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SAN BERNARDINO, Calif.-One expense line Arrowhead will be saving while under compensation appears to be board compensation. Government documents show Arrowhead paid its board members, which state-chartered CUs are permitted to do in California.

BALTIMORE – Municipal Employees CU, which paid its members $3.6 million last year in a semi-annual dividend, paid its members $2.1 million last week as part of planned $4.2 million payout for 2010.

SAN BERNARDINO, Calif.-In an unusual move, NCUA after seizing Arrowhead Central CU last week, put the top managers at the one-time $1.1-billion CU on paid administrative leave, even as the federal agency was dismissing the board and supervisory committee.

RANCHO CUCAMONGA, Calif.-NCUA's decision to place Arrowhead Credit Union into conservatorship was met with criticism from several people last week, including interim California/Nevada league President Dave Chatfield.

NEW YORK-Saying it was responding to the "extreme stress in the credit union community on the one hand, and the growing opportunities to access federal resources on the other," the National Federation of Community Development Credit Unions (Federation) is expanding its consulting and technical assistance services.

ST. GEORGE, Utah. – NCUA last night liquidated another credit union failure, the one-time $175 million Southwest Community FCU here, and assigned it to Chartway FCU, the Virginia Beach-based credit union giant that has been expanding its footprint across the country.

KEY WEST, Fla. – NCUA said today that ailing Keys FCU, the one-time $210 million credit union that has been operating under federal conservatorship since last September, is back on the market after a proposed deal to merge it into Miami’s Dade County FCU fell apart.

KINGSTON, N.Y.-Though he doesn't like it, Bill Spearman, president/CEO of Mid-Hudson Valley FCU here, is confident that his $2.5-billion institution will be able to pay the NCUA assessment without incident.

WINSTON-SALEM, N.C.-NCUA's $1 billion assessment to shore up the corporate credit union system shouldn't hurt the bottom line at Truliant FCU here.

WEST PALM BEACH, Fla.-Credit union CEOs and CFOs were prepared for the latest special assessment being levied by NCUA, but many are urging others to be prepared to pay similar assessments for years to come.

ALEXANDRIA, Va.-Increasing numbers of credit unions are choosing to cope with NCUA's assessments by pushing down their asset size, instead of growing, in order to maintain their critical net worth ratios.

SAN BERNARDINO, Calif. – NCUA this evening put into conservatorship troubled Arrowhead Central CU, the one-time $1.1 billion credit union which has seen its capital dwindle amid large losses the last few years.

ALEXANDRIA, Va. – NCUA reported yesterday it approved another 20 credit union mergers, 12 of the involving troubled credit unions.

WASHINGTON – The credit union lobby this afternoon rejected a proposed deal on the controversial interchange fee amendment to the bank bill, just as congressional leaders are preparing to meet tomorrow to hammer out final language on the provision.

WASHINGTON-For the first time in history, credit unions in the U.S. have reached the 10% mark in terms of share of retail consumer deposits.

FT. LAUDERDALE, Fla.-Credit unions scrambling to fill the income void being created by the CARD Act's limits on overdraft fees should look to deposit-based payment products, according to one analyst.

BEAVERTON, Ore.-As First Tech Credit Union awaits regulatory approval for its proposed merger with California-based Addison Avenue FCU, what may turn out to be its final year of operations is being marked solid numbers in a very difficult economy.

BEAVERTON, Ore. - The management teams at Addison Avenue FCU in Palo Alto, Calif., and First Tech CU here continue to move forward with plans to merge and create an institution with assets of $4.6 billion, 38 branches and 320,000 members nationwide.

GARDEN CITY PARK, N.Y. – NCUA said today it issued a supervisory order directing Sperry Associates FCU here, one of the biggest victims in the $140 million U.S. Mortgage/CU National Mortgage swindle and a major investor in loan participation pools, to boost capital and take other steps to return it to financial health.

EU CLAIRE, Wis. -- NCUA this morning cleared an agreement by Royal CU to buy 11 branches from the troubled Anchor Bank, the biggest deal of its kind to date.