SALT LAKE CITY – Mountain America CU donated holiday gift baskets each day last week to five local families in need.

SITKA, Alaska – The former chief financial officer at ALPS FCU was sentenced Friday to two years in prison for stealing more than $187,000 from the credit union.

LOWELL, Mass. – M/A-COM FCU said it promoted Carla Waldo, its vice president of operations, to be the president and CEO of the $15 million credit union.

FITCHBURG, Mass. – Workers’ CU on Friday named Douglas Petersen interim president and CEO, replacing the well-known Frederick Healey, who served as president the past 15 years of the $780 million credit union.

TUMWATER, Wash. – O Bee CU’s longtime president and CEO, Bruce Cramer, is retiring at the end of the month, ending a nearly 25-year relationship with the $130 million credit union.

WASHINGTON – Regulators shuttered another six banks in four states, including three more in Georgia, in Friday, making 157 failures so far in 2010.

WASHINGTON – In the latest congressional assault on card fees, a group of Senate Democrats introduced legislation Friday that would limit the types of fees that could be charged on prepaid cards.

YUMA, Ariz. – NCUA brought in Thomas Martin, a long-time credit union executive, to manage AEA FCU, the one-time $410 million credit union taken over Friday evening.

ALEXANDRIA, Va. – Privately insured credit unions are threatening NCUA’s efforts to spread the costs of the corporate credit union bailout to non-federally insured members of the corporates, with one executive likening the NCUA proposal to extortion.

YUMA, Ariz. – NCUA this evening took under conservatorship troubled AEA FCU, the one-time $410 million credit union that has accrued a growing portfolio of failed member business loans.

WASHINGTON – The Senate last night passed a bill directing the Government Accountability Office to conduct a comprehensive study of NCUA’s handling of the corporate credit union meltdown, as well as the agency’s handling of the growing losses among big credit union failures.

ALEXANDRIA, Va. – CUSOs are asking NCUA to reconsider a proposed amendment to its new corporate credit union rule that would require CUSO members of corporates to pay into the corporate bailout.

RIVERWOODS, Ill. – Discover Financial Services Co. said higher transaction volume on its credit cards contributed to a 5% growth in fourth quarter net income, to $346.5 million.

PEARL RIVER, N.Y. – Palisades FCU is giving student members a chance to win up to three different scholarships by submitting just one application.

APPLETON, Wis. – Community First CU plans to donate up to $2 for every dollar--up to $10,000—donated to the Housing Partnership of the Fox Cities this month.

LIMA, Ohio – Superior FCU is giving away $35,000 to local charitable organizations to celebrate another successful year.

GRAND RAPIDS, Mich. – Xtend Inc. said it has signed two west coast credit unions to its Xtension Call Center for inbound member support calls.

TOLEDO, Ohio – Directions CU has signed with eDoc Innovations to implement the company’s CheckLogic Lite remote deposit capture program for small business members.

WASHINGTON – Mortgage rates rose again this week for the fifth week in a row, reaching their highest level since May, according to Freddie Mac.

HONOLULU – Hawaii State FCU returned $2 million to members in the form of bonus dividends and loan interest rebates.