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WALL STREET-Pent-up demand for new issuance made for strong investor demand for the newly issued NCUA Guaranteed Notes (NGNs), a debt offering that is part of the agency's plan to restructure the corporate credit union system.

SAN BERNARDINO, Calif.-Gregg Stockdale, CEO of the $35-million 1st Valley CU, contends small credit unions are "alive and well."

WASHINGTON-Credit unions are reporting that the growing costs of the corporate bailout and National CU Share Insurance Fund assessments are continuing to weigh heavily on their bottom lines, wiping out large portions of net income earned in the first three quarters of the year, and even threatening the recovery of several troubled institutions.

ALEXANDRIA, Va.-When asked for insights into its policies, procedures, and programs regarding small CUs, NCUA responded to Credit Union Journal by the book.

NEW YORK-The survival of many small credit unions may rest on examiners paying greater attention to supervisory letters and NCUA instituting a "moratorium" on forced mergers.

NEW YORK-Small credit unions have always faced profitability and growth challenges. But ongoing assessments and projected new compliance requirements have many sounding more pessimistic than in quite some time.

SPOKANE, Wash. – State regulators shuttered The Union CU Friday night and assigned the assets of the one-time $14 million credit union to giants Alaska USA FCU and Numerica CU.

Small credit unions have always faced profitability and growth challenges, and today that's being exacerbated by assessments and new compliance requirements. This special CU Journal series looks at the strategies small credit unions are using to rise to the occasion.

ALEXANDRIA, Va. – NCUA continues to shop for merger mates for two prominent credit unions taken over during the past year, California’s Arrowhead Central CU and Florida’s Keys FCU, even as the financial condition of both continued to deteriorate in the third quarter.

LAS VEGAS – The dire economy here – which is fueling the most bitterly fought Senate race – continues to hold down the state’s credit unions, most of which reported losses again for the third quarter.

WASHINGTON – Credit unions are reporting that the growing costs of the corporate bailout and National CU Share Insurance Fund assessments are continuing to weigh heavily on their bottom lines, wiping out large portions of net income earned in the first three quarters of the year, and even threatening the recovery of several troubled institutions.

The financial industry's contracting "money supply" will require credit unions to make critical business decisions in the coming year.

ALEXANDRIA, Va. – NCUA reported this morning that May’s failure of St. Paul Croatian FCU was caused by fraud and will cost the National CU Share Insurance Fund as much as $170 million in losses, one of the biggest losses ever for a non-corporate credit union.

John Annaloro, president of the Washington CU League, said rules NCUA has in place for the National Credit Union Share Insurance Fund helped contribute to losses.

ANCHORAGE – Alaska USA FCU, which expanded its west coast market with deals for two California failures last year, announced this afternoon it has acquired Transportation Northwest CU, a failed Seattle credit union, which will help it expand it Washington membership.

WASHINGTON – In one of their worst weeks ever credit unions got some good news yesterday when the Treasury Department awarded 48 community development credit unions a total of $67 million in long-term loans that they can count as capital.

LAS VEGAS – Two Nevada credit union failures taken over last year by out of state credit union giants will cost NCUA and the National CU Share Insurance Fund as much as $42 million in losses, the federal regulator reported this morning.

WASHINGTON-NCUA, fresh off an announced assessment to replenish reserves for the National CU Share Insurance Fund, will give CUs new estimates for next year's charges for both the insurance fund and the corporate credit union bailout in the next few weeks.

SAN BERNARDINO, Calif.-Larry Sharp has moved on, but he still strongly disputes the reasons NCUA has cited for placing Arrowhead Credit Union into conservatorship.

ALEXANDRIA, Va.-NCUA said last week that projected losses for the National CU Share Insurance Fund surged to a record $1.2 billion at the end of August, forcing the agency to assess a 12.4 basis points, or $933 million, premium, in order to replenish the fund's diminishing reserves.