ORLANDO, Fla.-An investment of more than $100,000 annually by one credit union in an employee wellness program is expected to generate more than double that in savings this year, and more than $400,000 annually in coming years.

ORLANDO, Fla.-Royal CU has made a significant investment in a wellness program for employees, but reports it is also seeing strong ROI.

WASHINGTON-New legislation that would open the market for credit and debit card interchange fees to competition would harm small card issuers like credit unions and community banks, members of Congress were told last week during a hearing on a new interchange bill.

Manheim Honored With Awards

ADA, Mich.-A true Software as a Service mortgage platform has enabled one CUSO here to more than triple its lending volume while keeping staffing costs minimum.

New Microsite On CU Sustainability Created

MADISON, Wis.-Credit unions will have to alter their multi-feature, open-end lending plans with a July 1 Regulation Z compliance deadline looming.

CINCINNATI-Perhaps it shouldn't be too surprising that the woman dubbed the "Mother of Credit Unions" would have a son and a daughter currently leading two separate CUs. Or that in an industry that talks often of its being a "family" that credit unions across the country are led by CEOs whose parents were in also in CUs.

CINCINNATI-The pressure on credit union executives to succeed can be enormous, but one CEO has a plaintive request: don't forget what CUs stand for.

ALEXANDRIA, Va.-The NCUA Board voted this morning to extend an emergency order essentially allowing corporate credit unions to ignore the agency's minimum capital standards until the end of 2011.

GFA FCU, Gardner, Mass., promoted Rick Egan to AVP/Business Development.

WASHINGTON-Five Capitol-area credit unions will offer low- or no-fee savings and check accounts as part of Washington's new Bank on D.C. program.

WASHINGTON-A senator from New York where several CUs were victims of the $140 million U.S. Mortgage/CU National Mortgage fraud called on Fannie Mae's regulator to engineer a settlement on the disputed claims.

CLEVELAND-NCUA last week took under conservatorship St. Paul Croatian FCU because of the declining financial condition of the $250 million credit union. The credit union, the biggest taken over in Ohio in at least a decade, was chartered in 1943 and serves members of the St. Paul's Croatian Parish in Cleveland. It is unclear why the credit union was taken over because it has 12% net worth and reported a $1.4 million net for the first quarter of 2010.

CHICAGO-Regulators shuttered seven banks in Illinois last week, including the bank owned by state Treasurer Alexi Giannoulias, a Democrat who is running for President Barack Obama's old Senate seat.

WESCORP: ANOTHER $50M IN LOSSES

Move Your Money To Become Non-Profit

The scenario: Inspired by the high-profile and widely watched NFL Draft at Radio City Music Hall in New York City, credit unions opt to hold their first-ever Credit Union Draft ...

Recent articles have suggested CU members face a greater risk of fraud when using their debit cards than credit cards. Based on our experience in providing fraud protection services for more than one-billion credit card and debit card transactions annually, we continue to believe that debit cards provide members with a safe, convenient way to make purchases and pay bills.

Thank you for opening the dialog on the future of Corporate Credit Unions (CU Journal, April 12). The three choices you presented included having a single national corporate, five regional corporates and the status quo. I would add to those three choices the option of not having any corporates.