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Products and Services briefs w 2 photos

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* THORNDALE, Pa. (9/3/08)--Citadel FCU’s investment services program received the CFS’ 2007 Keystone Award for Awareness at the 2008 CUSO Financial Services annual conference in San Diego. The award recognizes a program’s dedication in supporting awareness, integration and credibility. The Thorndale, Pa.-based credit union also recognized Kevin McDermott and David Layo, Citadel registered representatives affiliated with CFS with the Gold and Bronze Pacesetter status this year. The award honors the top-producing registered representatives among CFS’ 100 credit union programs. Citadel has $1.057 billion in assets ... * HARRISBURG, Pa. (9/3/08)--CU PolicyPro is available to Pennsylvania Credit Union Association (PCUA) member credit unions, the PCUA said. The program is a website service with more than 200 comprehensive policies and regulatory guidance written for credit unions by regulatory experts (Life is a Highway Aug. 26). Credit unions can customize their PolicyPro website, and provide the ability to upload existing policies and procedures to a secure website. PolicyPro also provides a monthly compliance and operational newsletter, Ops Notes, which covers current issues and regulations ... * TALLAHASSEE, Fla. (9/3/08)--Credit unions from Alabama, Tennessee, North Carolina, Florida, Georgia and Mississippi participated in a business lending conference hosted by Member Business Solutions (MBS) in Duluth, Ga. The summit featured industry experts and covered topics such as marketing to small businesses, deposit documentation, regulatory issues, Small Business Administration 504 lending tactics and products. George Reynolds, senior deputy commissioner for the Georgia Department of Banking and Finance, discussed regulatory issues. MBS is a credit union service organization owned by Southeast Corporate and Georgia Central CU, Duluth ... * DES MOINES, Iowa (9/3/08)--TMG Financial Services purchased three portfolios this summer and added a new member to its team. Credit card portfolios were purchased from EdCo Community CU, Des Moines, Iowa; Chemical CU, Clinton, Iowa, and 1st Gateway CU, Camanche, Iowa. Jay Patel also joined TMG as vice president of strategic business development. He has more than 20 years of consulting and business experience. Patel recently worked with Elan Financial Services to establish credit union credit card marketing partnerships nationwide .... * ST. LOUIS (9/3/08)--TransferOrbit Corp. announced an alliance with El Camino Transferencias, which will provide El Camino with access to the event network TU-DNRO Inc. with TransferOrbit as its exclusive money processor. El Camino has 10,000 Destination Network coverage in Mexico, including the Banco del Ahorro Nacional y Servicios Financieros SNC network. The network has 1,500 credit unions. El Camino provides payment solutions for individuals or businesses that send to or receive funds overseas. TransferOrbit is an electronic intermediary for money transfer providers ...

Class action shareholder suit against Diebold dismissed

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NORTH CANTON, Ohio (9/3/08)--A class-action shareholder lawsuit filed against ATM manufacturer Diebold was dismissed Aug. 22. On Dec. 16, 2005, five shareholder lawsuits were filed against the company and its current and former officers and directors, alleging violations of federal securities laws. The cases were consolidated into a single proceeding in the U.S. District Court for the Northern District of Ohio. A separate class action suit against Diebold, filed by participants in the company’s 401(k) plan and alleging breaches of duties under the Employee Retirement Income Security Act of 1974, remains outstanding. Diebold is headquartered in North Canton, Ohio.