The ATM has traditionally been an integral part of the credit union business model, but a new trend has come to light: Credit unions choosing to give up…

Michael A. LaJoice, a former CFO who embezzled more than $18 million from a Michigan credit union, was sentenced to seven to 20 years May 1 by an Oakland County circuit court judge.

The $640 million AltaOne Federal Credit Union in Ridgecrest, Calif., hired Gary Petersen as the new contact center manager. Petersen brings to AltaOne significant experience and expertise in areas such as operations management, customer service, planning and compliance.

Credit unions with taxi medallion loan portfolios are likely to see their losses mount.