NEW YORK – The Treasury Department awarding $69.9 million in long-term loans to 48 community development credit unions marks the largest capital infusion in the history of CDCUs, noted Cliff Rosenthal, who added that money was left behind.

WASHINGTON – In one of their worst weeks ever credit unions got some good news yesterday when the Treasury Department awarded 48 community development credit unions a total of $67 million in long-term loans that they can count as capital.

SAN ANTONIO – George Reynolds, past NASCUS Chairman and retired state regulator from Georgia, has been named winner of the 2010 NASCUS Pierre Jay Award.

EAST LANSING, Mich. – MSU Federal Credit Union has named the winners of its “2010 Ideal Room Makeover.”

GREENSBORO, N.C. – A number of credit unions in this state will be looking to re-open today after closing Wednesday and Thursday due to the heavy rains from Tropical Storm Nicole that have moved on to the northeastern U.S.

SAN ANTONIO – Recessions typically are described as either “U” shaped or “V” shaped, but the economy of the past few years has been more of a “lumpy L,” according to CUNA Mutual CEO Jeff Post.

PORT AU PRINCE, Haiti – A delegation from Pennsylvania’s credit unions that is in this country has visited with several credit unions that were destroyed during January’s earthquake.

LIVONIA, Mich. – Invest in America, while doing well and moving about 12,000 GM car sales per month, is feeling the pinch from manufacturers.

SAN ANTONIO – NASCUS continues to raise concerns with the Federal Trade Commission over a potential new rule related to disclosures in mortgage advertising that would apply to state-chartered CUs only.

SAN ANTONIO – CUNA President Bill Cheney said he has had three discussions with Elizabeth Warren, the de facto head of the Consumer Financial Protection Bureau, which is in the process of being formed and defining its mission.

COLUMBUS, Ohio – John Reardon, Ohio's superintendent of the Division of Financial Institutions, has left the position in response to an ongoing grand jury investigation stemming from a matter related to his former position as treasurer of Mahoning County.

LAS VEGAS – Mobile banking and melding CU cultures following mergers will be two of the most pressing issues facing the movement in the coming 12 months.

SAN ANTONIO – A provocative challenge has been made to credit unions when it comes to their deposit insurance fund.

SAN ANTONIO – Secondary, or supplementary, capital for credit unions has been a longtime goal of the National Association of State Credit Union Supervisors, but its likelihood seemingly has been a long way off. But now the group feels it’s closer than ever to becoming reality.

SAN ANTONIO – CUNA President Bill Cheney said the trade group will make a priority out of secondary capital in 2011.

MINNETONKA, Minn. – Datacard Group, the privately owned card services provider, announced this afternoon it has agreed to acquire Dynamic Card Solutions, the popular provider of instant card issuing for credit unions and banks.

SAN ANTONIO — NCUA should have a prospectus available around Oct. 12 on its new NCUA Guaranteed Notes, NCUA Chairman Debbie Matz said this morning.

SPRINGFIELD, Mass. – The former president of Western Mass. Electric Co. Credit Union here has pleaded guilty to stealing some $225,000 from through falsified expense reports over the several years prior to his retirement in 2006.

ALEXANDRIA, Va. – NCUA has issued prohibition orders against two individuals.

WASHINGTON – CUNA CEO Bill Cheney is appearing in a new video on the trade group’s website aimed at speaking to CU members who may be worried about their safety of their deposits following a Wall Street Journal story that was headlined, “Credit Unions Bailed Out.”