U.S. Consumer Sentiment Tops Estimates on Jobs & Income

U.S. consumer sentiment exceeded analyst estimates in January as the outlook for jobs and household income improved, University of Michigan survey data showed Friday. Highlights of Michigan Sentiment (January, final) Sentiment index inched down to 95.7 (est. 95) from...

Federal Judge Sentences Former CEO to Prison for Fraud

After more than a year of delays, a federal judge on Wednesday sentenced former Valor Federal Credit Union President/CEO Sean Jelen to more than five years and eight months in federal prison for bank fraud and attempted bank fraud. Before the 35-year-old Jelen of...

Has Sexual Harassment Mania Gone Too Far?

People just can’t seem to stop talking about sexual harassment. And all this talk doesn’t seem to be helping to reduce the number of reported incidents. Each news story about the latest man to be accused of sexual misconduct against a woman in the...

NCUA Bans Four Former Credit Union Employees

Four former credit union employees, including a manager and a long-time teller and administrative assistant were banned Wednesday by the NCUA from participating in the affairs of any federally insured financial institution. Catherine Linton, former manager of the $4.1...

Michigan CU Bank Purchase Called Off

The $852 million Honor Credit Union of Berrien Springs, Mich. will not buy the $53.3 million Citizens State Bank of Ontonagon, Mich. “Citizens State Bank of Ontonagon and Honor Credit Union have mutually decided to continue serving their respective customers and...