A former credit union manager pleaded guilty in U.S. District Court in Topeka, Kan., on June 17, admitting she embezzled $93,500 from the $1.5 million Jayhawk Federal Credit Union in Lawrence, Kan.

Des Moines, Iowa-based payments innovator Dwolla announced another payment innovation: Dwolla Direct, which lets individuals and organizations send money over the Dwolla network without registering for a full account.

Homeowners in Vermont will have access to a new state loan program that will help with the cost of repairing or replacing failed residential wastewater and drinking water systems.

The $187 million First Financial Federal Credit Union in Wall Township, N.J., hired Jennifer Spector as compliance and risk analyst. She has more than 10 years of banking experience, most recently as branch manager for First Atlantic Federal Credit Union in Eatontown, N.J.

The SBA has promised credit unions and other lenders that they can say goodbye to fax machines and mountains of paperwork.

Securian Financial Group President Christopher Hilger will become CEO on Jan. 1 upon the retirement of current Chairman/CEO Robert Senkler, the St. Paul, Minn.-based provider of insurance services to financial institutions said Friday.

Plagued by a bankruptcy and mounting, unpaid code enforcement fines, a Florida church that received a loan from Evangelical Christian Credit Union in 2008 is up for auction.

The $183 million Aspire Federal Credit Union in Clark, N.J., hired Joseph Riccardo as its first chief information officer. Riccardo's hiring follows the credit union's decision to convert to the Corelation KeyStone core processing platform next year, Aspire said. Riccardo has more than 30 years of financial and technology experience,...