HOUSTON – Two venture capital firms, the CapStreet Group of Houston and TA Associates of Boston, will continue to hold a controlling stake in Cardtronics, after completion of the ATM operator’s initial public offering.

RESTON, Va. – A reversal of fortune will cost Albert Lord, the chairman and once-again CEO of Sallie Mae, big this Christmas, perhaps as much as $115 million.

ATLANTA – Peter Kight, the founder and CEO of CheckFree Corp. should have a very merry Christmas, bringing home as much as $225 million from the sale of the electronic payments provider to Fiserv.

PEMBINA, N.D. – A woman suspected in six credit union robberies in Canada was arrested at this border outpost as she was headed to a to the Green Bay Packers football game.

RESTON, Va. – Student loan giant Sallie Mae reported its long-time chief executive Albert Lord, who has been serving as chairman of the board since May 2005, has agreed to return to run the ailing company as CEO.

MILWAUKEE – Marshall & Ilsley reported yesterday that the recently completed spin-off of its Metavante technology unit provided a net gain of $526 million.

COLONIE, N.Y. – First New York FCU opened a full-service branch in its new corporate headquarters here yesterday, the credit union’s third new branch this year.

BASKING RIDGE, N.J. – Affinity FCU said yesterday it has installed automated check image technology at all of its teller windows.

OMAHA – NCUA returned the formerly troubled Union Pacific Streamliner FCU to its members yesterday, after running it under conservatorship for the past 22 months.

ANCHORAGE, Alaska – Members of Alaska USA FCU can now access their accounts free of charge over their cell phones and other wireless devices, the credit union giant said yesterday.

PHOENIX – SunWest FCU was ordered by the U.S. Equal Employment Opportunity Commission yesterday to pay $250,000 to two employees who said they were subjected to sexual and gender harassment by a former manager.

TULSA, Okla. – Tulsa Teachers CU has unveiled a Visa check card that will allow members to choose one of 20 schools–Tulsa State University and 19 high schools–for the brand on their debit card, and will make a donation to the chosen school each time the member makes a purchase with the card.

Mixed Bundle Deposit ATM Bows

JANUARY 2008

HIGHLANDS RANCH, Colo. - With the government stepping in proposing several bills to try to resolve the mortgage crisis (see related story, above), credit union leaders have mixed reviews about the government’s involvement and how it could affect both members and credit unions as mortgage lenders.

District Discusses Fee For In-School CU Branches

MADISON, Wis. - Clever images, elaborate passwords and maiden names aren’t enough to secure members’ accounts online. So credit unions seem to be bolstering those popular multi-factor authentication (MFA) features with stronger measures: digital certificates and biometrics.

PEORIA, Ill. - CEFCU paid its members a special dividend of $6 million.

LAS VEGAS - Like at least one other company that spoke with Credit Union Journal during BAI’s Retail Delivery Show here, Open Solutions’ Gary Daniel sees the desire to expand business services as increasingly driving credit union decisions.

SAN DIEGO - Cost efficiencies may be the most often cited reason for outsourcing, but there is another critical, emerging driver for the trend: risk management.