Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
Paychecks for city employees delayed--except at CU
LEWISTON, Maine (8/12/11)--Paychecks for employees of Lewiston, which is Maine's second largest city, were delayed because of a computer problem earlier this week. However, employees using an area credit union got their paychecks on time. A computer glitch affected 444 employees whose paychecks were supposed to be direct deposited into their accounts at their financial institutions by midnight Tuesday (Associated Press via Kennebec Journal Aug. 11). However, only employees who are members of the Lewiston Municipal CU, an $18 million asset credit union that serves primarily federal, state and local government employees, received their checks on time. The computer glitch was repaired by 10 a.m. Wednesday. Employees with accounts at large banks received their pay by 11 a.m. but smaller banks and other credit unions took longer. The city has a payroll of $244,000.


RSS print
News Now LiveWire
.@CUNA's Bill Hampel moderates a discussion on the future of credit unions in the post-100 million member world. http://t.co/kcXykiRQVn
2 hours ago
#Breaking: QE likely to end next month, @federalreserve says #NewsNow #Market http://t.co/u7Fb5l5fwM
2 hours ago
.@Experian study confirms that building a credit history is beneficial to financial marginalized communities. 64M are "credit invisibles"
2 hours ago
Reps. Sherman, Woodall and Heck speak about why they support CU tax status at The Hill forum. http://t.co/fMgBRCJoML
2 hours ago
FOMC: QE likely to end next month #NewsNow #Market http://t.co/akBwP1Dq13
3 hours ago