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ALEXANDRIA, Va. – The nation’s credit unions reported a loss for the fourth quarter of 2008–a whopping $2 billion–the first quarterly loss ever for the industry,.

WASHINGTON – CUNA said yesterday the crashing stock markets slammed its investment portfolio last year to push the trade association deeper into the red, to the tune of $8 million.

WASHINGTON-President Barack Obama delivered a one-two punch last week with his signing of the economic stimulus package and unveiling his foreclosure prevention plan, both of which could be good news for credit unions.

ALEXANDRIA, Va.-It's been probably the worst 18-month period in credit union history, but don't expect things to get better anytime soon, that's according to Melinda Love, the new chief examiner for NCUA.

WASHINGTON-CUs' balance sheets are "much more solid than their competitors" and despite a huge jump in delinquencies and charge-offs are still on track to grow in 2009 according to Callahan's "First Look" at Q4 2008 and full-year numbers.

SAN LUIS OBISPO, Calif.-Help members when they need it, don't chase after money and love what you do-that's how one credit union is posting good numbers in a bad economy.

SAN DIMAS, Calif.– Financial Service Centers Cooperative said yesterday it will pay a $1.1-million patronage refund to credit unions participating in its shared branch network for transactions performed during 2008.

WHEELING, W.V. – NCUA on Friday liquidated $8 million Center Valley FCU, the second credit union failure of the year.

WEST ALLIS, Wis. – The proposed combination of Guardian CU and Prime Financial CU, which would have created the state’s 11th largest credit union, was called off Friday amid large losses reported by both Milwaukee-area credit unions.

PHOENIX – Arizona FCU, which reported a staggering $115.9 million loss last year, announced Friday it is closing four branches.

WAUSAU, Wis.-Marathon County Employees CU averages more than four services per member, which is the big reason it grew its assets by 11.5% in 2008 and capital by 14%.

LAKE MARY, Fla.-Times are tough, but that's all the more reason to attend Credit Union Journal's upcoming Grow Show, where a variety of proven growth strategies will be on tap.

Teresa Halleck, president and CEO

DUBLIN, Ohio-There is a small group of credit unions that won't take a direct hit from NCUA's proposed Corporate Stabilization Plan: privately insured credit unions.

WASHINGTON-State regulators are scrambling to learn more about NCUA's proposed Corporate Stabilization Plan to determine how it will impact the state-chartered CUs they regulate - and how the regulators will take that impact into consideration come examination time.

SALT LAKE CITY, Utah-Count Kris Mecham among those who support the concept of a plan to help corporates, but who also questions NCUA's current proposal.

AUSTIN, Texas-NCUA's corporate rescue may force credit unions to make some tough ALM choices this year. But one securities firm says that investing in longer-term instruments should not be one of those.

ALBANY, N.Y.-At the same time last week credit unions were keeping an eye on a bill in the House to bring relief from NCUA's billion-dollar corporate rescue plan, state leagues and their members were calling on NCUA to adjust its bailout plan to lighten the CU burden.

WASHINGTON-With more than $700 billion in bailout funds approved by Congress dedicated to saving troubled banks, lawmakers are shifting their attention to troubled homeowners in hopes of stemming an expected new rush of foreclosures.

WASHINGTON-The credit union lobby was still waiting last week for word from the Treasury Department on whether it would help out in the rescue of corporate credit unions.