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MARYSVILLE, Calif. – A man police say robbed as many as 16 credit unions and banks up and down the state’s Highway 101 was arrested by the California Highway Patrol Wednesday night-- but near Interstate 80, and not U.S. Highway 101.
December 13 -
PITTSBURGH, Pa. – Pittsburgh Teachers CU said yesterday it is shedding its educational identity in order to serve the whole south side of Pittsburgh, and changing its name to Riverset CU, to reflect the broader market.
December 13 -
LOUISVILLE, Ky. – Class Act FCU said it has contracted with Code Green Networks to deploy the company’s CI-750 Content Inspection solution to protect the credit union’s data.
December 13 -
TUCSON, Ariz. – Tuscon FCU said it is expanding outside the city with two new branches slated for Fry’s Marketplaces.
December 13 -
PUEBLO, Colo. – SunWest Educational CU and Starbucks will have their own separate drive-thru lanes at the credit union’s newest branch.
December 13 -
McLEAN, Va. – Both long- and short-term mortgage rates ticked upwards this week, after declining the past three weeks, according to Freddie Mac.
December 13 - Texas
HOUSTON – Investigators with the Harris County Sheriff’s office were searching yesterday for as many as three men who skimmed debit card PINs at the gas pump, then used the numbers to create counterfeit cards and siphon more than $100,000 from area ATMs.
December 13 -
BOSTON – State regulators are collecting public comments on a precedent-setting merger of Northeast Community CU into a neighboring savings bank, Haverhill Bank.
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RALEIGH, N.C. – State Employees CU has approved a low-interest loan to build subsidized apartments in Dare County, part of the credit union giant’s plans to provide low-rent housing for the state’s teachers.
December 13 -
DURHAM, N.C. – Latino Community CU won a $500,000 grant and $5 million loan today from Wachovia Bank to help finance its rapid expansion.
December 13 -
DURHAM, N.C. – Latino Community CU won a $500,000 grant and $5 million loan today from Wachovia Bank to help finance its rapid expansion.
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MONTGOMERY, Ala. – One of two men who was arrested within minutes after robbing Mutual Savings CU last May was sentenced to 30 years in prison Monday for his role in the failed hold-up.
December 12 -
NORFOLK, Va. – The former vice president of Portsmouth Post Office CU pleaded guilty Tuesday to federal charges of embezzling more than $170,000 through a series of loans that bankrupted the tiny credit union.
December 12 -
ROCHESTER, Minn. – Paul Horgen, who built a former IBM employees credit union into a credit union giant, then converted it to a mutual savings bank earlier this year, announced his retirement yesterday from Think Mutual Bank.
December 12 -
WAYCROSS, Ga. – Credit union convert Atlantic Coast Bank abandoned the second-step of its two step conversion to publicly traded bank yesterday, citing adverse market conditions for bank and thrift stocks.
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NEWPORT NEWS, Va. – Police arrested a man suspected of shooting to death a 30-year-old seaman while he tried to make a cash withdrawal from the Langley FCU ATM last spring.
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HONOLULU – Aloha Pacific FCU opened a new branch downtown, one of five branches planned in the coming months.
December 12 -
FORT WORTH, Texas – American Airlines CU John Tippets drove to the music shop in nearby Farmers Branch to surprise one of his members, 23-year-old Spencer Deaton, with a new Toyota FJ Cruiser, the grand prize of the credit union’s ‘Road to Success’ sweepstakes.
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HONOLULU – Hawaii State FCU said yesterday it paid its members a total of $2 million in bonus dividends and loan interest rebates.
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EL MONTE, Calif. – At least 15 members of Vons CU believe they had their debit card PINs stolen while buying gas at a station here, then used to withdraw cash in places like Las Vegas, Palm Springs and New York.
December 12