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LENEXA, Kan. – U.S. Central FCU said the spreading credit crisis tainted more of its asset backed securities in October, pushing unrealized losses on its vast investment portfolio up by another $1.2 billion, to a total of $7.3 billion.

ALEXANDRIA, Va.-Increasing loan losses forced credit unions to move billions of dollars of new funds to reserves in the third quarter and pushed the key profitability ratio, return-on-assets, down to just 0.12% for the quarter, the lowest in decades, NCUA reported.

PROVO, Utah-Delinquency ratios at credit unions in all regions in the country are up over one year ago, with the Southeast, the mountain states and the West Coast seeing the sharpest increases. Analysis released by CUData.com shows that for the third quarters of 2008 credit unions in a region running from Nevada to New Mexico and north to Montana and Idaho have seen an 86.2% increase in delinquencies over the same period one year earlier. Washington, Oregon and California have seen an 82.9% increase in delinquencies over the same period, followed by the Carolinas, Georgia and Florida, which have watched member delinquencies rise 79%. Five Midwestern states-Wisconsin, Illinois, Michigan, Indiana and Ohio-have enjoyed a relatively moderate 5.3% increase over the same period. Since the beginning of 2008, credit unions have charged off more than $31 million in bad loans through the first three quarters.

MUSKEGO, Wis. – Corporate Central Credit Union is paying a $600,000 Patronage Refund for 2008 to its member credit unions.

SAN FRANCISCO - Stan Hollen, CEO, CO-OP Financial Services

ALEXANDRIA, Va. - NCUA proposed a plan last week to funnel billions of dollars in low-cost funds to credit unions to help them refinance member mortgages headed for foreclosure.

DENVER – Payments processor First Data Corp. said Friday interest expense related to last year’s $27 billion takeover by Kohlberg Kravis Roberts & Co., created a $174.4 million loss for its third quarter, and a $546.7 million loss for the first nine months of the year.

SPRINGFIELD, Ill. - Six credit unions received almost $83 million in new deposits from the state Treasurer's Office under a plan to infuse as much as $1 billion into Illinois banks and credit unions.

DALLAS - With few exceptions, credit unions should be comfortable letting net income decline in the current market, according to Bill Hampel, who is urging CUs to be level headed-headed in responding to economic pressures.

WASHINGTON - In a major about-face, the Treasury Department last week announced it will not be using the $700 billion approved by Congress last month to buy distressed mortgage assets as it had planned to do all along, effectively eliminating credit unions from the government's financial bailout plans.

WASHINGTON - If Fannie Mae's third-quarter report will be most remembered for a massive, if well-telegraphed, $29- billion net loss, also noteworthy was new data showing a huge spike in its acceptance of unsecured bridge loans designed to help delinquent homeowners avoid foreclosure.

McLEAN, Va. – Secondary mortgage market giant Freddie Mac said today it posted a $25.3 billion third quarter loss and needs more government aid.

MINNEAPOLIS – Fair Isaac & Co., the maker of the ubiquitous FICO score, reported a 16% decline in net income for its fiscal fourth quarter, amid a 10% drop in fourth quarter revenues.

DECATUR, Ga. – Harland Clarke Holdings said its acquisition of Data Management earlier this year helped it overcome the continued drop-off in its leading check-printing business, enabling it to post higher third quarter earnings.

MONNETT, Mo. – Jack Henry & Associates reported yesterday that net income for its fiscal first quarter declined 4%, to $22.5 million, or 26 cents a share, as income from continuing operations fell by 5%.

PURCHASE, N.Y. – MasterCard yesterday reported a third quarter loss of $193.6 million due to a $515.6 million after-tax charge for its share of a settlement of an antitrust suit with Discover Financial.

SALT LAKE CITY – Losses are starting to spread to credit unions on otherwise healthy market, with several Utah credit unions, including the state’s second largest, Mountain America CU, reported a whopping $22.2 million loss for the third quarter.

LAS VEGAS-With many CUs across the country awash in red ink, Nevada FCU is one of the bright spots with positive ROA and net income, despite its being located in one of the hardest hit states in the nation.

LAS VEGAS-Tourists are taking "staycations" rather than flocking to this gambling mecca in their usual numbers, resulting in layoffs at casinos, hotels and restaurants here in Glitter Gulch-and those layoffs strike at the heart of WestStar CU's field of membership-gaming industry employees.

LAS VEGAS-The last time Cumorah CU experienced delinquencies and foreclosures in large numbers, terrorists had wrecked the U.S. economy by highjacking planes and flying them into buildings.