News

PRINCETON, N.J. -- Heartland Payment Systems, the major card processor that announced it had been the victim of card data security breach in 2008, has tried to find the silver lining in its bad news.

APPLE VALLEY, Minn. -- Women in Aviation International, a 7,000-member group that encourages women to pursue pilots, astronauts and other aviation careers, has named Wings Financial Federal Credit Union its official financial institution.

SOUTHFIELD, Mich. - Michigan First Credit Union has won over $5 million in damages against its former insurer Credit Union Mutual Insurance Society.

BEAVERTON, Ore. -- Prior to yesterday's news from Microsoft that it would have to cut 5,000 jobs including 1,400 this week, First Tech Credit Union was alerted that the layoffs were likely coming.

PHOENIX - The $1.7 billion Arizona Federal Credit Union recorded a nearly $116 million net loss and placed $174.5 million in loan loss provisions as of December 31, 2008, resulting in an undercapitalized 4.75% ratio.

RIVERSIDE, Calif. - As bad as Altura Credit Union's year-end 2008 numbers are, President/CEO Mark Hawkins said things could be worse.