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RESTON, Va. – Troubled student loan giant Sallie Mae, which has been in and out of the red over the past two years, reported a second quarter loss yesterday of $123 million.

PASADENA, Calif. –Large credit unions in the Golden State continued to be battered in the second quarter by loan losses, the corporate credit union bailout and charges for their lost capital in WesCorp, according to data released by NCUA this week.

LAS VEGAS – Nevada’s credit unions continue to report big losses for the second quarter, as the state’s real estate crisis persists.

TAMPA, Fla. – Representatives of Suncoast Schools FCU yesterday disputed the assertion that low capital ratios at it and GTE FCU were part of the reason the two credit unions ended their plans for the industry’s biggest merger.

VIENNA, Va. – Navy FCU had another successful three months in the second quarter, reporting net income of $100 million–its best quarter ever–and asset growth of 3%, pushing the world’s largest credit union to $39.9 billion.

TAMPA, Fla. – Among the factors that killed the proposed combination of Suncoast Schools FCU and GTE FCU, the biggest credit union merger ever, are the effects of diminishing capital in the two troubled credit unions, sources indicate.

ALEXANDRIA, Va. – The NCUA taketh, and the NCUA giveth back: that’s the story of the second quarter financials for credit unions, many of which are reversing millions of dollars in first quarter charges for the corporate credit union bailout which they took at the direction of NCUA, and reporting the gain as operating income.

WYOMISSING, Penn. – Bellco FCU said it has agreed to merge with Berks Community FCU, an ailing credit union of similar size.

SYRACUSE, N.Y. – Fast-growing Empower FCU said Friday NCUA has approved its acquisition of Telco FCU, an undercapitalized $23 million credit union based in nearby Elmira.

PHOENIX-The economic downturn hit the Grand Canyon State hard, but credit unions here are crediting a simplified message to members and the media as the reason membership numbers continue to climb.

LIVE OAK, Texas-When times are tough in the short term, credit unions that want to succeed in the long term must go on offense and pound the pavement for business more than ever.

LAS VEGAS-It is time to get back the fundamentals of lending and finance, according to Brad Beal, president/CEO of Nevada FCU.

SOUTH AUGUSTA, S.C.-While many credit unions are citing the advantage of being conservative in the current economy, at least one CU has learned it can pull too hard on the reins.

ENDICOTT, N.Y.-A regional recession in upstate New York that lasted for nearly 15 years well-prepared Visions FCU for the current economic downturn.

MECHANICSBURG, Penn.-If there is a lesson for credit union CEOs a generation from now who may have to lead their institutions through a recession, it is that such downturns prove the value of the credit union business model.

SALT LAKE CITY — In an era of credit union consolidation in the name of "Bigger = Better," one CU is showing "Smaller = Full Service."

WEST PALM BEACH, Fla. — The severity of the current recession has tested many credit unions' management and boards. In this issue, five CEOs offer their insights on the lessons they have taken away from the current environment. To read about the lessons they've learned, please click the links below.

MADISON, Wis. – Another $6 billion of new savings flowed into credit unions in May, putting 2009 on pace for one of the best years of credit union share growth, according to CUNA.

YOUNGSTOWN, Ohio – Associated School Employees CU said it has agreed to acquire Greater Warren Community FCU, its second merger of the year.

THERMOPOLIS, Wyo. – Bank of Wyoming was closed Friday by state regulators, bringing the total number of failed banks this year to 53, the FDIC said.