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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.

MANATI, P.R. – NCUA said this afternoon it liquidated Industries Puerto Rico FCU here, the 25th credit union failure of the year, and assigned the assets of the one-time $7 million credit union to nearby Borinquen Community FCU.

SAN DIMAS, Calif.-WesCorp FCU has launched a new investment tool it claims will help credit unions maximize earnings potential.

DALLAS-The rock-bottom returns available to credit unions on their investments combined with members who increasingly have become savers has CUs, corporates, and investment advisors across the country experimenting with different strategies to resolve the liquidity challenge.

CHARLESTON, S.C.-Credit union CFOs admit extending investment maturity to chase yield is a consideration due to earnings pressure.

COLORADO SPRINGS, Colo.-At a time when many credit unions are resigned to riding out the low-rate investment market, there remains a very real challenge in how to price both loans and deposits in a record low environment.

WEST PALM BEACH, Fla.-Most credit unions are flush with cash right now, thanks to a confounding combination of low loan growth and rapid deposit growth. Adding to the conundrum is an investment market in which yields are lagging and returns approaching historical lows.

LOMBARD, Ill.-While CFOs told Credit Union Journal they are not going long on investments to chase yield, Raddon Financial Group fears many are, and recommends fundamental changes in how CUs do business as better alternatives to improve earnings.

SAN DIEGO – USA FCU, the one-time $710 million credit union chartered to serve the area’s Navy personnel that has been severally wounded by the region’s real estate bust, announced it has agreed to be merged into Navy FCU, one of several bidders for the ailing institution.

SAN ANSELMO, Calif.-Declining mortgage rates may be getting the attention, but rates being paid on certificates of deposit (CDs) nationally also continue to slide.

ALEXANDRIA, Va.-Loan delinquencies and charge-offs retreated a bit in the second quarter among credit unions, but member bankruptcies soared to twice that in the first quarter, weighing down profitability and posing new challenges for the movement, NCUA reported.

LAS VEGAS-In a town that prides itself on over-the-top promotion, a bland assessment of the local economy may turn out to be the best news in many months.

WASHINGTON-Costs to bail out the corporates and replenish the NCUSIF over the coming years will be below 2010 levels, and will result in assessments below what many credit unions are bracing for, according to Callahan & Associates.

CLEVELAND – In another of a growing number of disputes over participation lending, NCUA filed suit in federal court here yesterday contesting ownership of a $11 million participated loan that belonged to the year’s biggest credit union failure, St. Paul’s Croatian FCU, a one-time $250 million credit union shuttered in May.