WASHINGTON – The Federal Housing Finance Authority, as Conservator of Fannie Mae and Freddie Mac, has issued 64 subpoenas to various entities, seeking documents related to private-label mortgage-backed securities (PLS), in which Fannie and Freddie invested.

NEW YORK – Nearly 40 credit unions have completed paperwork to become certified as Department of Treasury's Community Development Financial Institutions (CDFI), according to the National Federation of CDCUs, which has assisted in the applications.

TORONTO, Canada – Alterna Savings has partnered with the City of Toronto to pilot a new “Youth Micro-Loan” program at the CU’s Bay Street Community Banking Centre.

WASHINGTON – Federal Reserve Board Chairman Ben Bernanke put the onus squarely on banks to remedy small-business owners’ continuing complaints about the limited availability of credit.

SAN ANSELMO, Calif. – National average rates paid on deposits dropped 0.06% beyond the “normalized pattern” in the week following enactment of Reg E on July 1, according to new analysis from Market Rates Insight (MRI).

LAS VEGAS – The final vote on the massive bank reform bill is expected as early as this week, and despite the fact it is almost guaranteed to contain the Durbin interchange amendment bitterly opposed by credit unions, the battle is not over.

LAS VEGAS – Members of the Credit Union Roundtable, comprised of the largest U.S. credit unions, presented just-retired CUNA CEO Dan Mica with a check for $222,650 in his name to go toward Credit Union House in Washington.

MUSKEGON, Mich. — A concept proposed by Service 1 FCU here has been selected as the winning entry and turned into a video by CU*Answers, a CUSO that provides core processing and other services.

TORONTO, Canada-With all the scrutiny being focused on American financial institutions and calls for increased government oversight, a Canadian credit union continued its commitment to public transparency.

RIVERSIDE, Calif.-The move by NCUA to take Arrowhead Credit Union into conservatorship on June 25 was surprising to many, but perhaps most startling to those running Altura CU, an $881-million institution that shares the "Inland Empire" region of Southern California with San Bernardino-based Arrowhead.

SAN BERNARDINO, Calif.-Arrowhead Credit Union, which had posted staggering losses of $29 million in 2008 and $47 million in 2009-the latter figure weighed down by $79 million in loan and lease loss provisions-managed to eke out a gain of $752,000 during Q4 2009, followed by net income of $2,591,932 in Q1 of this year.

KANSAS CITY, Mo.-Credit union CFOs around the country are anticipating the special assessment NCUA will charge later this year will be larger than the projection CUNA made in a recent analysis.

BEDFORD, Tex.-With the recession driving up the number of auto repos-and some of those coming in following an accident-CUs are finding they need help filing insurance claims.

BALTIMORE-The 5% decline in overall CU lending in the first quarter has one vendor predicting that more credit unions will focus on non-lending products to drive revenue.

RANCHO CUCAMONGA, Calif.-Consumers are disillusioned with banks, yet many don't believe there is an alternative or that they are eligible to join a credit union. CO-OP Financial Services is seeking to bridge that divide.

MADISON, Wis.-Credit unions kicking back and awaiting aging Baby Boomers to cash out their stock portfolios and use the CU's investment services are likely in for disappointment, according to a new study.

RALEIGH, N.C.-A credit union here that essentially operates within another CU continues to post robust numbers.

PITTSBURGH-It takes more than hiring Spanish-speaking employees to effectively serve the Hispanic community.

RANCHO CUCAMONGA, Calif.-CO-OP Member Center, a subsidiary of CO-OP Financial Services, has introduced a program it says offers an easy and efficient way for members to "opt-in" for overdraft protection.

LIVONIA, Mich.-The fact that General Motors is in talks with large financials to broaden the availability of loans for GM vehicles is a good sign for credit unions, contends Invest in America.