WASHINGTON – CUNA’s new president and CEO Bill Cheney said yesterday he was disappointed in being named as defendant in a negligence suit NCUA is pursuing against directors of WesCorp FCU and denied culpability in the failure of the one-time $34 billion corporate, as he did earlier with the failure of U.S. Central FCU, where he also served as director.

BELOIT, Wis. – NCUA said First American CU, a one-time $160 million credit union here, was liquidated today, the 24th credit union failure of the year.

SAN DIEGO – A parolee of short stature on Monday confessed to four local robberies, including three at Navy FCU branches.

CHILDERSBURG, Ala. – Coosa Pines FCU has completed a merger of Jefferson Community Development FCU, a failed $1.6 million Birmingham-based credit union.

SAGINAW, Mich. – Team One CU said it has promoted Gerald “Jerry” Hutto, executive vice president since 1994, to be president and CEO of the $320 million credit union.

EL SEGUNDO, Calif. – Xceed Financial FCU said it has installed Mortgagebot’s Mortgage Marvel, an online tool for mortgage shopping.

TORRANCE, Calif. – Honda FCU on Tuesday said it is among the first credit unions to implement Digital Defense’s new Remediation Manager-Pro, designed to help organizations remediate security vulnerabilities on their computing platforms.

HADLEY, Mass. – UMassFive College FCU, which serves the University of Massachusetts and four surrounding colleges, yesterday said it signed with ACH Federal to provide it with pay-by-phone Automated Clearing House processing services for its members.

CHICAGO – Alliant CU announced yesterday it has signed with SAS to upgrade its enterprise risk management program with the company’s OpRisk Management.

SAN DIEGO – San Diego County CU extended its title sponsorship of the Poinsettia Bowl for a sixth year, through 2012.

SAN ANTONIO – A teller at Randolph Brooks FCU was arrested after surveillance video showed her stealing funds from the accounts of two elderly members of the credit union.

SAN FRANCISCO – BankServ on Tuesday announced it has agreed to acquire NetDeposit, one of the leading providers of remote deposit capture services, from its owner, Zions Bancorp.

LOS ANGELES – NCUA last night amended a suit it inherited from seven credit union members of WesCorp FCU with additional allegations of breaches of fiduciary duties and gross negligence on the part of fifteen former directors and officers of the one-time $34 billion corporate credit union in connection with over-concentration of certain types of Option ARM mortgage-backed securities.

ALEXANDRIA, Va. – NCUA yesterday extended its extraordinary guarantee of all corporate credit union deposits for another three months, allowing corporates to issue new CDs with maturities up to two years.

SAN FRANCISCO – A group of hedge funds, including credit giant King Street Capital, filed suit against Ambac Financial Group to try to stop transfers to the company’s recently created holding company from its main bond-insurance unit that has halted insurance payments on billions of dollars of toxic mortgage-backed securities, much of it held by corporate credit unions.

ORLANDO, Fla. – Two brothers last week pleaded guilty to charges related to a gas station robbery last year and a botched heist at Community Educator’s CU that followed.

RANCHO CUCAMONGA, Calif. – CO-OP Financial Services said yesterday its CO-OP Member Center has signed with CU Direct Lending to offer CUDL’s new Lending 360 Loan Origination System (LOS) underwriting solution for its lending services, in a partnership to streamline loan origination work flow.

SAN ANTONIO, Texas – San Antonio FCU said yesterday it has acquired Mountainside Financial, the largest broker for mobile and manufactured home lending in the U.S.

BROCKTON, Mass. – HarborOne CU has contributed more than $20,000 to local causes.

CHARLESTON, W.V. – Pioneer West Virginia FCU said C. Dana Rawlings has taken over as new president and CEO of the $130 million credit union.