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BROOKFIELD, Wis. – Back office service provider Fiserv reported yesterday that net income for its fourth quarter declined 35% to $62 million, or 39 cents a share, mainly because of a 20-cents-a-share charge for the sale of the remaining stake in its Fiserv Insurance operations.

PLANO, Texas – Southwest Corporate FCU reported yesterday it realized more losses in December, creating a $7.9 million loss for 2008.

ALEXANDRIA, Va. – Criticism was building yesterday of NCUA’s $5 billion corporate credit union rescue plan, which industry experts are predicting will wipe out all credit union profits for this year.

JAY, Me. – Otis FCU said it paid its members a 7% bonus amounting to $450,000 for 2008.

CRANBERRY TOWNSHIP, Penn. – For the seventh consecutive year, U$X FCU has paid out a "Loyalty Reward" to its members.

PASADENA, Calif.-With 2009 projected to result in another net operating loss, Wescom Credit Union is cutting 175 positions and consolidating two branches.

PEORIA, Ill.-More than 60,000 Americans were handed pink slips last Monday alone, and as layoffs pile up, credit unions are racing to their members' sides to ease the pain as much as possible.

MINNEAPOLIS – Fair Isaac & Co., the maker of the ubiquitous FICO score, said net income for its fiscal first quarter fell 40%, due mainly to an after tax restructuring charge as well as a decline in revenues.

WEST JORDAN, Utah, Cyprus CU, which reported one of the largest losses last year, announced it has promoted Todd Adamson, executive vice president, to be its new president and CEO.

SYRACUSE, N.Y. – Empower FCU said yesterday it is giving $2.5 million to members as part of its "Empower Economic Stimulus Plan."

CAPITOLA, Calif. – Bay FCU, which reported a $3.5 million loss for 2008 last week, said yesterday it has reduced its workforce by 13%, about 30 employees, the latest casualties of the state’s growing credit union crisis.

SAN DIEGO – North Island Financial CU, coming off its worst year ever with a $50.2 million loss, announced yesterday its long-time president Michael Maslak has retired.

WASHINGTON – The large-scale losses among many of the nation’s biggest credit unions are prompting some in the credit union movement to renew calls for access to outside sources of capital.

SALT LAKE CITY – Beehive CU, which announced last week it was abandoning its bid to convert to a mutual savings bank, reported the decision was preceded by a $1.8 million loss for its fourth quarter, and a $1.5 million loss for the year.

SAN FRANCISCO – Giant Patelco CU, which is in the process of absorbing two large credit union failures, is the la test credit union in this troubled market to report large losses, reporting $40.2 million of red ink for 2008.

ALEXANDRIA, Va.-If there was any doubt before, it became official last week: credit unions, like banks, are experiencing their worst crisis ever.

ORLANDO, Fla. – A story in yesterday’s Credit Union Journal Daily Briefing incorrectly stated that CFE FCU lost $3.4 million. The loss should have been attributed to CFCU (Community First CU) of Florida. CFE FCU earned net income of $2.5 million for 2008.

SHOREVIEW, Minn. – Check-printer Deluxe Corp said yesterday that net income plunged 44% in its fourth quarter to $27.9 million, mostly because of lower revenues.

BROOMFIELD, Colo. – Community Financial CU yesterday introduced a "member bonus program" that will pay members a total of $250,000 later this month.

RALEIGH, N.C. – Coastal FCU, which reported an 84% decline in net income for 2008, announced yesterday it is closing four underperforming branches by the end of the first quarter.