HOUSTON – TexasOne Community CU has applied to state regulators and NCUA to combine with PrimeWay FCU to create a $400 million credit union, one of the city’s largest.

SAN BERNARDINO, Calif. – Ailing Arrowhead Central CU announced the sale of its Sawyer Cook Insurance CUSO to an undisclosed insurance firm.

ALEXANDRIA, Va. – Pentagon FCU has introduced a new card with a low introductory interest rate of 7.49% good for 36 months.

WALL STREET – The FDIC, holdings billions of dollars in assets from failed banks, plans to float $1.8 billion of bonds backed by assets of the failed institutions and guaranteed by the federal government.

RESTON, Va. – Sallie Mae, a one-time partner, now major competitor of credit unions, yesterday announced it is offering federally insured CDs to help parents save for college.

PHOENIX – Authorities are searching for a suspect who robbed a Desert Schools FCU branch wrapped in bandages from head to toe.

ALEXANDRIA, Va. – Two months after it opened an office of consumer protection, NCUA is keeping the existence of the new office very quiet, even as talks heat up in Congress over creating a new cross-agency directorate to address consumer issues at credit unions, banks and other financial services providers.

SWANZEY, N.H. – A man suspected in as many as 19 Boston-area credit union and bank heists was arrested in this rural New Hampshire town 90 minutes from Boston last Friday.

MIAMI – Well-known credit union attorney Michael Lozoff and his partner at Adorno & Yoss have left the firm to start a credit union practice at Shutts & Bowen, one of the city’s top firms.

MT. LAUREL, N.J. – PHH Corp., which operates the biggest third-party mortgage bank for credit unions, moved out of the red for the fourth quarter and for the whole of 2009, the company reported yesterday.

AUSTIN, Texas – Teres Solutions, provider of the SAIL indirect lending platform, said it has signed Campus FCU, First Financial CU of New Mexico, Credit Union West, MaPS CU, Energy Capital CU, Robins FCU and Hudson Valley FCU as new customers.

ST. PETERSBURG, Fla. – PSCU Financial Services said it is offering credit unions a BCP Digital Messaging to alert members of disasters that may affect their services.

WARMINISTER, Penn. – Freedom CU has joined twitter, at twitter.com/FreedomCUinPA, as part of the credit union’s social media strategy.

RAPID CITY, S.D. – Black Hills FCU, the state’s biggest credit union, said it signed a broker dealer pact with INVEST Financial Corp.

DENVER – Public Service CU has selected VSoft Corp.’s Straight Through Image Processing services.

EAU CLAIRE, Wis. – Royal CU, which is integrating new branches from its merger with REAL Financial CU and the acquisition of Anchorank branches, is rolling out new digital signs form StrandVision of Menomonie, Wis.

TAMPA, Fla. – A woman who told authorities she had sex with a state judge in order to avoid the notorious tough jailer yesterday was sentenced to 10 years in prison for an ATM scam that cost area credit unions and banks tens of thousands of dollars.

LENEXA, Kan. – NCUA on Monday announced losses at U.S. Central FCU have eaten $331 million of the $1 billion capital note issued to the troubled corporate credit union last year, making a total of $2.7 billion of funds in credit union funds lost on U.S. Central so far.

ALEXANDRIA, Va. – Another $14 billion of new deposits flowed into credit unions in the fourth quarter – making a total of $72 billion for the year, as the industry continued to benefit from savers’ flight to safety, according to year-end data released yesterday by NCUA.

CLARK, N.J. – Aspire FCU is offering its Toyota-driving members assistance in buying a new vehicle.