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WASHINGTON—Despite a decline in remittance costs during the last decade, a new analysis indicates that costs are climbing again because of correspondent banking challenges.

MONTGOMERY, Ala.–A former employee of IAM Community Federal Credit Union has pleaded guilty to financial institution theft, including agreeing to pay approximately $1.5 million in restitution.

WHEELING, W.V.–A lawsuit has been filed here against a credit union and a debt collector alleging they are unlawfully attempting to collect an alleged debt.

RANCHO CUCAMONGA, Calif. – The CO-OP Shared Branch network is now the second-largest network of financial institution branches in the country, having just surpassed Chase in number of branch offices, the company reported.

CLEVELAND – Hyland has announced the addition of three new members elected to its Credit Union Vertical OnBase Group of User Experts (VOGUE), which it said is committed to providing valuable feedback about the essential technology needed to solve financial services industry trends.

WASHINGTON—NAFCU has added to its slate of speakers for its Congressional Caucus Senate Banking Committee member Heidi Heitkamp (D-ND) and several Republican and Democratic members of the House Financial Services Committee

DETROIT–The sale of new vehicles, especially trucks, has hit a pothole. As CUToday.info has reported, overall vehicle sales have been declining in recent months, but truck and SUV sales have remained strong. But new data show that trend line is changing.

ABERDEEN, Wash.–A woman has been arrested here on suspicion of theft of more than $350,000 and allegedly setting a fire at the then-Grays Harbor Woodworkers Credit Union — now a branch of Great NorthWest Credit Union – in March of 2016.

WASHINGTON—NAFCU and other groups have jointly written in support of legislation coming soon from Senate Banking Committee members Tim Scott (R-SC) and Mark Warner (D-VA) to create a mechanism for consideration and review of scoring models for use by lenders selling their loans on the secondary market.

WASHINGTON—CEOs of federally insured state chartered credit unions with at least $1 billion in assets earned on average almost 13.15 times more than their average employee compensation in 2015, according to a new report.