Doug Ferraro, president/CEO of the $2.7 billion Bellco Credit Union of Greenwood Village, Colo., was elected chairman of CO-OP Financial Services.

In line with a revised NCUA rule, certain federally insured credit unions must amend their CUSO contractual agreements before the June 30 effective date.

The $1.1 billion Greylock Federal Credit Union said it is targeting both credit unions and community banks with its new technology services CUSO, Greylock Technology.

Of the nine prohibition orders issued last month by the NCUA, three were former employees of the $65 million Valley Credit Union in Tuscumbia, Ala.

Four credit unions have announced core processing conversion completions or commitments in recent days.

Mark Patchak, president/CEO of the $28.6 million Oshkosh Central Credit Union, was one of two employees suspended while the state investigates what it calls substantial irregularities at the Wisconsin credit union.

The $1.1 billion Jeanne DArc Credit Union in Lowell, Mass, hired Matthew Bernard as assistant vice president for network operations. He has more than 15 years of experience in the technology industry and was awarded two Purple Stars for wounds he received in combat while serving as an infantryman in...

The $2.4 billion Service Credit Union of Portsmouth, N.H., opened its 42nd branch. The Tilton branch is the credit union's 25th in New Hampshire and 12th in-store branch and is its first in Belknap County. It's located inside a Wal-Mart on Sherwood Drive.