ALEXANDRIA, Va. – NCUA is wrestling with a number of major issues in devising a plan to dispose of as much as $40 billion of troubled assets held by the corporate credit union network, including who should benefit from the sale of the assets, according to sources familiar with the discussions.

LANSING, Mich. – State regulators on Thursday charged two investment advisors with stealing as much as $16 million from investors through a Ponzi scheme, part of which was run out of MidWest Financial CU and its CUSO Financial Services program.

LAS VEGAS – With rates near all-time lows and costs still rising, it has become so difficult for credit unions to earn a positive spread for its members that Nevada FCU is paying members to take their money elsewhere.

RALEIGH, N.C. – State Employees’ CU’s branch here has featured an array of artwork created by a unique group – students from North Carolina's Governor Morehead School for the Blind and Visually Impaired – for the past year.

LOWELL, Mass. – Jeanne D’Arc CU will open a new branch inside nearby Methuen High School, the credit union’s fourth high school branch.

OAK RIDGE, Tenn. – ORNL FCU has introduced a "Young and Free Tennessee" contest to find a spokesperson for its younger generation, known as Gen Y.

LINTHICUM, Md. – State Employees CU yesterday said it has signed with MRG Document Technologies to implement the company’s electronic document preparation services.

MADISON, Wis. – UW CU yesterday announced it is partnering with the Wisconsin Home and Economic Development Authority to offer the Fannie Mae Advantage Mortgage, which offers up to 100% financing on 30-year, fixed rate loans for first-time home buyers.

RAPID CITY, S.D – In rare supervisory action, NCUA yesterday issued a cease and desist order directing Rapid City Telco FCU to halt construction on its new branch, near the presidential monuments Rushmore Crossing shopping center, or any additional fixed assets without NCUA approval because the $47 million credit union has exceeded the agency’s fixed assets rule.

LEWISTON, Maine – FISC Solutions, a provider of student loan servicing to more than 25 credit unions and banks in Maine, yesterday announced the discontinuation of the Maine Advantage Education Loan Program.

BEAVERTON, Ore. – First Tech CU was so impressed with the performance of all four families in its “U-Turn Challenge” financial makeover contest, it awarded the $10,000 grand prize to each one.

BURLINGTON, Mass. – EasCorp FCU, which pioneered mobile deposits over Apple’s iPhone last month, on Wednesday said it has introduced an application that will enable deposits over Google’s Android cell phone.

RICHARDSON, Texas – Texans CU, which won a $40 million judgment in U.S. Bankruptcy Court just last month, on Tuesday was stung by the same court to the tune of more than $21 million.

WARRENVILLE, Ill. – Corporate credit unions are lobbying NCUA mightily for their future, with one plan emerging that would combine all 27 corporates into a single entity serving the whole country.

LIVONIA, Mich. — Consumers can now enjoy the benefits of CU membership when they watch TV. Thanks to the latest partnership announced by Invest in America, credit union members across the U.S. will receive $5 off their monthly DIRECTV bill for the first one year.

BROCKTON, Mass. – HarborOne CU said it has contributed $25,000 to three community organizations.

COMPTON, Calif. – Mid-Cities Financial CU on Tuesday announced the hiring of Melia Keller, a credit union marketing professional, as CEO of the $27 million credit union.

TUKWILA, Wash. – BECU plans to roll out CashEdge’s Intelligent Money Movement POPmoney person-to-person payments service in the next few weeks.

ST. JOSEPH, Mich. – United FCU yesterday announced it is implementing Financial Management Solutions’ Lobby Tracking System that monitors lobby traffic flow and collects real-time product and service sales data – per branch and individual service representative.

FORT WAYNE, Ind. – Three Rivers FCU yesterday said it has selected GMT Corp.’s On-Demand branch workforce optimization solution.