Cultivating a corporate culture of engaged employees results in great benefits to your credit union.

Maybe they were just mad they didn't get a mint.

Many credit unions have implemented various document imaging systems over the past few years to stave off the increasing costs of paper-retention and improve member service. In doing so, however, many of these same CUs may unwittingly be putting themselves at risk due to inadequate document-retention policies and lack of a formal business continuity process.

KNOXVILLE, Tenn. – Authorities last weekend were searching for an elderly man they believe robbed Members First FCU and at least three other institutions in recent weeks.

NASHVILLE, Tenn. – Police are looking for a team of thieves who used a backhoe to rip an Old Hickory CU ATM out of a wall late Saturday night.

ITTA BENNA, Miss. – HOPE Community CU opened a branch here last week and introduced a new business micro loan for local entrepreneurs.

MARION, Ind. – Marion School Employees CU said it will award grants to teachers from its annual SHOPA Kids In Need Foundation.

COVINA, Calif. – Converted credit union Kaiser Federal bank Friday said it plans to raise as much as $270 million with a stock offering, the second step of a so-called two-step conversion from a mutual savings bank.

WINSTON-SALEM, N.C. – Three area credit unions last week signed a marketing and information-sharing deal with officials from Mexico’s third-largest credit union, Caja Morelia, during a visit here.

SALT LAKE CITY – One of two men who headed a major identity theft ring that involved more than 25,000 credit union and bank checks and hundreds of victims last week was sentenced to more than five years in prison.

MOLINE, Ill. – IH Mississippi Valley CU, the state’s sixth-largest credit union, on Saturday held an open house in nearby Galesburg to celebrate its acquisition of Midwest Community CU.

ANN ARBOR, Mich. – NCUA is expected to move over the next few weeks to either sell or liquidate Huron River Area CU, one of three credit unions buried under by loans in two south Florida real estate developments.

CONCORD, Calif. – NCUA on Friday said it has taken over another credit union that has failed because of its mortgage lending, Cal State 9 CU.

McLEAN, Va. – Rates on long-term mortgages fell to the lowest level in five months as evidence mounted that the economy is slowing down, according to Freddie Mac.

ANN ARBOR, Mich. – A former branch manager for Huron River Area CU was sentenced to eight months behind bars and ordered to pay restitution for stealing almost $205,000 from the troubled credit union.

PHOENIX – Arizona State CU has purchased a 131,740 square-foot office building here for $27 million.

DENVER – Public Service CU is the first credit union to implement Southeast Corporate FCU’s Virtual Deposit Teller Capture product.

KANSAS CITY, Mo. – Credit union giant CommunityAmerica CU yesterday said it finished its acquisition of Midwest United CU, the $175 million Blue Springs, Mo.-based institution, and one of several big credit union mergers in the works.

NEW ALBANY, Ind. – In one of the first known cases of its kind, a former teller yesterday was charged with stealing $7 million from Obelisk FCU, causing the failure of the $56 million credit union.

AUSTIN, Texas – Pay to credit union directors still is rare in the Lone Star State, one of the few states that allow credit union boards to be paid.