WASHINGTON-Credit union trade groups have again reached out to Republican presidential candidate Newt Gingrich after the former Speaker for the second time likened Freddie Mac to "other GSEs like credit unions" during a nationally televised debate.

Dollar Offering Exec Recruitment

ALEXANDRIA. Va.-The nation's biggest credit unions brushed off NCUA's $2-billion corporate credit union assessment in the third quarter and moved past the huge loan losses of the prior three years to record one of their best years ever in 2011.

Maine Family FCU, Lewiston, Maine, honored Steven Hildebrand, director of marketing and business development, and teller Dawn Jesseman, for one year of service; and Jill Gerrish, mortgage processor, for three years of service.

Financial Advisors Gain Confidence From Affluent

JUDGE SAYS NCUA NOT ON

NEWPORT NEWS, Va.-When Jean Yokum grabbed a ride with some friends in 1953 she had no idea that trip was actually taking her to a 58-year career within the credit union movement.

Some people are waiting for the next shoe to drop. The first shoe of economic woe is the mortgage mess. That's still not cleaned up and back to normal, whatever the new normal will be. Could the next shoe be the auto insurance business?

This year marks the 50th anniversary of CUES and it's come a long way since those early days. No one is surprised anymore that the "E" in CUES stands for executive; indeed, it's likely the opposite would be true. But that "E" has also come to represent something else: education.

Disaster preparedness is one of the most important elements of effective information systems management for a credit union of any size.

PORTSMOUTH, N.H. – Northeast CU contributed $7,500 to Homes for Our Troops to help support the building of specially adapted homes for severely wounded service members.

LANSING, Mich. – CASE CU employees, led by their Community Activity Team, raised $10,400 for Haven House, an East Lansing emergency shelter for one-parent and two-parent families with children.

RIVERDALE, Utah – America First CU contributed more than $19,000 through its Community Assistance Program to seven organizations that help the homeless and less fortunate.

TWIN FALLS, Idaho – Times-News Employees FCU became the latest newspaper employees’ credit union to print a final edition with a merger into $5-million Magic Valley FCU.

BURLINGAME, Calif. – A former employee of Pacific Advantage FCU who was sentenced to four years in prison for embezzling from members’ accounts at the credit union on Friday was ordered to pay $451,000 restitution as part of her sentence.

ANCHORAGE, Alaska – Credit Union 1 is partnering with ASEDA Fleet to provide auto loans for Native Alaska Tribes.

CONCORD, N.H. – Gov. John Lynch on Friday vetoed a bill that would have allowed payday loan lenders to skirt New Hampshire’s new 36% interest rate ceiling and charge more than 400% APR.

COLUMBUS, Ohio – Three local credit unions – Western CU, Powerco CU and Members First CU – plan to combine operations in a rare three-way merger to create an entity with $175 million in assets and about 25,000 members.

NEW YORK – A second credit union has sued CUNA Mutual Group over a CUMIS Insurance Society bond the credit union says should reimburse it for funds lost in a $50-million fraud at ATM replenisher Mount Vernon Money Center, one of the biggest bank robberies in history.

KATY, Texas – A group headed by the mother of Prince Fielder, a major league baseball star, announced plans to charter a credit union with an educational wealth empowerment program for pro athletes and their families.