NCUA CHARGES TURN NEWLY GAINED BLACK INK TO RED

Becker Named To Top CEO List

Many credit unionsoffer mobile banking, but they are struggling to keep up with members' clamoring for the more sophisticated services that mobile devices can deliver.

More bits and pieces from - if not of - the road.

With apologies to all the real cowboys and bronco riders out there, following are some steps that might help you ride out the economic downturn.

OAK RIDGE, Tenn. – ORNL FCU has taken ownership in a foreclosure of the Middlebrook Gardens property, in West Knox County, a popular wedding/event venue that closed at the end of last year.

CHAPEL HILL, N.C. – The University of North Carolina unveiled a 50-foot painting commemorating the Greensboro lunch counter sit-in of 1960, courtesy of Local Government FCU.

CHATANOOGA, Tenn. – Tennessee Valley FCU has enlisted well-known actress Betty White, currently featured in a Snickers candy bar commercial, in a Betty White look-alike photo contest.

PENSACOLA, Fla. – Pen Air FCU has established a new Share It debit card program to benefit five school districts, including Escambia and Santa Rosa.

SACRAMENTO, Calif. – The Golden 1 CU announced Friday that Donna Bland, its chief financial officer, will serve as president and CEO of the $8 billion credit union after the departure of Teresa Halleck for San Diego Community CU.

LIVE OAK, Texas – Randolph-Brooks FCU has acquired two office buildings in northwest Austin totaling 36,291 square feet, where it plans to move some of its administrative offices, locate a retail component for various client services and possibly a new branch.

SAN DIMAS, Calif. – WesCorp FCU said it is partnering with Procura, LLC to offer credit unions a system to track and manage Health Savings Accounts.

ALBANY, N.Y. – Hudson Valley FCU has appealed its challenge of the state’s mortgage transfer tax to the state’s Court of Appeals, arguing the federal credit union charter exempts it from all state taxes.

DALLAS – Southwest Corporate FCU reported Friday additional losses on its investments will eat up more member capital for July.

WASHINGTON – The FDIC said Friday it sold securities backed by $471.3 million of performing single-family mortgages originated by 16 failed banks, in a program NCUA is watching closely as it plans a disposition of some $50 billion of toxic assets held by corporate credit unions.

LOS ANGELES – Credit unions throughout the Golden State are reporting improved mid-year financials, with several erasing big losses of the past two years and other troubled institutions less red ink, even as the NCUA’s second quarter assessment for the corporate credit union bailout weighs them down.

VIENNA, Va. – Navy FCU is reviewing acquisitions of two troubled credit unions that could give it a foothold on the West Coast or the southern tip of the East Coast, home to two large naval bases.

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OREM, Utah – NCUA said this evening it has taken under conservatorship Family First FCU, a one-time $175 million credit union based here, as Utah has joined the list of Sand States housing troubled credit unions.