It is an indisputable mathematical fact that compared to a credit union with an equal amount of net worth a mutual can make more loans, accept more deposits, open more branches, and hence, by these measures better serve members and the community.

CHICAGO — Federal Home Loan Bank of Chicago has filed suit against lenders including Bank of America Corp. claiming their failure to disclose relaxed subprime mortgage underwriting standards, led it to unknowingly buy risky private-label mortgage-backed securities for which it wracked up hundreds of millions of dollars in losses.

NORWOOD, Mass. — The former treasurer of the Norwood School Employees FCU who was also vice principal of the Coakley Middle School pleaded not guilty in court Wednesday to stealing more than $250,000 from the now-defunct credit union.

NORTH ATTLEBORO, Mass. — A hefty bus driver-turned-robber who pleaded guilty to a string of 11 robberies recently wrote letters apologizing to employees of the Rockland Federal Credit Union and local police for his crime in May.

MADISON, Wis. — University if Wisconsin CU will award $6,000 in scholarships to three "Big Idea" authors, as part of an initiative by Madison Area Technical College to stir up BIG IDEAS about the future.

SAN DIEGO — A team from San Diego County CU collected more than $12,000 in a month-long drive to raise more than $270,000 for Rady Children's Hospital during SeaWorld's Shamu & You Family Walk.

POUGHKEEPSIE, N.Y. — Hudson Valley FCU opened its newest branch in the nearby town of Highland last week.

CORPUS CHRISTI, Texas — Navy Army FCU has implement Financial Management Solutions' Teller Management System at its ten branches.

PHILADELPHIA — A suspected local drug dealer was charged Friday with the September theft of a Franklin Mint FCU ATM from inside the Delaware County Memorial Hospital with almost $100,000 of cash inside.

SACRAMENTO, Calif. — The Golden 1 CU named Donna Bland, its chief financial officer, as CEO of the $7 billion credit union.

SPOKANE, Wash. — Alaska USA FCU, in the process of completing last month's acquisition of failed Seattle credit union Transportation Northwest CU, continued feeding off the carcasses of failed credit unions with a deal Friday to acquire loans and other assets of the Union CU.

DALLAS — Struggling Texans CU, which is embroiled in several multi-million dollars lawsuits over its member business lending, was hit by a new suit in federal court which assails the one-time $2 billion credit union's wholly owned CU Liquidity Services LLC CUSO as a "Ponzi scheme" which shuttled inadequate pools of funds among various borrowers just to gin up fees and commissions.

WASHINGTON — Fannie Mae has settled claims with the vast majority of the 28 credit union victims of the $140-million U.S. Mortgage/CU National Mortgage fraud, but is still balking at settling claims with a half dozen of the biggest claimants.

SPOKANE, Wash. – State regulators shuttered The Union CU Friday night and assigned the assets of the one-time $14 million credit union to giants Alaska USA FCU and Numerica CU.

Small credit unions have always faced profitability and growth challenges, and today that's being exacerbated by assessments and new compliance requirements. This special CU Journal series looks at the strategies small credit unions are using to rise to the occasion.

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

NCUA Spokesman John McKechnie said the agency is not shopping for merger partners for Arrowhead Central CU and Keys FCU and continues to work with the two CUs to improve their financial situations.

KANSAS CITY, Mo. – Federal authorities on Thursday charged a local investment manager with operating a $7.2 million Ponzi scheme they say was partially laundered through local branches of Mazuma CU.

ST. PAUL, Minn. – Check printer Deluxe Corp. reported yesterday that a 33% rise in revenues from its growing businesses services operations helped stem continuing declines in its core checks business to deliver a 14% rise in net income for its fiscal third quarter, to $50.8 million.

SALT LAKE CITY – America First CU on Thursday kicked off the holiday season with the delivery of a semi-truck filled with food to the Utah Food Bank.