IOWA CITY, Iowa-A state court last week ordered a halt to a controversial transaction that would allow the University of Iowa Community CU to buy 20 acres of land in nearby North Liberty for $1 to build a new headquarters as part of a planned 64-acre development.

MADISON, Wis.-Credit unions need to ask themselves "Y." In this case, Generation Y, the nation's second-largest generation ever and one with tremendous lending potential.

A low-rate signature loan-in some cases 0%-helped a branch of DuPont Community CU to more than double its monthly member growth rate.

SACRAMENTO, Calif.-With loan demand and consumer spending both down, The Golden 1 is looking for alternative sources of income, including investments.

RENO, Nev.-Defaults have begun declining at Great Basin FCU, which is allowing it to enjoy "modest profitability."

A dozen former executives and directors of WesCorp FCU being sued by NCUA over the failure of the one-time $34-billion corporate credit union could be left holding the bag for millions of dollars in legal fees under a clause in their Directors and Office liability insurance.

Thomas Bonds, CEO of CorporateAmerica Credit Union, said potential liability of the former board members of WesCorp and the degree to which they will have to pay related legal expenses has become due-diligence issues for anyone considering serving on a corporate's board.

LIVONIA, Mich.-To help boost CUs' year-end auto loan volume, Invest in America has introduced a new private offer from General Motors.

TALLAHASSEE, Fla.-Credit unions in Alabama and Florida plan to introduce a $2.1-million image campaign next year that takes advantage of banks' poor consumer image.

Three CUs Join CU Centers

LAS VEGAS-Brad Beal, CEO of $693-million Nevada FCU, knows this market will pick up when the consumers visiting this vacation spot feel comfortable spending more money. The problem? "No one knows when that will happen," he said.

Michigan State University FCU, East Lansing, announced the promotion of Abbie Broughman, Jessie Kolka, and Amanda Van Ess to assistant branch managers, and Amy Coe, Casie Medina, and Christopher Tyler to contact center managers.

Workers CU, Fitchburg, Mass., named David R. Thibodeau VP of information technology, Jon Krumdick AVP of the member information center, and Darryl Richardson assistant branch manager for the CU's main office.

Bethex Wins $25K Award

After acquiring 11 branches from troubled Anchor Bank, Royal CU has seen a net increase in members (5%), deposits (4%), and loans (11%) at the new offices since they opened for CU business in June.

NORTH HIGHLANDS, Calif.-Despite continuing sluggishness in the housing market and high unemployment in greater Sacramento, SAFE CU CEO Henry Wirz is projecting black numbers in 2010.

SAFE Credit Union has been able to expand in several areas as it has fought back against the recession, according to its CEO, Henry Wirz. Here are some of the initiatives that have worked well in 2010.

SAN DIEGO-When Teresa Halleck moved from being president and CEO of $7.2-billion The Golden 1 in Sacramento, Calif., to $4.9-billion San Diego County CU, it could have been said she was moving out of the frying pan and into the fire.

Count NAFCU President Fred Becker among those who believe the WesCorp board member liability issue is unique to that corporate, and not representative of a potentially larger problem.

One analyst with knowledge of the situation related to WesCorp and the potential liability of its former board members said insurance coverage for legal fees is just one issue.