Preliminary ruling says statute of limitations expired.
The unsettling headlines pile up. In Grand Rapids, Mich., a former assistant branch manager at Case Credit Union pleaded guilty to embezzling $236,000 over a span of nearly two years.
If John Worth worked at the United Nations, he might be helping delegates understand a language that is quite different from their native tongues.
The travails of small credit unions trying to adjust to new product technology, management succession or the real estate hangover were evident again last week with a spate of mergers in both Nevada and Wisconsin.
CUSC said planned addition of the $60 million North Orange County CU would bring assets to $670 million after two others approved.
Reports out of Southern California credit unions and from CUNA point to a successful Bank Transfer Day in that state.
Some Southern California credit unions are looking to benefit from the Occupy Wall Street and Bank Transfer Day movements.
"The Communicator" could easily be a code name for Teresa Freeborn, president/CEO of El Segundo, Calif.-based Xceed Financial Credit Union.
Texas online banker adds 10 more CUs to its list of credit union clients.
Southern California Postal CU of Long Beach takes over; both CUs covered by American Share Insurance.