Ed Roberts

DEARBORN, Mich. — DFCU Financial, the one-time Ford workers credit union, announced Tuesday morning a $23 million bonus dividend — the biggest ever by a credit union — will be paid to members at year-end.

ATLANTA — Payments processor First Data Corp. reported Tuesday morning that debt service related to its huge 2007 leveraged buyout by Kohlberg Kravis Roberts & Co. continues to leave it in the hole.

VIENNA, Va. — Navy FCU reported Monday that it added another 234,000 new members in the third quarter and 445,000 new members over the past 12 months — for a total of 4.6 million.

ST. JOSEPH, Mich. — Honor CU, fresh off its acquisition of $80 million SIR FCU and its three branches, has agreed to buy the Decatur, Mich., branch of St. Joseph-based Edgewater Bank, along with 850 customer accounts and $14 million in assets.

ST. JOSEPH, Mich. — Honor CU, fresh off its acquisition of $80 million SIR FCU and its three branches, has agreed to buy the Decatur, Mich., branch of St. Joseph-based Edgewater Bank, along with 850 customer accounts and $14 million in assets.

ALEXANDRIA, Va.—The nation's biggest credit unions continued to trim their loan-loss provisions and cost of funds in the third quarter pushing net income higher still, according to reports filed last week with NCUA.

ALEXANDRIA, Va.—A year after the wind-down of U.S. Central FCU-the industry's ultimate source of liquidity-the NCUA Board voted Thursday to require all credit unions over $250 million to contract for a federally backed source of emergency liquidity, either the Central Liquidity Facility or the Federal Reserve's Discount Window.

WASHINGTON — Rep. Michael Michaud, D-Maine, the only sitting credit union director in Congress, called for NCUA and the Consumer Financial Protection Bureau to trim regulatory burdens on the nation's credit unions.

CANTON, Ohio — A state court here rejected a bid this week by the Stark Metropolitan Housing Authority to evict the tiny credit union it chartered, clearing the way for the merger of $2 million SMHA FCU.

JOHNSTOWN, Penn. — MERHO FCU, the former Mercy Hospital employees' credit union, announced the death Wednesday evening of Clyde Mintmier.

ST. LOUIS — Police chased a St. Louis County hospital patient after he carjacked a victim then proceeded to rob a First Community CU branch Thursday afternoon.

ALEXANDRIA, Va. — A year after the wind-down of U.S. Central FCU, the industry's ultimate source of liquidity — the NCUA Board — voted this morning to require all credit unions over $250 million to contract for a federally backed source of emergency liquidity, either the Central Liquidity Facility or the Federal Reserve's Discount Window.

ALEXANDRIA, Va. — The nation's biggest credit unions continued to trim their loan-loss provisions and cost of funds in the third quarter pushing net income higher still, according to reports filed this week with NCUA.

CINCINNATI — Two Chicago men were charged with trying to steal debit card numbers and PINs Wednesday from members of Kemba CU using an ATM skimming device.

STATE COLLEGE, Penn. — SPE FCU announced the retirement of Russell Brooks, chief executive officer of the $78 million credit union for 10 years, effective Oct. 31.

GOSHEN, Ind. — Interra CU, which fired its long-time CEO last spring amid boardroom intrigue, announced Wednesday that Amy Sink, chief financial officer at nearby Teachers CU, was named president and CEO of the $670 million institution, one of the biggest privately insured CUs in the nation.

ALEXANDRIA, Va. — NCUA said it approved another 18 mergers, more than half of them eliminating a credit union with repeated losses or lack of growth.

MIDLAND, Texas — A former Odessa auto dealer pleaded guilty Tuesday to an 18-month long scheme that defrauded My Community FCU of $3.9 million.

WASHINGTON — NCUA and the banking regulators said Tuesday lenders that decide to only offer so-called Qualified Mortgages under new lending rules will not run afoul of the anti-discriminatory provisions of the Equal Credit Opportunity Act and its implementing regulation, known as Reg B.

ALEXANDRIA, Va. — NCUA said it will begin rating corporate credit unions, as it does natural person credit unions, using the CAMEL code starting Jan. 1.