Credit Union News

According to the latest reports, Credit Union membership and total assets have hit an all-time high. Earnings have improved, loans have increased, and deposits have grown even faster than lending, while delinquencies and charge-offs have remained constant, and member bankruptcy filings have decreased.




Top Companies: Navy Federal makes diversity an ongoing goal The Virginia-based credit union has won a slew of other awards including being named one of the 50 "best workplaces for diversity" as compiled by Fortune magazine. The Arizona Republic



Interactive bank tellers help rural banks expand service "These interactive tellers are perfect for rural communities and less populated areas," said Patrick Jury, chief executive officer of the Iowa Credit Union League. USA Today



Kinetic to open new branch at Lakeside Village The credit union recently assumed operations of three former MEA Federal Credit Union branches on Macon Road, at Bradley Park on Whitesville Road, and in Valdosta as part of a merger. WTVM 9 Columbus



Top 10 Rewards Checking Accounts to Consider Based in Meridian, Idaho, CapEd Federal Credit Union pays 2.5% on balances of up to $10,000 in its high-yield checking account. Investopedia



Kernels Home Stand Preview: June 3-9 Three lucky fans will win a 32" flat screen TV as part of First Federal Credit Union Flat Screen Thursday. OurSports Central



PNC paying $8.6 million to be ‘official’ bank of UK The contract allows the UK Federal Credit Union to keep two ATMs and branch office on campus, but it cannot have any presence on the first floor of the new student center. Lexington Herald-Leader



Berkshire County Real Estate Transactions, May 16-20 Maffuccio sold property at 14-16 Danforth Ave., Pittsfield, to Greylock Federal Credit Union, $70,000. Berkshire Eagle



Andrews Federal Receives America Saves Designation of Savings Excellence Award "We also believe educating our membership serves to empower them to start and maintain smart saving habits." America Saves Week is an annual opportunity for credit unions to encourage individuals to save money – with an emphasis on reaching low- to moderate-income families. PRWeb



Banks awarding 'lottery prizes' for savings accounts Communicating Arts Credit Union in Detroit, Michigan, was among the first credit unions to be involved in the Save to Win pilot. CNN Money


Top 10 Checking Accounts for Seniors (JPM, WFC) Seniors can become members of the credit union by donating $5 to the ALS Foundation. Investopedia


UPDATED BREAKING NEWS: Michael LaJoice charged with bank fraud in federal court These fictitious investments were provided to auditors and state examiners conducting yearly financial audits of CBCCU to show that the credit union’s books were balanced and to avoid detection of the missing funds. Tri-County Times


Sale pending on LaJoice properties LaJoice, 37, of Tyrone Township turned himself in to the Oakland County Jail in January, admitting to embezzling $20 million from the Clarkston Brandon Community Credit Union (CBCCU) in Oakland County that he had worked at for 12 years. Tri-County Times


North Carolina

Allegacy, YMCA form partnership to promote health, savings For example, in May of 2015 the credit union was named a platinum-level Fit-Friendly worksite by the American Heart Association. Winston-Salem Journal


New Jersey

GrooveCar Expands Partnership with Affinity Federal Credit Union With $2.3 billion in assets, serving over 136,000 members and 5,100 businesses, organizations and clubs, Affinity is one of the nation’s largest credit unions and is the largest credit union headquartered in the state of New Jersey. PRWeb


New York

PSFCU Awards $350,000 in Scholarships to 311 Students Throughout New York, New Jersey and Illinois The program was partially administered by the Credit Union Association of New York – CUANY. GlobeNewswire


CAP COM Federal Credit Union Chooses Vantiv to Grow and Protect Its Diverse Payment Offerings CAP COM Federal Credit Union is also a member-owned financial institution. Payment Week



2 charged in 3 East Tennessee bank robbery, extortion plots He said they obtained no money from bank robberies at Y-12 Federal Credit Union or Northeast Community Credit Union. WATE



RMR Oval Racing Series heats up like the summertime weather MDT WEST VALLEY CITY - Oval racing will return to Rocky Mountain Raceways Saturday, and the American First Credit Union Super Oval will heat up just like the weather. Deseret News



Brian Urie Receives Chartered Retirement Plan Specialist(R) Designation These products are not obligations of Mountain America Credit Union and are not endorsed, recommended or guaranteed by Mountain America Credit Union or any government agency. Marketwire



Ex-Bank Manager Pleads Guilty to Embezzling More Than $1 Million to Help Fund Shopping Addiction According to filings from federal prosecutors, Jennings served in a "position of trust" at the credit union, managing its accounting and reporting to its board of directors. NBC Washington 4


J.E.B. Stuart HS Senior Layla Fawaz Named Apple Scholar In addition to the honor, Fawaz received a $5,000 scholarship from Apple Federal Credit Union. Falls Church News-Press



Police release details of arrest of Altra robbery suspect Saturday, a white male went into the Altra Federal Credit Union branch inside Festival Foods at 30 Copeland Avenue. WXOW 19 La Crosse


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