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NORTON SHORES, Mich.–As CUToday.info reported here and here earlier, Kathryn Sue Simmerman, a former manager at Shoreline FCU, pleaded guilty to embezzling nearly $2 million over a 13-year period. Now, with sentencing set for this week, federal prosecutors are sharing some details about how she did it and what her life was like over that period.

CHARLOTTE, N.C.—Bank of America has filed 10 new cryptocurrency patent applications.

HANSCOM AFB, Mass.–Hanscom Federal Credit Union announced it will pay a special Loyalty Dividend to members representing 2% of the interest paid on most consumer loans as well as a 2% bonus on savings.

WASHINGTON—A new study by the U.S. Government Accountability Office states that the Dodd-Frank Act has had a “moderate” impact on the ability of credit unions and community banks to provide credit.

MANCHESTER, N.H.–The Boys & Girls Club of Manchester is the recipient of a $4,000 contribution from St. Mary’s Bank.

DES MOINES, Iowa—The introduction of Walmart Pay is positive for credit unions—at least for now—say payments analysts who are also cautioning that may not be the situation long term.

BROOKLYN, N.Y.–A class-action lawsuit that had been filed against Michael’s following a 2014 data breach has been dismissed by a judge.

GERMANTOWN, Penn.–The $295-million Mid-Atlantic FCU is rolling out a suite of offerings based on Rate Reset’s solutions.