SUNNYVALE, Calif.-There are not many areas in the Golden State that have escaped a free fall in home prices and the resulting domino effect on consumers' wallets, but Rick Heldebrant says his credit union is "lucky" to be where it is.

ALEXANDRIA, Va.-NCUA has ruled that credit unions must accept alternative, non-traditional credit reports at a member's request when deciding on a member's creditworthiness.

World Council Marks 40th Birthday

CUSO To Pay First Dividend

F. Scott Fitzgerald famously observed that "There are no second acts in American life." Mr. Fitzgerald never met credit unions.

Are your board members performing at their peak? With everything that is happening in the credit union movement and the economy today, your answer to this question better be yes.

1. Building trust is vital. 2. Credit Unions are misunderstood. 3. Banks are getting more aggressive. 4. Marketing must build relationships with members. ...

DAYTONA BEACH, Fla. -- A former branch manager of Space Coast CU was charged last week with accessing member accounts and using personal information to take nearly $54,000.

MILTON, Fla. – Santa Rosa County FCU said its president and CEO Phillip Pridgen is retiring after 30 years with the $72 million credit union.

KANSAS CITY, Mo. – TruHome Solutions LLC said it has signed three more credit unions to mortgage loan origination and servicing deals.

TALLAHASSEE, Fla. – The former president of Florida A&M University FCU and a former program director at the University were convicted by a federal jury Friday of embezzling $134,000 of U.S. Department of Housing and Urban Development funds administered by the credit union.

BOSTON – Time is running short in the state legislature to pass a credit union-supported bill that would require all public students from kindergarten take financial literacy courses.

MECKLENBURG, N.C. – Evangelical Christian CU, the California church lender, acquired another troubled church property, the Greater Salem Church, a a foreclosure auction Friday for $5.1 million.

WASHINGTON – Regulators closed three more banks Friday, two in Georgia and one in Arizona, making 146 bank failures so far this year.

REDWOOD CITY, Calif. – San Mateo CU acquired another branch on the peninsula with the acquisition of ailing Palo Alto Community FCU.

ALEXANDRIA, Va. – NCUA approved several more acquisitions by credit union giants, extending the trend of greater consolidation in the credit union movement.

NEW YORK – Last week’s Chapter 11 filing by Ambac Assurance, which provides insurance on billions of dollars of mortgage-backed securities held by corporate credit unions, is likely to add to the price tag of the corporate bailout, just as NCUA is trying to get its hands around a loss estimate for the failure of the five corporates.

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ALEXANDRIA, Va. – NCUA announced this afternoon it has separated the toxic assets from two of the latest corporate failures, Members United Corporate FCU and Southwest Corporate FCU, and created so-called bridge corporates to continue their services operations as it sells off and liquidates the investments of the two institutions.

KANSAS CITY – The corporate network announced today it plans to create an alternative to the payment systems now offered by the various corporates, including products such as ACH, national settlement (Automated Settlement), international services, and custody/safekeeping, as well as services formerly offered through subsidiaries of U.S. Central FCU.