Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (03/07/2008)
* HARRISBURG, Pa. (3/10/08)--CLARIFICATION: An item in Friday's issue about the Pennsylvania Supreme Court hearing oral arguments last week confused two court cases. The court heard arguments Tuesday in a case that bankers filed against the Pennsylvania Department of Banking related to the department's community chartering process. It is not the same case that appeals a Nov. 13, 2006, lower court decision related to the department's granting a community charter application to Belco Community CU. In that case, the lower court ruled the banking department failed to follow procedural due process requirements related to hearings and making records available to banking groups. The appeal on that case will be heard by the Pennsylvania Supreme Court on April 16. News Now regrets the confusion … * BIDDEFORD, Maine (3/10/08)--PeoplesChoice CU's Biddeford branch was robbed at about 12:15 p.m. EST Friday. No staff or members were injured, said the credit union. The robber handed a teller a note but did not show a weapon. He left with an undisclosed amount of cash. "In our 45 years serving members, this is the first time we have experienced a robbery," said Luke Labbe, president CEO. "Because all of our procedures that are in place in case of a robbery were followed, no one was physically harmed," Labbe said. "This does, however, have an emotional impact on our staff, and their well-being remains our top priority at this time." The branch was closed the rest of the day but reopened for regular hours Saturday. The credit union is working with law enforcement agencies, Labbe said … * SAN ANTONIO (3/10/08)--San Antonio City Employees FCU is now named "generations federal credit union"--with all lowercase letters--effective today. "It was seeing how our credit union kept working with the members as their lives changed from generation to generation that gave us the inspiration for our new name, and our new tag line, 'what's next,'" said Tim Haegelin, president/CEO. The name reflects the credit union's history of serving San Antonio's city employees, who span many generations, as well as its expanded mission to serve the entire community. The $316 million asset credit union converted to a community charter in 2006 … * HARRISBURG, Pa. (3/10/08)--Credit unions and staff from the Pennsylvania Credit Union Association were among the 40 exhibitors present at a state Consumer Fair Thursday in Philadelphia in celebration of National Consumer Protection Week (Life is a Highway 3/7/08). PCUA Communications Director Diane Powell attended and promoted PCUA's Credit Union Better Choice and iBelong programs. Also attending: American Heritage FCU, Freedom CU, Philadelphia FCU and TruMark Financial CU …


RSS print
News Now LiveWire
.@TheNCUA :Low-income CUs can expand services to members, train staff,collaborate for efficiencies w/more than $1M in grants awarded 2day
6 hours ago
.@CUNA joins 11 other financial service orgs urging @SenateFloor to take up #CISA to strengthen cybersecurity information sharing
7 hours ago
.@RedwoodCU and its staff donated a combined $5,100 toward AIDS Walk San Francisco. The CU is a longtime sponsor of the event.
7 hours ago
See the latest from @CUNA's CompBlog on Customer Due Diligence. http://t.co/rzOzDUpNMT
7 hours ago
New #FinCEN proposal would strengthen, clarify due diligence obligations for financial institutions. http://t.co/2yxVUXCrYA
7 hours ago