recognizing fifty years of membership by its longest-standing member.
February 17 -
VALDOSTA, Ga. – Southeastern FCU on Friday broke ground on a new headquarters and branch office project that will provide the $100 million credit union with 25,000 square feet of space.
February 17 -
HONOLULU – Aloha Pacific FCU last week said it has introduced checking accounts that pay up to 5% interest.
February 17 -
WINSTON-SALEM, N.C. – Allegacy FCU last week announced the launch of a high-interest checking account with 6% interest on balances up to $25,000.
February 17 -
HILLSBORO, Ore. – Oregon First Community CU last week said it is offering members property and casualty insurance.
February 17 -
SAN ANTONIO – San Antonio FCU has increased its visibility and provided convenient access to cash at the 2008 San Antonio Stock Show & Rodeo with a mobile ATM and seven ATM kiosks.
February 17 -
SALT LAKE CITY – Beehive Credit Union is tabulating member votes on its plan to convert to a bank charter, and one of the opponents of that conversion is not optimistic the credit union will remain a credit union. Lori Christian-Chavez, one of the founders of “Protect Beehive,” a group of members who have opposed the conversion plan, told the Credit Union Journal she is expecting a close vote, but one that approves the proposed conversion.
February 17 -
OLYMPIA, Wash. – State regulators last week told Qualstar CU its plans to charge prepayment penalties in home equity lines of credit are impermissible under state law.
February 17 -
SPRINGFIELD, Mass. – The relationship between NCUA and once-prominent community development credit union D. Edward Wells FCU became so frayed at one time Carol Aranjo, president of the now-defunct CDCU, tried to have NCUA examiners legally barred from entering the credit union, witnesses testified during Aranjo’s trail on fraud and conspiracy charges last week.
February 17 - Texas
ODESSA, Texas – First Basin CU told its members today it is suspending the vote to convert the $90 million credit union to a mutual savings bank, the fourth credit union to reverse course on the controversial charter switch.
February 15 -
ODESSA, Texas – First Basin CU told its members today it is suspending the vote to convert the $90 million credit union to a mutual savings bank, the fourth credit union to reverse course on the controversial charter switch.
February 15 -
ORLANDO, Fla. -
February 15 -
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BROCKTON, Mass. - Text messaging and e-documents may be the latest, but they’re not always the greatest.
February 15 -
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JACKSONVILLE, Fla. – Back-office service provider Fidelity National Information Services yesterday reported net income for its fourth quarter rose 44% to $108.4 million, or 55 cents a share.
February 14 -
NEW YORK – M&F Worldwide, which last year acquired John H. Harland Co., yesterday said it has agreed to acquire the data management business of Pearson plc for $225 million.
February 14