BRAINTREE, Mass. – Liberty Bay CU has signed a deal with Red Sox first baseman Kevin Youkilis to sponsor his charity, Hits for Kids, in which the major league All-Star will make personal appearances for the credit union in exchange for a donation to his charity.

QUEENS, N.Y. – New York Mayor Michael Bloomberg and Rep. Carolyn Maloney yesterday joined community organizers for the opening of the East River Development Alliance FCU, the first new credit union in New York in more than a decade.

WARRENVILLE, Ill. – Members United Corporate FCU yesterday became the latest corporate credit union to project bigger losses on its investments due to difficulties at its major bond insurer, Ambac Assurance Corp.

WASHINGTON – CUNA said it has depleted all $941,000 of membership capital shares in U.S. Central FCU, where it held two of the troubled corporate credit union’s seven board seats.

WASHINGTON – Republican senators voted en masse to filibuster the bank reform bill yesterday, dealing a major blow – if a temporary one – to the effort to rein in Wall Street.

OGDEN, Utah – America First FCU said it has contracted with Fiserv to implement the company’s new person-to-person payment solution.

TEMPE, Ariz. – TruWest CU has rolled out a personalized checking account that starts with a free account and allows members to add their own features, including rewards and discounts.

CHANTILLY, Va. – Electronic biller Online Resource Corp on Monday announced it was granted a patent by the U.S. Patent and Trademark Office for a broad range of biller service provider bill payment transactions.

SAN ANTONIO-Air Force FCU has agreed to divest itself of loans and deposits associated with members that were added to the credit union's rolls in contravention of its field of membership.

CITRUS HEIGHTS, Calif.-Credit unions selling repossessed vehicles through auto auctions are getting greater returns than liquidating cars through other wholesale channels.

DALLAS, Texas-With bankruptcies up across the board, National Bankruptcy Services is looking to expand its reach into the credit union marketplace, and has partnered with one well-known firm to do so.

MADISON, Wis.-Consumer protection regulation likely to be passed by Congress will not have a major impact on credit unions if such policies implemented in other countries are good guides.

WASHINGTON-CUNA is assembling a task force to ensure the continuity of services being delivered by corporate CUs is not interrupted by future changes corporates may undergo.

WASHINGTON-In its comment letter to NCUA on proposed changes to the field of membership rules, CUNA pressed for additional leeway for applications involving multiple political jurisdictions and rural districts.

CUES, CU Journal Team Up

In a story in the April 19 edition, Robin Lentz and Tina Fugelsang were misidentified. Robin Lentz is the CEO of Cabrillo CU and Tina Fugelsang is the CEO of Harbor FCU.

MEADVILLE, Penn.-Managing deposit pricing remains a delicate balancing act for many credit unions eager to welcome new members and funds without upsetting ALM plans or affecting capital.

SAN ANSELMO, Calif.-Certificates with terms of three or more years and less than $100,000 are the most sensitive to the Fed effective rate according to new analysis from Market Rates.

April

ATLANTA-George Reynolds retires May 1 after 34 years with the Georgia Department of Banking and Finance. The senior deputy commissioner and former National Association of State Credit Union Supervisors (NASCUS) chairman spent time with Credit Union Journal to discuss his career, the evolution of credit unions and the supervisory role, and the regulatory challenges facing CUs.