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PHILADELPHIA - More than 200 credit unions, banks and individual investors impacted by a Ponzi scheme through the defunct Bentley Financial Services are scheduled to receive another $18 million. In 2001, the SEC filed a complaint against Robert L. Bentley, Bentley Financial Services and Entrust Group alleging that the defendants...

NORTHVILLE TOWNSHIP, Mich. - CU Village and MeridianLink are now jointly offering a Web-based system to allow credit union members to apply online for loans and find out within 30 seconds whether they have been approved or forwarded for review. The product is called LoanDecision+ and also stores information that...

SILVER SPRING, Md. - Mid-Atlantic Federal Credit Union has kicked off the opening of its fourth full-service branch with a grand opening celebration that included popcorn and hotdog stands, cookies, and other refreshments. In addition every half hour there was a drawing for various prizes, including $25 gift cards to...

SALT LAKE CITY - Succession planning, long a persistent problem at small credit unions across the U.S., became a topic for media coverage in Utah this month following complaints that a $10 million Salt Lake CU erred in hiring a CEO lacking bank or CU experience. The Newspaper Employees CU,...

SANTA ROSA, Calif. - Members on hold when they call Redwood Credit Union now hear a message declaring "Thanks a Billion." It's part of a yearlong celebration RCU has launched to mark its entry into the Billionaires Club earlier this year. President/CEO Brett Martinez stresses the milestone "would not have...

SAN ANTONIO, Texas - When Digital Defense was founded in 1999, credit unions' concern about protecting their systems was nowhere near what it was today and Digital Defense's business was a fraction of what it is today - things sure change fast. Most credit unions now realize that any compromise...

Security Service Federal Credit Union, San Antonio has elected Grover E. Jackson board director. Jackson fills a vacant director position left open by the late Gwen Sweeney. In addtion, SSFCU has named Eileen Killen Southwest Military Service Center Manager. EDS Credit Union, Plano, Texas, has named Sharon Schierling marketing/communications coordinator....

DALLAS - CUNA Chairman Richard Ensweiler has expressed regret that "an opportunity for testing may be lost" in the apparent collapse of a planned consolidation of the two Dakota Leagues. "There's always pride and history when you put together two organizations and it does represent a challenge," declared Ensweiler, president...