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MIRAMAR, Fla. – A team from NCUA and as many as 10 senior managers from Space Coast CU were speeding here over the weekend to try to save Eastern Financial Florida CU, the state’s third-largest credit union that was taken over on Friday.

MIRAMAR, Fla. – NCUA said this afternoon it has assumed control of Eastern Financial Florida CU, the once high-flying airlines credit union that lost $114 million last year.

MIRAMAR, Fla. – NCUA said this afternoon it has assumed control of Eastern Financial Florida CU, the once high-flying airlines credit union that lost $114 million last year.

BLOOMINGTON, Minn. — Credit union auditors are laying out the options for how credit unions can account for their share of the corporate bailout costs and the impairment of capital in WesCorp FCU, but are leaving it up to their clients to decide how they will report the charges.

LAKE BLUFF, Ill. — Reducing capital standards to 3% reduces the number of natural-person credit unions needing assistance by 1,000, according to Mike Moebs of Moebs $ervices, who offered a preview of what the results of the Treasury's "stress test" will look like.

LANSING, Mich. — State regulators told state-chartered credit unions they will not be penalized if their net capital and earnings fall below regulatory standards solely because of costs related to NCUA's corporate credit union bailout.

LAKE BLUFF, Ill. — When the Treasury Department releases findings of its "stress test" for 19 of the nation's leading banks on May 4, one analyst is confident the numbers will not look good.

TALAHASSEE, Fla. — Personal service combined with a relentless advertising blitz are the dual engines driving Florida Rural Electric CU's success.

ALEXANDRIA, Va. — Costs associated with NCUA's corporate bailout, as well as last month's failures of U.S. Central FCU and WesCorp FCU, are wreaking havoc on the first quarter financials of credit unions, pushing many of them into the red for the first time.

TAMPA, Fla. – For Suncoast Schools FCU, coming off a $76.7 million loss for 2008, an additional charge of $30.6 million for the corporate credit union bailout was unwelcome, especially as it cut net capital for Florida’s biggest credit union to just 6.05%, barely above the so-called well-capitalized mark.

DAYTON, Ohio -- ATM maker NCR Corp. lost $15 million in the first quarter compared with a profit of $48 million in the same period of 2008, largely because of a downturn in the retail industry, the company said yesterday.

RESTON, Va. – Sallie Mae, the nation's largest student lender, narrowed its loss in the first quarter to $21 million, down from a $104 million first quarter loss last year, despite government efforts to stabilize short-term debt markets that Sallie Mae says hurt its results.

PHOENIX – Arizona FCU, continuing to struggle with large losses, is shutting two more branches, making a total of six branches closed so far this year.

TUKWILA, Wash. – The recession has officially spread to the northwest, as evidence by the increasing delinquencies for consumer loans and a $9.3 million operating loss at BECU.

MIRAMAR, Fla. – The financial condition of Eastern Financial Florida CU, the one-time high-flying airlines credit union, has continued to deteriorate in recent months, even while state regulators have slapped the credit union with a tough supervisory order.

SACRAMENTO, Calif. – The retroactive assessment of some of its share of the corporate bailout costs back to the fourth quarter of 2008 wiped out a healthy $21 million net for The Golden 1 CU and pushed the credit union into the red for last year.

ALEXANDRIA, Va. – The NCUA Board voted yesterday to extend the corporate share guarantee program to accommodate a two-year rolling expiration date on deposits and provide the option of quarterly extensions through December 2012.

SAN DIMAS, Calif. – Credit unions left staggering by their share of the corporate credit union bailout are struggling with the added injury from last month’s WesCorp FCU failure, which wiped out $2 billion of credit union capital.

ALEXANDRIA, Va. – The NCUA Board agreed today to extend the corporate share guarantee program to accommodate a two-year rolling expiration date on deposits and provide the option of quarterly extensions through December 2012. If the option to extend each quarter is fully utilized, the final guarantee would expire December 31, 2014.

WASHINGTON – The FDIC shut down two more banks Friday, raising the number of failures this year to 25, as many as in all of last year.