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GLEN FALLS, N.Y.–The former CEO of Parks Heritage FCU has been sentenced to 30 days in jail and five years’ probation after being found guilty to stealing more than $8,000 from the credit union. He must also pay restitution of $8,070.

FENTON, Mo.–In the months before he was arrested, the former CU CFO here who allegedly embezzled as much as $20 million used those funds to significantly overpay for a number of properties.

WASHINGTON—NAFCU will be watching this week’s Senate hearing on the U.S. Postal Service to see if any implications for financial institutions arise.

OGDEN, Utah–Completing 2015 with a final Greater Good project, America First Credit Uion’s Operation Services Division rallied together to bring a smile to the faces of children at Primary Children’s Hospital with the donation of coloring books and crayons/colored pencils.

ALEXANDRIA, Va.–NCUA Board Member Mark McWatters is calling for additional steps to address what he said are “deficiencies” in NCUA’s examinations appeals process.

WARSAW, Poland–The bankruptcy of a third credit union in this country in the last two years is putting a strain on Poland’s banks, which share a deposit insurance fund with credit unions.

DES MOINES, Iowa–Saying they were seeking to achieve greater financial inclusion and more effectively reach diversified consumer segments, four community financial institution partners of TMG Financial Services (TMGFS) have expanded their credit card programs to include the agent-issuer’s new Secured MasterCard.

NEW YORK CITY – In a continued effort to protect member data and mitigate risk, Municipal Credit Union (MCU) announced it has received certification of full Payment Card Industry (PCI) Data Security Standard (DSS) compliance for its account management, issuing, and ATM systems. 

CHARLOTTE, N.C. –– Source Technologies, a provider of integrated solutions for managing financial transactions and other secure business processes, announced that its Self-Service BillPay kiosk software received a 100% on Veracode’s SecurityReview program, which inspects technology vendors’ software code for security flaws.

APPENZELL, Switzerland–GMC Software, a provider of customer communications management, announced the company has been named a Leader in the Gartner 2015 Magic Quadrant for Customer Communications Management.