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Calif.Nev. leagues announce partners with Canon FTSI

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ONTARIO, Calif. (10/5/10)--The California and Nevada Credit Union Leagues have announced two new strategic partnerships. The leagues have partnered with FTSI, a financial technology sales and services company, and Canon, which offers imageFORMULA check scanners and check transports for credit unions. FTSI, headquartered in Monrovia, Calif., will offer credit unions interactive educational seminars on the Bank Secrecy Act, Gramm-Leach-Bliley Act, and payment-card industry standards and regulations. The Canon partnership will give credit unions discounts on Canon imageFORMULA mico-imaging machines purchased through the leagues.

ALM First buys back WesCorp shares

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DALLAS (10/5/10)--ALM First Financial Advisors has bought back all shares previously purchased by Western Corporate FCU (WesCorp). ALM provides third-party advising services to credit unions. The move will have no impact on the company’s daily operations, ALM First said in a release. The company’s operations remained 100% in-house after the 2006 stock purchase. The company is led by its original three partners, Angela Calvert, Emily More Hollis and Thomas Manley. “We will continue to focus on our core businesses of ALM and investment advisory,” Calvert said. WesCorp, San Dimas, Calif., was recently placed into conservatorship by the National Credit Union Administration.