SAN BERNARDINO, Calif.-Arrowhead Credit Union said it no longer needs an outlet for large numbers of low-mileage repossessed automobiles, and therefore has ended its relationship with Arrowhead Motors.

It's always been one of the ironies within credit unions that the poorest job of marketing is done by marketing departments themselves.

CU managers constantly seek ways to increase productivity within their existing branch operations. But before addressing productivity, there are a couple of key points to consider.

SCHENECTADY, N.Y. – A member of Sunmark FCU who tried to pass two bogus checks worth $100,000 at an Illinois casino was arrested here last week when he arrived in the area to attend a family member's funeral.

SALT LAKE CITY – A man who robbed Goldenwest CU of almost $52,000 during a 2008 armed hold up with the help of a teller last week was sentenced to 56 months in prison.

FALCON HEIGHTS, Minn. – Spire FCU, the state’s sixth-largest credit union, last week said its chief financial officer, Dan Stoltz, who has been serving as interim CEO since November, was given the permanent job to head the $565 million credit union.

SEATTLE – Prevail CU has selected TRC Interactive to deliver First Line of Defense Fraud Detection and Loss Prevention Challenge, an online interactive experiential exercise for credit unions that helps keep their staff sharp, focused and alert to the latest scams.

RICHLAND, Wash. – HAPO Community CU plans an $8 million renovation of its headquarters and main branch here.

NEW YORK – United Nations FCU last week said it is partnering with the International Association of Solopreneurs to provide the group representing small business owners with an online suite of insurance products to address unforeseen circumstances that can impair their operations.

ALEXANDRIA, Va. – Pentagon Federal Credit Union, the nation’s third-largest credit union, on Friday said it has signed with Sun West Mortgage Co. to offer reverse mortgages to its members.

RICHARDSON, Texas – Texans CU and its once high-flying business lending CUSO have been hit by another bankruptcy in a high-profile development collateralized by one of its member business loans.

WASHINGTON – Regulators on Friday took over seven banks in five states, making a total of 37 bank failures so far in 2010.

YUMA, Ariz. – AEA FCU, which reported a whopping $25.9 million loss for 2009, said it plans to shutter its downtown branch and close the main offices for business on Saturdays in an effort to reduce expenses.

TRACY, Calif. – NCUA late Friday took under conservatorship troubled Tracy FCU, a one-time $33 million credit union that reported a loss of almost $900,000 for 2009 and had less than 5% net worth.

LANSING, Mich. – State regulators last week approved the combination of NuUnion CU and Detroit Edison CU to create the state’s fourth-largest credit union with more than $1.5 billion in assets to be known as Lake Trust CU.

WASHINGTON – The long-expected reform of the student loan market – eliminating guaranteed student loans and replacing them with direct loans from the federal government – was passed Sunday night as part of the massive health care reform bill that narrowly passed the House.

ANCHORAGE, Alaska – When more than $230,000 was mistakenly deposited in a fisherman's Credit Union 1 account, he went on a spending spree and cleaned out all of his new-found funds.

NEWARK, N.J. – A story in yesterday’s Credit Union Journal Daily Briefing regarding sentencing in the $140 million CU National fraud incorrectly named one of the three credit unions that have settled claims with Fannie Mae. It is Velocity Community CU in Florida, not Velocity CU in Texas.

RICHMOND, Va. – Dorothy “Dot” Hall, the retired president of Virginia CU who began her 42-year-career there as a bookkeeper, died at her home in nearby Hanover Tuesday at 79.

ALEXANDRIA, Va. – NCUA said yesterday it has barred Mandi Shook, a former employee at defunct TexDot-Wichita Falls CU, after she stole more than $195,000 from the credit union.