NEWARK, Del. – Student loan giant Sallie Mae on Wednesday reported second quarter net income of $292 million, compared with a $6 million loss for the second quarter last year, amid wild swings in the value of its financial derivatives.

POTTSTOWN, Penn. – Tri County Area FCU has joined the Federal Home Loan Bank of Pittsburgh.

MANSFIELD, Texas – Texas Trust CU launched its new mobile banking program for Apple, Android and BlackBerry smart phones.

PLYMOUTH, Minn. – TruStone Financial FCU has installed Fiserv’s Acumen core processing system.

LOPATCONG TOWNSHIP, Penn. – A teller at Baker FCU was arrested for allegedly stealing more than $73,000 from the accounts of several elderly customers over the last five years.

LAS VEGAS – One Nevada CU, the state’s largest credit union, reported net income of $590,051 for the first six months of the year, compared to a loss of $2.3 million for the first half of 2011.

ST. LOUIS – A federal appeals court on Tuesday dismissed three class action suits brought against three Missouri credit unions over their repossession of vehicles sold under the Centrix Financial subprime auto loan program, saying the three-year statute of limitations on the claims had expired by the time the suits were filed, almost six years after the fact.

LAKE JACKSON, Texas – Texas Dow Employees CU announced today that Ed Speed, who build the credit union into one of the healthiest big credit unions in the country, is retiring October 1.

SMITHFIELD, R.I. – Navigant CU announced this afternoon it merging Columbus CU, a $68 million in nearby Warren, R.I., with two branches.

LOS ANGELES – Lawyers for NCUA yesterday defended their bid to bar testimony from NCUA Board members Debbie Matz and Gigi Hyland in the civil trial of former WesCorp FCU CEO Bob Siravo by insisting the two Board members “have no direct personal factual information” about the 2009 collapse of the one-time $34 billion corporate credit union.

CLEARWATER, Fla. – Authorities say a suspect wearing a black cap has held up a Florida Central CU in nearby Trinity and three banks while brandishing a silver handgun.

MADISON, Wis. – University of Wisconsin CU said it has agreed to build a new branch at the former Brennan’s Market site, the $1-billion credit union’s 13th branch in Dane County and 22nd in Wisconsin.

WATERBURY, Conn. – Waterbury Firefighters CU said it has changed its name to FD Community FCU to reflect the community charter for the city of Waterbury and recognizing its heritage founded in the city’s fire department.

PORTSMOUTH, N.H. – Service CU said it has implemented DigitalPersona’s Pro Enterprise software and U.are.U Fingerprint Readers to secure access to applications and member information, and improve employee productivity.

ALBUQUERQUE, N.M. – The FBI is hunting for a man who robbed a New Mexico Educator’s CU branch Monday in bare feet.

ALEXANDRIA, Va. – CommonWealth One FCU has promoted Charlotte Cash, its vice president of retail sales and marketing and business development for the past 12 years, to be president and CEO of the $300-million credit union.

ATLANTA – Rick Foley, president of Delta Community CU, will retire from the $4.3-billion credit union later this year, the credit union announced yesterday.

OAKLAND, Calif. – Self-Help FCU is providing its members with financial literacy education in the teller line under a pilot program financed by the National CU Foundation.

MONTPELIER, Vt. – In a spat that could have ramifications across the country, state regulators ordered Vermont State Employees CU to stop using words such as “bank” and “banking” in its marketing, communications and advertising, telling the state’s second-largest credit union those words are reserved for banks only.

ALEXANDRIA, Va. – NCUA said this afternoon it will vote this year’s corporate credit union stabilization assessment next week, which is likely to bring the cost of the corporate resolution to the $10 billion mark.