An effective vendor-management program must provide the operational organization necessary to manage all of the credit union's current and future vendor contracts and relationships. Here are some key components to effectively manage vendor due diligence.

The $6.6-million Brockport FCU, New York, was approved for assistance from the County of Monroe Industrial Development Agency and will be receiving a tax abatement on the construction of its new location only.

WASHINGTON – Credit Union Student Choice, a CUSO that provides turn-key private student lending services to credit unions across the country, said three CUs have joined its quickly expanding student lending network.

COLUMBIA, S.C. – A former supervisor at SAFE FCU on Friday was indicted on 23 counts of stealing from SAFE FCU, a total of $445,000.

EUREKA, Calif. – Coast Central CU gave $50,000 to five non-profits as part of its annual Community Investment Program.

BEL AIR, Md. – Ten of a local school district’s best teachers were rewarded with $1,200 from HAR-CO CU as part of the district’s annual Teacher of the Year awards.

TALLAHASEE, Fla. – Florida Commerce CU introduced nine working mothers who will compete in its second $10,000 weLiveFIT savings challenge.

TULSA, Okla. – Oklahoma Central CU is building a branch at the Tulsa Hill shopping center, the $385 million credit union’s ninth service center.

SAGINAW, Mich. – Wildfire CU, formerly Communications Family CU, last week said it plans to open a new branch in Bay City this fall, its second branch opening slated for the year.

OAKLAND, Calif. – The former treasurer of Niman Ranch last week was indicted on charges of embezzling $1.6 million from the company that sells natural meat and laundering the funds through Cal State 9 CU, then Patelco CU, which took over the failed $440 million credit union in 2008.

WASHINGTON – A senator from New York, where several credit unions 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.

WASHINGTON – Credit union lobbyists are watching closely for extraneous amendments as the Senate moves towards debate on the landmark financial services bill today, which nominally has little major impact for credit unions.

YUMA, Ariz. – AEA FCU, which reported big losses the last two years, on Friday said its president Ken Bredemeyer is retiring and will be succeeded on an interim basis by Denise Sweet-McGregor, a long-time executive vice president.

JACKSONVILLE, Fla. – Community First CU of Florida, struggling with big losses the past two years, last week announced it is closing two branches.

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

CLEVELAND – NCUA on Friday took under conservatorship St. Paul Croatian FCU because of the declining financial condition of the $250 million credit union.

NEW YORK – Polish & Slavic FCU will pay its members a $2.5 million special dividend on May 3 to coincide with the anniversary of the Polish Constitution of 1791.

CLEVELAND – NCUA this afternoon took under conservatorship St. Paul Croatian FCU because of the declining financial condition of the $250 million credit union.

SEATTLE – A former teller at Windward Community FCU this week was indicted on charges of stealing $63,500 from member accounts.

LEHIGH VALLEY, Penn. – Employees of First Commonwealth FCU provided filled Easter baskets for 30 foster children from Pinebrook Family Services, ranging in age from one to 19.