The $38 million Technicolor Federal Credit Union was closed June 30 to investigate "employees who overstepped their bounds," but CEO Eric Dosch said the investigation is internal, and the NCUA is not involved.
Stuart Perlitsh, CEO of the $333 million Glendale Area Schools Federal Credit Union, confirmed that he provided two employees to Technicolor Federal Credit Union.
Members of Texas Dow Employees Credit Union who have credit scores of more than 720 are now eligible to carry the credit union's Onyx Card, a unique card product the credit union developed to compete with so-called "elite cards."
Firming up conversion plans, the $4 billion Alaska USA Federal Credit Union said Monday it expects to complete the operational, marketing and tech makeover of the failed California-based High Desert FCU within the next 90 to 120 days.
Despite some criticisms of the SBA's new America Recovery Capital program, Dupaco Community Credit Union said it believes the loans will bring much-needed assistance to members.
A credit union member in Florida has filed a federal suit against the $750 million IBM Southeast Employees Credit Union, alleging that a former broker-dealer firm that sold her investments was "nothing more than a bucket shop rife with fraud."
