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LAS VEGAS – Texas credit union giant EDS CU, soon to be known as InTouch CU, picked up a potentially valuable franchise with its agreement to acquire the 8,000 member accounts and four branches of Ensign FCU, one of a growing number of large out-of-state credit unions picking over the troubled credit union carcasses here.

HENDERSON, Nev. – NCUA took over failed Ensign FCU Friday night and assigned the remnants of the one-time $135 million credit union to EDS CU of Plano, Texas.

ATLANTA – S1 Corp., a provider of customer interaction financial and payment solutions, said higher revenues led it to an 11% increase in third quarter earnings, to $6.9 million.

SEATTLE – The Federal Home Loan Bank of Seattle, which reported a $93.8 million loss for the third quarter, remains "undercapitalized," a move that will prevent it from paying dividends or repurchasing capital stock, regulators said Friday.

DUBLIN, Ohio — As the number of Nevada CUs posting big losses continues to rise, attention turns to the nation's largest provider of private share insurance and its ability to absorb potentially large losses in this state and across the country.

SUMMERVILLE, S.C. — When it comes to charting an asset management strategy for 2010, CFOs and other analysts around the country say they are deploying a number of strategies for hedging their bets.

PHOENIX — It would seem that the state's two largest credit unions would share the same gloomy outlook as the region's devastated economy has pushed each deep into the red, but executives at one see the light at the end of the tunnel.

WASHINGTON – Fannie Mae and Freddie Mac, run under federal conservatorship for the past year, reported massive losses last week for their fiscal third quarters, prompting more calls for government aid.

DECATUR, Ga. – Lower debt service helped Harland Clarke Holdings report a doubling in third quarter earnings, even as revenues continued to slid for the nation’s largest check printer.

WASHINGTON – Regulators on Friday shut banks in Georgia, Michigan, Minnesota, Missouri, and California, bringing the number of bank failures this year to 120 amid the struggling economy and a cascade of defaults on loans.

MT. LAUREL, N.J. – PHH Corp., which operates the largest mortgage bank for credit unions, reported a loss yesterday of $52 million for its third quarter, despite strong production from its mortgage unit.

MINNEAPOLIS – FICO, known until recently as Fair Isaac & Co., reported a 28% decline in fiscal fourth quarter earnings yesterday, to $17.1 million, as revenues slid 13%.

PURCHASE, N.Y. – MasterCard, one of two common stocks held by credit unions, reported a $452.2 million third quarter profit yesterday, up from a $193.6 million loss in last year’s third quarter when it made a large payment on an antitrust settlement.

NORTH CANTON, Ohio – ATM maker Diebold reported a $7.2 million loss yesterday for its third quarter, as sales slid 26% for the period.

MONETT, Mo. – Jack Henry & Associates reported a 17% rise in its fiscal first quarter earnings yesterday to $26.3 million, even while revenues declined slightly.

PHOENIX – It would seem that the state’s two largest credit unions, Desert Schools FCU and Arizona FCU, would share the same gloomy outlook as the region’s devastated economy has pushed each deep into the red, Desert Schools to the tune of $49.5 million and Arizona Federal a $41.9 million loss through the first three quarters of the year.

RALEIGH, N.C. – State Employees’ CU, which has joined the fight against excessive overdraft protection fees, is introducing its own program aimed at lowering member costs for non-sufficient funds transactions.

MADISON, Wis. — Modified loans continue to default at an astounding rate with more than half of all those modified in the first two quarters of 2008 failing within 12 months of the modification according to new figures from the Office of the Comptroller of Currency.

LAS VEGAS — The failure of Cumorah CU, the third large Nevada credit union to go under in recent weeks, is the latest indicator that the most difficult economic environment in the country has moved here from southern California.

DALLAS — Asked for their forecasts, credit union economists and analysts told Credit Union Journal they see risk of deflation in the immediate term, inflation in the longer term.