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SALT LAKE CITY – Utah First CU filed suit in federal court seeking to compel its insurer, Federal Insurance Co., to reimburse it $1.7 million for a check kiting scheme perpetrated by one if its members last year.

ORANGE, Texas – NCUA and state regulators shut down and closed Orange County Employees CU this morning, the one-time $4 million institution being the 13th credit union failure in 2010.

ALEXANDRIA, Va.-Federally insured CUs reported $1.1 billion in net income and an ROA average of 0.47% during the first quarter of 2010, according to NCUA.

ALEXANDRIA, Va. – NCUA reported this morning that the continued economic slowdown pushed lending at the nation’s credit unions down almost 5% for the first quarter, one of the worst quarters for lending on record.

WASHINGTON-Despite a slowdown in overall loan growth, credit union earnings are up in 2010 according to Callahan & Associates Q1 FirstLook data.

NEW ORLEANS-To get a sense of how balance sheet demands have changed for credit unions one need travel no further than the CFO Council's annual meeting here last week.

WEST PALM BEACH, Fla. – Credit Union Journal is now accepting nominations for its 2010 Best Practices Awards.

NEW ORLEANS-CFOs tackled a variety of issues at the CUNA CFO Council Summit.

ALEXANDRIA, Va. — NCUA had more bad news for credit unions this morning, announcing it has added eight more credit unions to its troubled list and set aside an additional $170 million to cover losses at natural person credit unions.

DALLAS-CUs must pay close attention to "funding cost control" and make sure the assumptions they place into the ALM model are accurate.

VISTA, Calif.-Bluepoint Solutions CEO Hal Tilbury sees many credit unions saving 60% to 70% on their paper and printing costs by shifting to electronic document capture and management systems. But what's most important, he said, are improvements in employee productivity.

BALTIMORE-With pending regulations putting pressure on card and overdraft revenue, Creditor Resources Inc. recommends focusing on fee income from non-core products.

CLEARWATER, Fla.-Stepping up card program marketing may not only boost portfolios and revenue, it may also attract small business relationships.

TALLAHASSEE, Fla.-Even small increases in transaction prices strengthen the bottom line.

MADISON, Wis.-Credit unions looking to boost business lending should target more than just the businesses banks are turning down-they should also snap up the experienced lenders those same banks are letting go.

MADISON, Wis.-Rethinking some assumptions about lending can go a long way toward the bottom line, according to Dave Colby. "I would not spend a lot of marketing time and effort on new vehicles because they will be hard to get, maybe some auto loan recapture, and as long as you can freshly underwrite the loan that's helping your balance sheet too," said CUNA Mutual Group's chief economist.

ATLANTA-If the credit union is not using data to support marketing decisions, it's not spending marketing dollars wisely.

RANCHO CUCAMONGA, Calif.-From scrutinizing contracts, to increasing transaction revenue, or sparking collaboration, Stan Hollen realizes that CEOs have to do all of the above-and more-to prop up the bottom line.

SCOTTSDALE, Ariz.-That operating expenses are getting scrutiny is no secret. But where that scrutiny should lie sometimes is, stresses Cornerstone Advisors Inc.

CINCINNATI-Don't overlook the bottom line impact of reviewing branch performance, reminds Michael King, VP strategic planning at DEI.