Credit Union Times | Accurate and Timely CU News

Ailing Bay Gulf CU Determined to Ride Out Losses

By Jim Rubenstein

Operating under a state cease and desist order to restore capital, the president/CEO of Bay Gulf CU said his CU remains "open to merger opportunities " but is determined-and has regulator backing-to ride out loan loss problems in the interim.

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Greater New Orleans FCU Launches Alerts, Mobile

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IRA Assets Surpass 401(k) Plan Holdings

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May 02, 2010

Ongoing Operations Adds CO-OP as Co-Owner

Ongoing Operations said it has added CO-OP Financial Services as the latest part-owner of the Maryland-based provider of business continuity and disaster recovery services to credit unions.

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May 02, 2010

NCUA Shutters St. Paul Croatian FCU; Makes Leadership Change in Region III

A week after placing $250 million St. Paul Croatian Federal Credit Union into conservatorship, the NCUA on Saturday announced it was liquidating the credit union.

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May 02, 2010

Durbin: Three Interchange Amendments Will Be Part of Regulatory Debate

The Senate's number two Democrat said today there will be at least three amendments to regulate interchange fees during that chamber's upcoming debate on regulatory restructuring and backers will frame them as a way to assist small businesses.

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May 02, 2010

U.S. Central Capital Note Shrinks $45.5 Million

Further deterioration in U.S. Central FCU's private label residential mortgage backed securities resulted in a $57.7 million OTTI for first quarter 2010, according to the institution's financial reports, released Friday.

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May 02, 2010

Triton In Private Hands

Triton of Delaware, an ATM manufacturer that makes its machines in the U.S., and formerly a division of the Dover Corporation, has been sold to private investors, the company has confirmed press reports.

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April 29, 2010