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TACOMA, Wash.– MilePost CU said Friday its members have approved a merger of the troubled $57 million credit union into Sound CU, the neighboring $420 million credit union.

SACRAMENTO, Calif. – The Golden 1 CU said Friday it is acquiring U.S. First CU, a $110 million credit union that reported a $3 million loss for the first quarter.

MADISON, Wis. — World Council of Credit Unions has launched MatchSavings.org to give people an opportunity to combat global poverty by matching the savings deposits of the poor in the developing world.

MADISON, Wis. — The latest American export to hit Mexico: the recession.

APPLE VALLEY, Calif. — Alaska USA FCU has assumed the operation of troubled High Desert FCU and is in the process of assessing whether it will be closing branches or laying off personnel.

SACRAMENTO, Calif. – State chartered credit unions, already battered by the poor economy, will see their state supervisory fees raises by almost 17% this year as the state seeks to close a huge budget deficit.

MEMPHIS, Tenn. – Memphis Area Teachers CU said yesterday it has eliminated five of its top management positions after a $10 million loss last year and last month’s departure of its CEO.

LOS ANGELES – The Department of Financial Institutions yesterday closed and liquidated Watts United CU, a tiny community development credit union serving the minority neighborhood of Watts.

PURCHASE, N.Y. – MasterCard said last week it will receive a discount on an antitrust settlement by making a $335 million prepayment on the $400 million remaining on the 2003 deal.

BOSTON-Credit unions in half-dozen states-particularly the so-called Sand States of California, Arizona, Nevada and Florida-may be sinking deeper and deeper, but many credit unions around the country are growing and even prospering their way through the recession.

HARRISBURG, Penn. — With the state of Pennsylvania failing to pass a budget, the largest CU in this state is assisting affected members with a 0% loan offer.

SACRAMENTO, Calif. — The Golden 1 CU is accepting IOUs from its members as the state has begun issuing Registered Warrants due to its budget crisis.

DALLAS — After hitting an all-time low, credit union CEOs have shown a sharp uptick in their views on the economy's prospects.

LITTLE FALLS, Minn. — St. Francis Campus Employees CU doesn't take for granted the impact a friendly, familiar face has on the bottom line.

SAN FRANCISCO – Visa, one of two common stock approved for broad credit union ownership, said it will raise $700 million more for its litigation escrow by buying back Class B common shares held by its credit union and bank owners.

WASHINGTON – CUNA, struggling with large losses on its investments, announced another round of lay-offs yesterday, eliminating 18 positions in its Madison, Wis., offices.

WHEELING, W.V. – The manager of defunct N&W Poca Division FCU and her two grown daughters were charged in a civil suit filed by NCUA last week with stealing as much as $5 million and bankrupting the tiny credit union last year.

BOSTON – Credit unions in a half-dozen states-particularly the so-called Sand States of California, Arizona, Nevada and Florida–may be sinking deeper and deeper, but many credit unions around the country are growing and even prospering their way through the recession, according to their volunteer directors.

BOSTON – NCUA examiners are focusing increasing resources on verifying the adequacy of loan loss reserves for credit unions, as troubles are spreading to new areas of the credit union portfolio–even as credit unions have moved billions of additional dollars into Allowance for Loan Losses over the past two years.

WASHINGTON – The FDIC Friday took over five more failed banks, making a total of 45 for 2009.