Events

* Mutual Savings Credit Union, Birmingham, Ala., was a corporate sponsor for the March of Dimes' Blue Jeans for Babies Day and helped raise more than $2,500 for the charity.

PASADENA, Calif. - Rather than seek a community charter that would take it out of a niche it has served so well, Los Angeles Firemen's CU found a way to expand the niche and dig deeper into it.

SANTA ANA, Calif. - Orange County Teachers FCU is reporting it made $43 million in mortgage loans during its first year of participating in the Home Loan Payment Relief (HLPR) program aimed at getting limited-income borrowers into their first homes.

ATLANTA - John H. Harland Co. has agreed to be acquired by M&F Worldwide Corp. for $52.75 a share, or $1.7 billion. M&F Worldwide is the parent of well-known check printer Clarke American, a strategic partner for more than 3,200 credit unions and banks. The transaction follows recent acquisitions of Open Solutions Inc. and Digital Insight, two of the largest CU outsourcers. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com

PHOENIX - The largest credit union in Arizona is trying to send a message to immigrants: their money would be safer in a CU than cash stuffed in a mattress.

WALL STREET - Morgan Stanley confirmed long-whispered rumors and announced it will spin off its Discover cards division in an initial public offering some time next year, positioning the unit to better compete with MasterCard and Visa USA in the payments arena. Last year, Discover acquired Pulse EFT, which provides payments services for more than 1,200 CUs. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com

AUSTIN, Texas - AMPLIFY FCU has deployed Hyland Software's OnBase enterprise content management system to automate its business processes, improve member service and manage records retention.

Oscar Winner Keynotes CUES

Desert Schools FCU Designs Account To Help Immigrants Have A Safe Place To Keep Money Page 2

WEST PALM BEACH, Fla. - The top story affecting credit unions in 2001 is the same that affected all of the world, and continues to be felt today: the terrorist Attacks of Sept. 11.

CU: Los Angeles Firemen's CU

In one of the finest pieces of oratory ever delivered by an American, civil rights leader Martin Luther King, Jr. famously proclaimed, "I have a dream." But were Dr. King a credit union executive, he likely would have been forced to add, "And I'm prepared to wait. And wait. And wait."

KENSINGTON, Md. – Management of Lafayette FCU, fighting growing member opposition to its bid to convert to a bank, withdrew its application to NCUA to switch charters Friday. The $330 million credit union cited issued raised by its auditor, RSM McGladrey, which is reviewing questions raised by NCUA on the 90-day vote to convert. The conversion was approved by members by a razor-thin 18 votes out of 5,100 cast.

KENSINGTON, Md. – Management of Lafayette FCU, fighting growing member opposition to its bid to convert to a bank, withdrew its application to NCUA to switch charters Friday. The $330 million credit union cited issued raised by its auditor, RSM McGladrey, which is reviewing questions raised by NCUA on the 90-day vote to convert. The conversion was approved by members by a razor-thin 18 votes out of 5,100 cast.

HAWTHORNE, Nev. – The former chief operating officer at Financial Horizons CU was sentenced Wednesday to one to four years in prison for stealing more than $106,000 from the credit union. Carla Trujillo, 28, transferred the funds to her own account and other accounts over 30 months and used the funds for her own use, authorities said. Trujillo, of Hawthorne, formerly worked as president of finance and operations at the credit union.

DALLAS – The Federal Home Loan Bank of Dallas announced yesterday that two of its credit union members were awarded $280,000 in affordable housing grants.

DAYTON, Ohio – NCR Corp. said yesterday it will outsource production of its ATMs in the Americas and shuffle the manufacturing of ATMs among its overseas plants to save money, a move that will eliminate nearly 1,200 jobs. NCR has about 29,300 employees worldwide. NCR said the cuts will be made over the next nine months. ATM production in a number of locations -- including Dallas, Canada, and Sao Paulo, Brazil -- will be shifted to an outside manufacturer.NCR plans to move high-volume production of ATMs from Dundee, Scotland, to plants in Beijing, China; Budapest, Hungary; and Pondicherry, India. The announcement came just two days after NCR said it will spin-off its Teradata data storage operations from the ATM and financial kiosk manufacturing operations.

OMAHA, Neb. – A former teller supervisor at Metro CU was sentenced to five years probation, the first four on home confinement, for stealing almost $61,000 from cash drawers she was supervising. Jolyn Schmeling, 29, was found guilty of stealing the cash from tellers’ dispensers between June and September 2004. Th theft was uncovered during an internal audit and security cameras showed Schmeling accessing the cash dispensers in violation of the credit union’s policy.

SAN FRANCISCO – Better Branches, a CUSO specializing in workflow solutions, has teamed with SegmentOne, an outbound sales provider, to offer an outbound sales system designed to increase cross-selling ratios for members obtained through indirect lending channels. The system is aimed at helping credit unions convert single-service members into multiple account customers without increasing staff or training costs. The turnkey system takes a data feed from an indirect lending interface, analyzes the information, and develops credit offers that are unique to each member. Borrowers are contacted within 30 days of acquiring a loan and are cross-sold additional products and services.