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WASHINGTON-A six-year-old credit union that is the nation's first internet-only credit union asked a federal court here last week to stop NCUA from liquidating the institution, as assessments for the corporate bailout and several disputed charges erased all of its capital.

ROCKVILLE, Md.-Although it has been one of the fastest-growing start-up credit unions in history, REALTORS FCU has been forced to retool some strategies and make cuts to operational expenses with mid-year numbers showing it remains in the red.

RALEIGH, N.C. – Coastal FCU is rolling back the fees it charges members for over-drafting their accounts all the way to one cent–just as the new law requiring opt-in for all members is scheduled to take effect Sunday.

ALEXANDRIA, Va. – A federal court tomorrow will hear a plea by Kappa Alpha Psi FCU, the nation’s first online-only credit union, to block an August 3 liquidation order by NCUA.

SACRAMENTO, Calif.-Although there are positive stirrings in the economy, management at The Golden 1 CU is continuing to plot a conservative course through the icebergs-as evidenced by the dramatic funding of its Allowance For Loan Losses.

MADISON, Wis.-Loan balances, membership and credit quality all saw a boost in June but are flat or down compared to a year ago.

MADISON, Wis.-Base pay increases for credit unions employees are expected to remain below 3% through 2011, according to a report released by CUNA last week.

LOS ANGELES-CUs throughout the Golden State are reporting improved mid-year financials, even as NCUA's latest assessment for the corporate bailout weighs them down.

LAS VEGAS – In another sign of a potential turning of the economy, credit unions throughout Nevada, one of the worst-hit states in the recession, are starting to report better financials.

FRANKLIN, Tenn. – NCUA made public today a rare supervisory agreement with Veritas FCU, a one-time $50 million credit union that has been losing money and “may be in serious jeopardy”.

ADDISON, Texas – Kappa Alpha PSI FCU, a six-year-old fraternity-based credit union that never reached $1 million in assets, was closed down by NCUA this afternoon, the 20th credit union failure of the year and the second already this week.

LENEXA, Kan. – U.S. Central FCU reported this afternoon that growing losses on its portfolio of private-label mortgage-backed securities created a $39.4 million loss for its second quarter, and an $84.8 million loss for the first half of the year.

EL MONTE, Calif. – Vons Employees FCU, which serves workers at the supermarket chain, announced this morning it has agreed to acquire Certified FCU, the failed one-time $52 million credit union chartered to serve employees of the California Grocers Cooperative.

DALLAS-One topic making the agenda at strategic planning sessions among CUs in the Southwestern U.S. has been looking to alternatives to corporate CUs for various services.

TALLAHASSEE, Fla.-According to Dan Clark, strategic planning is visionary, while long-range planning is more short-sighted, addressing challenges faced in the coming years. Credit unions tend to do more of the latter, he said.

RANCHO CUCAMONGA, Calif.-Figuring out how to make money in a "post-Durbin environment" and demonstrating they remain "vibrant" should be at the top of most credit union's strategic planning lists, according to CO-OP Financial Services.

TALLAHASSEE, Fla.-Nothing is likely higher on CUs' strategic planning lists than financial reform. Unfortunately, upcoming planning sessions may arrive too soon to effectively address the matter, according to one person.

MADISON, Wis.-Uncertainties about the future has led some credit union planning sessions to result in no plan at all, observed Fred Johnson.

WASHINGTON-A huge, long-term planning issue facing credit unions is how to make up for a lack of strong loan demand over the next 15 years.

CINCINNATI-When it comes to planning for facilities, DEI says more credit unions are looking out well beyond 10 years.