Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (06/20/2008)
* WINNIPEG (6/23/08)--Computer problems shut down service at credit unions in Manitoba Thursday, preventing members from withdrawing money from their accounts through ATMs (CJOB 68 June 20). An information technology company was servicing the Interac system when the problems began Thursday morning. Although the system was back up by Friday, Assiniboine CU was still without the service Friday and was working to solve the glitch … * CANTON, N.C. (6/23/08)--Three credit unions in North Carolina set up accounts to benefit the family of slain Highway Patrol Trooper and credit union member David S. Blanton, 24, who was murdered last week during a traffic stop. Blanton was a member of Mountain CU, and his wife, Michaela Layman Blanton, was a former employee of Champion CU. They have a newborn son. The credit unions and Raleigh-based State Employees' CU, which includes the Highway Patrol in its field of membership, have created accounts for the family. A Florida man, Edwardo Wong II, 37, has been charged with first-degree murder. Wong faces the death penalty in the slaying (Citizen-Times June 19) … * LOUISVILLE, Ky. (6/23/08)--Counterfeit cashier's checks circulating in Kentucky bear the name of Louisville-based L&N FCU, says a Federal Deposit Insurance Corp. alert. The items are circulation in relation to a secret shopping scam. L&N FCU does not issue cashier's checks, but does offer official checks. The counterfeit items bear a routing and transit number--011007092--assigned to Boston (Mass.) Safe Deposit and Trust Co. L&N FCU's official checks are issued by Moneygram Payment Systems, a Minneapolis, Minn.-based service through an account at the Boston company … * RANCHO CUCAMONGA, Calif. (6/23/08)--The Richard Myles Johnson (RMJ) Foundation has presented two community service grants totaling $22,500 to several Bay Area credit unions for financial literacy efforts. A $20,000 grant will help launch the San Francisco Chapter Financial Literacy Consortium Project--a partnership between eight credit unions and San Francisco Unified School District's School-to-Career Program, Academy of Finance. Credit unions partnering with the consortium project are: Patelco CU, Bay Media FCU, The Golden 1 CU, McKesson Employees FCU, Redwood CU, SF Fire CU and Spectum FCU. The project will establish multi-lingual, multicultural credit union financial literacy programs to reproduce Mission SF CU's Youth CU Program, a youth-operated credit union, at the district's 17 high schools. Also, Jones Methodist Church CU, San Francisco, received $2,500 to continue its Financial Boot Camp for youth in the local area. … * WARRENVILLE, Ill. (6/23/08)--Jay Petty of Carlsbad, Calif., has joined Members United Corporate FCU as a senior business consultant serving credit unions in California. Petty previously was business development consultant/member services officer with CUNA Brokerage Services, a broker/dealer subsidiary of CUNA Mutual Group. He also has served as president/CEO of Pentagon Federal Financial Services …


News Now LiveWire
A recent report from @TransUnion says consumers born 1981 or later made up 27% of total auto-loan originations in 2014, up 16% from 2009.
10 hours ago
.@CUNA says new House bill is "further evidence" of lawmakers' interest in how @TheNCUA uses its funds from CUs. See News Now Monday.
1 day ago
.@MECreditUnions announces winner of @YoungFreeME #SoundOff contest. @Sassquatch_Band will play Old Port Festival in June @PDD_Downtown
6 hours ago
House Financial Services Com. to hold March 3 hearing to receive the semi-annual report of @CFPB Director Richard Cordray.
6 hours ago
Rep. Jeff Miller (R-Fla.) re-introduced bill to ease veterans' access to loans for #smallbusiness purposes from a #creditunion (HR 1133)
8 hours ago