INDIANAPOLIS – Afena FCU has launched what is believed to be the first student credit card program in Indiana.

PORTLAND, Ore. – Outstanding credit card balances among credit union members grew during the second quarter, according to analysis by AssetExchange.

WASHINGTON – An assistant professor at Williams College and former Capitol Hill staffer last week was sentenced to 50 months in prison for a two-decade long series of identity thefts that took in several universities, the U.S. Department of Education, the Social Security Administration, and several banks and credit unions, including Stanford FCU and Wright-Patman Congressional FCU.

LOMPOC, Calif. – CoastHills FCU said its CoastHills FCU Community Foundation’s fourth annual fundraiser, “Rancho Vino,” raised $45,000 to benefit the Santa Barbara Cottage Children’s Hospital, a member of the Children’s Miracle Network.

LIVE OAK, Texas – Randolph-Brooks FCU has picked northwest Austin as its base of operations for Central Texas.

NEW HARTFORD, N.Y. – The U.S. Department of Agriculture has awarded Stone Mill of Little Falls a $650,000 low-interest loan through GPO FCU, which will be used to rehabilitate an historic mill building.

MADISON, Wis. – CUNA Mutual Group said it will offer someone the opportunity to win $5,000 as part of its upcoming Online Discovery Conference, to be held Nov. 3.

WASHINGTON – President Obama on Monday signed into law a bill that for credit unions was notable for what it did not include: MBL cap relief.

ALEXANDRIA, Va. – NCUA has scheduled a series of 11 Town Hall meetings across the country in October in order to discuss the new rules relating to corporate credit union operations and corporate legacy asset resolution.

WASHINGTON – In its analysis of NCUA’s new rules for corporates, CUNA said it is most concerned with the costs of dealing with so-called “legacy assets” and the resulting impact on credit unions, according to Mary Dunn, head of regulatory compliance.

HARRISBURG, Penn. – The Wall Street Journal story that has raised industry eyebrows with the headline “Credit Unions Bailed Out” has not grabbed the attention of many CU members, according to CEOs who talked with Credit Union Journal.

GREENSBORO, N.C. – The CEOs of a number of corporate credit unions said they believe the requirements and deadlines NCUA has set in its new corporate plan will be achievable.

ALEXANDRIA, Va. – More than 2,800 people logged in to yesterday’s NCUA Virtual Town Hall Meeting, looking for answers to what the future holds now that five corporate credit unions have been conserved and a final rule on corporates has been issued.

ALEXANDRIA, Va. – During NCUA’s virtual town hall meeting Monday, the agency outlined the “good bank/bad bank” model under which four of the five conserved corporates will be transitioned to “bridge corporates.”

LAS VEGAS-Credit unions have been told for more than a year that an opportunity exists in mortgage lending space-but there has been significantly less concrete information on exactly how to do it.

LAS VEGAS-At the ACUMA 2010 Annual Conference, Credit Union Journal asked, "How is mortgage lending faring at your credit union?"

LAS VEGAS-When used properly, social media can help credit unions make connections with Realtors, which in turn will increase CUs' share of the mortgage market.

September

SAN ANSELMO, Calif.-Analysis from Market Rates Insight indicates that consumers cashed in about $200-billion in maturing certificates of deposit during the first half of 2010, and used about 15% ($29)-billion) of the funds to pay down revolving credit such as credit cards and lines of credit.

BIRMINGHAM, Ala.-A federal appeals court has upheld the right of Corporate America CU to sue RubinBrown, LLP over a valuation the St. Louis firm provided U.S. Central FCU in the conversion of $450-million of member capital in the fall of 2008 just weeks before all of the capital was wiped out by massive losses at U.S. Central.