Archive Links

Consumer Archive
CU System Archive
Market Archive
Products Archive
Washington Archive

News Now

CU System
CU System briefs (02/10/2011)
* HARRISBURG, Pa. (2/11/11)--A credit union in Leechburg, Pa., has reported suspicious inquiries by a person seeking membership. A person identifying himself as "Samir Shah" called Allegheny Metal FCU three times Monday, said the Pennsylvania Credit Union Association (PCUA) (Life is a Highway Feb. 10). The community-chartered credit union asked what his relationship is to its field of membership, and he indicated he works for Harvard Drug Group LLC, located in Michigan, and said it does business with three companies in the Leechburg area. Shah faxed a list of the businesses to the credit union, but when contacted, none had any knowledge of Shah or his company. On the third call, the credit union asked Shah why he was interested in joining the credit union. The reply: he liked the CD rates the credit union was offering. The credit union does not currently offer CDs … * EVANSVILLE, Ind. (2/11/11)--Dennis F. Burris, 55, of Evansville was indicted by a federal jury for attempting to deposit a $90,500 fraudulent U.S. Treasury check at Evansville Teachers CU in a newly opened account. If convicted, Burris faces a maximum of 25 years in prison and a $250,000 fine. An initial hearing before a U.S. magistrate judge was held Feb. 3 (courier-press.com and 14wfie.com … * MANHATTAN BEACH, Calif. (2/11/11)--Kinecta FCU has opened a Midwest Operations Center in Rosemont, Ill., as part of its expansion into wholesale mortgage lending division. The new 20,000 sq. ft. center will provide complete loan processing, underwriting and funding services as well as customer service for mortgage brokers in the Midwest. Kinecta, a $3.5 billion asset credit union based in Manhattan Beach, Calif., has operations in more than 17 states. It provides a range of fixed and adjustable home loans for purchase or refinance (PRNewswire Feb. 9) …


RSS print
News Now LiveWire
Breaking at #NewsNow: Matz to request revised RBC proposal, new comment period http://t.co/eLtYmzXRWn
16 hours ago
#NewsNow: Oct. 22 webinar will explore role of CDFI #creditunions. http://t.co/op1GV4mrYM
20 hours ago
CFPB announces $10M fine,$27.5M restitution v. Mich.-based Flagstar Bank for allegedly illegally blocking borrowers’ attempts to save homes.
20 hours ago
#NewsNow: Proposed MLA changes could restrict CU payday alternative loans. http://t.co/eKqtyMHD0P
20 hours ago
44 #creditunion professionals earn Development Educators designation #NewsNow http://t.co/GG551ofq31
21 hours ago