WASHINGTON – The Obama administration on Tuesday gave its long-sought endorsement to a proposal to raise the member business loan limit for credit unions as part of a plan that would funnel $30 billion of government funds to community banks for small business lending.

WARRENVILLE, Ill. – Members United Corporate FCU reported an additional $138 million in losses on its investments, depleting almost all of its remaining member capital.

WASHINGTON – Dan Mica is ending his CUNA career in some ways as he began it almost 14 years ago–lobbying Congress against strict limits on the amounts of business loans credit unions can make.

MONROE, Mich. – William Straub, one of the founders of Education Plus CU, has retired from the board of the $62 million credit union after serving for 51 years.

MILFORD, Conn. – A man convicted of robbing Sikorksi Financial CU at his sentencing Friday objected to having to make restitution of more than $10,000, claiming the state law compelling his guilty plea should not entail a restitution.

ALEXANDRIA, Va. – NCUA ruled that a line of credit provided by a credit union to a mortgage company is not exempt and thus qualifies as a member business loan under the agency’s MBL rules.

OGDEN, Utah – American First CU has signed with HP Middle East to implement the company’s HP MPS Smart Decision Suite – tools aimed at helping enhance managed print services delivery and mobile printing.

PORTLAND, Ore. – Unitus Community CU has deployed the MeridianLink System automation system.

MANHATTAN BEACH, Calif. – Kinecta FCU has gone live with Halogen Software’s eCompensation pay-for-performance solution.

BOULDER, Colo. – Premier Members FCU plans to open a branch inside a new Wal-Mart Supercenter in Broomfield tomorrow.

NEW YORK CITY – NCUA yesterday liquidated Convent FCU, a $175,000 church-based credit union.

LIVONIA, Mich. – Quicken Loans on Monday announced it is entering the market for private label mortgage originations for credit unions with the creation of Quicken Loans Mortgage Services.

ST. PETERSBURG, Fla. – PSCU Financial Services has signed 65 credit unions to its new CUInitiative for assistance with Regulation e-Overdraft Opt-In.

JACKSONVILLE, Fla. – Fidelity National Information Services said this morning that negotiations aimed at a leveraged buyout of the company have been terminated and it is now pursuing a leveraged recapitalization instead.

NEW ORLEANS – Despite a pending deadline and the revenue produced by one subset of members, an informal survey of CFOs attending the CUNA CFO Council’s annual meeting here found that only about one-third reported they have begun the process of requiring members to opt-in to overdraft protection or so-called Courtesy Pay programs.

OAKLAND, Calif. – In an experiment being watched by credit unions across the country, North Carolina’s Center for Community Self-Help is building a community development credit union in California funded by secondary capital provided by one of its affiliates, the Self-Help Ventures Fund.

CINCINNATI-The NCUA assessment later this year to replenish the NCUSIF due to ongoing costs related to corporate credit unions and CU failures should land at about 40 basis points this year, according to Lee Butke.

Langley FCU, Newport News, Va., kicked off a fundraiser for the Honor Flight Network at the CU's 74th annual meeting. The goal is to raise $20,000 to sponsor an entire Honor Flight trip of three bus loads of local World War II veterans to see the WWII Memorial in Washington.

LAS VEGAS-Credit Union Direct Lending (CUDL) has introduced a new SMART Approval program.

CUs Online Experience Called More Satisfying