Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (11/09/2009)
* LANCASTER, Pa. (11/10/09)--Two Lancaster County, Pa.-based credit unions announced Friday they will merge by Dec. 31 (Lancaster New Era/Intelligencer Journal Nov. 7 and Life is a Highway Nov. 9). The 800 members of $3.1 million asset Millersville (Pa.) FCU voted overwhelmingly to merge with Lancaster-based LANCO FCU, which has $50.5 million in assets. The Millersville office will remain open and operate as a LANCO branch, and Millersville's three employees have been offered jobs with LANCO. Local newspapers said the smaller credit union had struggled with losses for six quarters and was too small to grow. Barry Ashenfelder, LANCO FCU president/CEO, told the publications the merger will bring Millersville members products and services such as certificates of deposit, money market savings accounts, individual retirement accounts, business loans, business checking accounts, 24-hour telephone banking and three ATMs … * DUBUQUE, Iowa (11/10/09)--A 13-year-old who found a pellet gun picked the wrong place to stop and examine it--outside the Cedar Rapids branch of Dubuque, Iowa-based Dupaco Community CU. Someone thought Darian Gossett was going to rob the credit union and called police. Officers stopped Gossett a few blocks away and determined the teen had never entered the credit union and did not use the pellet gun to threaten anyone. One officer called the 12:50 p.m. Friday incident a "brain fade." Gossett will face a misdemeanor charge for carrying the pellet gun and having tobacco in his possession. He was released to his mother's custody. Cedar Rapids in May passed an ordinance making it illegal to carry a loaded pellet gun, air gun or BB gun in public (Cedar Rapids Gazette Nov. 7) … * MISSOULA, Mont (11/10/09)--Peter M. Thompson, 24, of Missoula, Mont., was sentenced Friday in a federal court to more than 11 years in a federal prison for robbing the Missoula FCU Jan. 12. Peter M. Thompson pleaded guilty in July to robbery and possessing a firearm during a crime of violence. Court records indicated he entered the credit union with a rifle, fired a shot and told everyone to get down. As he fled with $11,000, he bid those in the credit union a nice day. A deputy pursued him and Thompson's truck left the road. Thompson allegedly fired a shot, and the deputy returned fire, shooting Thompson in the face (Associated Press Newswires and Great Falls Tribune Nov. 6) …


RSS print
News Now LiveWire
FHFA today announced it's extending comment deadline for guarantee fees Fannie, Freddie charge lenders to Sept. 8.
11 hours ago
The 2014 @CUwomen Forum was held in Gold Coast, Australia yesterday during @WOCCU 's World CU Conference.
14 hours ago
.@CFPB obtains $92M in debt relief from Colfax Capital Corp. http://t.co/QPZAeCAcy2 See also: http://t.co/Kjf4HHkINW
15 hours ago
Julian Castro was sworn in as 16th secretary of @HUDgov Dept. of Housing and Urban Development Mon.
15 hours ago
.@CUNA's Chief Economist @SchenkMike talks consumer confidence--at highest levels since 2007 w/ @TheStreet @JoeDeaux http://t.co/JyoYQmhAxc
15 hours ago