The Federal Home Loan Bank system, which has emerged as a critical CU backstop, has made a pitch to NCUA that could tap the movement for tens of billions of dollars in new funds.

Bill Doubles Cap On Donations

We now have the credit union version of the grand, missed opportunity: Serving the Overserved. Enough already with poor people and all their moaning about living paycheck to paycheck; what about dealing with all the pressures of a paycheck that requires an asset manager and two Swiss banks?

It is true that policies and procedures are closely related, but while many treat these as if they always go together, they are not the same.

Dick Johnson, the former head of Western Bridge Corporate FCU, writes in to sing the praises of a successor, Phil Perkins.

NEW YORK -- Credit unions struggle to attract followers on Twitter even after being active over two years, and 1 in 5 credit unions with Twitter accounts have abandoned the social media site altogether, according to a new study of 350 Tweeting credit unions released this morning by The Financial Brand, a financial reporting company.

BATON ROUGE, La. – Members of OLOL (Our Lady of the Lake) Regional FCU voted overwhelmingly to merge the $5-million credit union into Campus FCU.

WILKES-BARRE, Penn. – Cross Valley FCU is moving its Hazle Township branch to a new location in the Laurel Mall on March 19.

TUKWILA, Wash. – BECU will celebrate the grand opening of a new Neighborhood Financial Center in Shoreline tomorrow.

NEW BRITAIN, Conn. – A one-time branch of Nutmeg State FCU has been acquired by a local congregation, which plans to use it as a church.

SAN DIEGO – A local man who favors high fashion last week pleaded guilty to nine robberies, including four at two area credit unions.

PENSACOLA, Fla. – Navy FCU, which last week announced it expects to add as many as 600 new jobs to its huge call center operations here, is expected to provide for a major expansion with the purchase of an undeveloped 240-acre parcel.

DETROIT – Communicating Arts CU is allowing members with spotty credit to refinance their auto loans for as low as 3.5% with the credit union’s Auto Bailout Loan.

FERNDALE, Mich. – Credit Union ONE has introduced the Debt Buster Mortgage, a hybrid loan that allows a borrower to lock into a fixed-rate mortgage that will allow them to receive up to 100% financing, including the opportunity to consolidate home equity loans and consumer loans and/or pull cash out for major purchases such as home improvements.

ALEXANDRIA, Va. – Credit unions are calling on NCUA to undertake major reforms to its emergency lending fund, the Central Liquidity Facility, which is endangered by the demise of its owner, U.S. Central FCU.

WEST PALM BEACH, Fla. – A federal court Friday approved an unusual settlement between IBM Southeast Employees FCU and about 150 members who lost more than $8 million when bonds they bought through the credit union’s third-party investment advisor turned out to be a Ponzi scheme.

FORT WORTH, Texas – American Airlines FCU announced this morning it has signed with Jack Henry & Associates’ Symitar to convert the $6 billion credit union core processing system to the new Episys system.

SMYRNA, Del. – Police are searching for a 17-year-old male they believe robbed the local branch of Dover FCU Tuesday.

HOUSTON – One member of Associated CU agreed to donate all the groceries she was able to collect during a three-minute shopping spree she won at a Kroger store in the Associated CU Grocery Tackle Challenge to a local food bank.

WEST PALM BEACH, Fla. – A brand-new resource to assist credit unions in growing and serving members is making its debut this week: CUllaborationNation.com.