Daily News

May 15, 2008
LGFCU Unveils Loan Sweepstakes
RALEIGH, N.C. — Local Government Federal Credit Union is reassuring members that now is a good time to take out a loan with a new sweepstakes promotion.
Article found in Marketing
May 15, 2008
SBA's Rural Lender Program Expands to Five States
WASHINGTON — The Small Business Administration today extended its Small/Rural Lender Advantage program to Kansas, Iowa, Nebraska and Missouri making it more accessible to credit unions and ...
May 15, 2008
Service Credit Union Goes Mobile
PORTSMOUTH, N.H. – Service Credit Union here has added MobileBanc24 Service to its menu, allowing members access to banking transactions through Internet-enabled devices such as cell phones and ...
May 14, 2008
'Real Story' Videos Highlight Wisconsin League Convention
WISCONSIN DELLS, Wis. — CUNA’s “tell your story” campaign on community outreach has taken on a new down-home flavor this month with Wisconsin credit union executives providing their ...
May 14, 2008
NCUA Closes Father Burke FCU
WASHINGTON —The National Credit Union Administration on Tuesday determined that Father Burke Federal Credit Union is insolvent and ordered it closed.
May 14, 2008
PSCU Hires Football Coach To Shed 'Norlarco' Image
FORT COLLINS, Colo. — A popular 70-year-old football coach, fired from his college job last fall after some losing seasons is the new “Norlarco” face in Fort Collins at Public Service ...
May 14, 2008
Pennsylvania Credit Unions Jump on Business Lending Bandwagon
PHILADELPHIA — Joining a handful of those here that have recently formed business lending subsidiaries, seven Pennsylvania credit unions are the latest entry with the launch of Member Business ...
Article found in CUSOs
May 14, 2008
Latino Community Credit Union Members Graduated From Financial Literacy Programs
DURHAM, N.C. — The $56 billion Latino Community Credit Union has announced graduating 40 adults from its financial literacy programs this year.
May 14, 2008
Treasury Official Takes Key Public Affairs Post at NCUA
WASHINGTON — One of the Treasury Department’s top officials responsible for dealing with Congress is taking a similar position at the National Credit Union Administration.
May 14, 2008
HFS, Sollen Ally on Mortgage Solutions
DALLAS – Sollen Technologies and Harland Financial Solutions have created an alliance to help lenders more quickly produce quality loan originations using Sollen’s pricing engine, the ...
May 14, 2008
CUNA Has Mixed Record in Recent House Races
WASHINGTON — For CUNA, the three recent special elections for U.S. House seats have only been partially special.
Article found in Legislation/Politics
May 14, 2008
Members Mortgage is the Preferred FHA Lender for Prime Alliance CUs
DALLAS – Prime Alliance Solutions, a premier provider of mortgage technology to credit unions selected CU Members Mortgage as a preferred provider for FHA loans to credit unions nationwide.
May 13, 2008
CUs Must File IRS Forms by Thursday
WASHINGTON — Credit unions have until Thursday to send in their form 990 to the Internal Revenue Service, stating that they are exempt from federal income tax.
Article found in Regulatory/Compliance
May 13, 2008
UBIT Lawsuit to Be Heard Next May
WASHINGTON — Community First Credit Union’s lawsuit over the legality of the unrelated business income tax is scheduled to be heard next May 9, U.S. District Judge William C. ...
Article found in Regulatory/Compliance
May 13, 2008
Payday Lenders Attack Thrift Report
WASHINGTON — The Community Financial Services Association of America, an association representing payday lenders, has attacked a new report on thrift.
May 13, 2008
New Thrift Commission Targets Debt
WASHINGTON — A new thrift commission has raised alarm about what it called a U.S. “culture of debt” and has issued a comprehensive report, Confronting The Culture of Debt, to address it.
Article found in Credit/Debit/ATM
May 13, 2008
Merger of Equals in Michigan Will Create Fourth Largest CU in State
BLOOMFIELD HILLS, Mich. — T&C Federal Credit Union and USA Credit Union of Auburn Hills, Mich. ...
May 13, 2008
Coalition Testifies on New York's Foreclosure Crisis
ALBANY, N.Y. – New Yorkers for Responsible Lending testified yesterday at a New York State Senate Banks Committee hearing yesterday in support of legislation offered by Governor Paterson aimed ...
May 13, 2008
First Quarter Signings Touted by IMM
LINDEN, N.J. – Seventy-two new orders were placed in the first three months of 2008 for the TotaleWorks software suite, according to Integrated Media Management.
May 13, 2008
Hyland Adds to Financial Services Manager's Duties
CLEVELAND – Hyland Software Inc. has added new duties to the manager in charge of the enterprise content management vendor’s sales efforts for credit unions and commercial banks.