ORLANDO, Fla.-Fraud is likely to continue growing, noted several analysts. "I think we have been so eager to get our customers to use our systems that we have been downplaying the security risks," said Jeanne Capachin of IDC Financial Insights.

NASHVILLE-Early discussions of how the corporate CU market will evolve are initially focusing on the future of payments, with some forecasting regional corporates combining to offer such services, or new CUSOs being formed to take on the task.

TALLAHASSEE, Fla.-There won't be a rush to gobble up the remains or marketshare of failed corporate CUs by other corporates until 2011 or later, according to sources who spoke with Credit Union Journal. And that's if there's any rush at all.

Four financial services industry analysts see a future with fewer providers and with the survivors sharing certain common tactics and strategies.

RANCHO CUCAMONGA, Calif.-For Stan Hollen, a key issue needing an answer as the corporate credit union market evolves is liquidity.

DES MOINES-The Iowa Corporate CU, the nation's smallest corporate credit union, last week signed a preliminary agreement with the National Cooperative Bank that will allow its 140 credit union members to join the cooperative bank and access its correspondent services as the corporate winds down its business.

Coopera Meets With Lawmakers

ORLANDO, Fla.-McCoy FCU reduced delinquencies by 45% during the first half of 2010 by getting aggressive with collections.

VIENNA, Va.-Navy FCU has agreed to delete a total of $50 million of debt owed by 6,700 members in several states on repossessed autos under a federal class action suit alleging the credit union violated the Uniform Commercial Code in the sale of their vehicles.

ALEXANDRIA, Va.-When asked for insights into its policies, procedures, and programs regarding small CUs, NCUA responded to Credit Union Journal by the book.

ORLANDO, Fla.-Aite Group's Gwen Bezard noted that two camps have formed around how to view PayPal: as a threat or as a potential partner. "Both have an upside and downside, but at the end of day I think there is value for FIs in having a payment branch."

John Jacoway, Gary W. Land and Bonnie Sensing were elected to serve three-year terms on the board at Nashville-based Volunteer Corporate CU.

ORLANDO, Fla.- Ken Proctor of Cornerstone Advisors cited what he called "signs irrationality on the parts of regulators on the last 12 months, especially in writing off credits.

NEW YORK-The survival of many small credit unions may rest on examiners paying greater attention to supervisory letters and NCUA instituting a "moratorium" on forced mergers.

SAN FRANCISCO-San Francisco Fire CU has responded to member requests and changed its phone system so that in the event a live representative doesn't answer immediately, the automated phone system immediately presents the opportunity to "press 0 to speak to someone."

NEW YORK-Small credit unions have always faced profitability and growth challenges. But ongoing assessments and projected new compliance requirements have many sounding more pessimistic than in quite some time.

LOCAL CUS HOPE TO RESCUE CONGRESSIONAL CHAMPION

NCUA Reschedules Board Meeting

If you're just trying to survive the assessments, scrape together some change-in-the-ashtray net income, and hang on until the economy and markets bounce back, you probably shouldn't pick up a copy of "13 Bankers" by James Kwak and Simon Johnson.

In a demanding, rapidly changing, competitive financial services environment, credit union managers are strapped for time, diminishing their opportunities to supervise lending staff or review credit applications.