BOWLING GREEN, Ky.–Service One Credit Union here said it has entered into an agreement with MidWest America FCU to assume ownership of branches in Scottsville and Hopkinsville, Ky., both of which are in the southern part of the state just north of Tennessee.
NEW YORK–A former Brooklyn Supreme Court judge who was found guilty of obstructing an investigation into the embezzlement of funds from a major New York credit union has been sentenced to 15 months in prison, meaning she will now join the CU’s former CEO in also serving time.
TYSONS, Va.–PenFed Credit Union is reporting robust growth numbers from the first quarter of this year.
LAS VEGAS–Rick Schmidt, president and CEO of WestStar Credit Union, has announced plans to retire on Jan. 2, 2023. A search is underway for a new leader for the $258-million credit union.
LAKE CHARLES, La.–Southwest Louisiana Credit Union said it has selected the AI-powered credit decision platform provider Scienaptic AI.
NEW YORK—Who makes the better decisions when it comes to credit cards, women or men? New research offers an answer.
WASHINGTON—The Financial Crimes Enforcement Network has assessed a $275,000 civil money penalty on A&S World Trading, Inc. for willful violations of the Bank Secrecy Act and its implementing regulations, the FTC announced.
KAHULUI, Hawaii—After having just signed on with CURevl for a student loan solution for its members, Wailuku Federal Credit Union has now expanded its relationship to offer the CUSO’s college planning resource, Colleging, to its members.
WASHINGTON—The Financial Crimes Enforcement Network (FinCEN) has imposed more than $600 million in fines for anti-money laundering violations in just the 14 months from January 2021 to March 2022).
LONDON—Cryptocurrencies are the new “front line” in criminal scams that regulators are trying to prevent, Bank of England Governor Andrew Bailey said.
