DES MOINES, Iowa – TMG Financial Services, an affiliate of the Iowa CU League, yesterday said it has hired Jim Hansen, who resigned last Friday as president of the troubled Virginia Corporate FCU.

WASHINGTON – CUNA on Monday announced it had a profitable 2009 – net income of $6.8 million – after two years of losses wiping out more than $13 million of reserves.

WASHINGTON – A CUNA task force on corporate credit unions on Monday recommended that corporate credit unions cease being investment houses for natural person credit unions – the genesis of their financial problems – and restrict their activities in the investment markets to being pass-throughs or broker-dealers.

ATLANTA-Home improvements and home repairs continue to be the primary or traditional uses for home equity lines of credit, according to a research study by SYNERGISTICS RESEARCH.

PHOENIX-A number of credit unions are stepping up efforts to help seniors with questions about Medicare coverage and other healthcare options.

March

MADISON, Wis.-Credit unions far outpace community and national banks in consumer perception and satisfaction, but that doesn't necessarily bring growth or market share according to a new report.

WASHINGTON-Average rates paid by credit unions on all savings deposits continue to fall to record lows through the first six weeks of the year.

CLEVELAND-NCUA revived its moribund underserved expansion program over the final two months of 2009, even allowing one CU to serve all of the city of Cleveland as an underserved area, the latest big city to gain that designation.

WASHINGTON-What started out as a New Year's resolution by a popular, liberal blogger has turned into a national phenomenon that is bringing deposits to credit unions.

ALEXANDRIA, Va.-NCUA approved a proposal for a bunch of credit unions to create a CUSO that would provide smaller credit unions with regulatory compliance and consumer advisory services.

Hearings

Elevations CU, Boulder, Colo., welcomed Karyn DeLuna as a new financial advisor for its wealth services division.

LIVONIA, Mich.-Prize-linked savings may be just what some members need to begin moving ahead with a sound financial future.

COLUMBIA, Md.-Credit unions in Maryland, the District of Columbia and Northern Virginia are planning to role out an ambitious media and awareness campaign aimed at making credit unions in the region "dominant in the financial marketplace."

CU Members Twice As Loyal As Bank Customers

What sorts of direction and questions have you gotten from lawmakers regarding the national, regional and local financial services market over the last year, and how have you responded?

LIVE OAK, Texas-Randolph-Brooks FCU will distribute $4.2 million to members who used their debit cards to make purchases last year, the $3.7 billion credit union announced.

GREENSBORO, N.C.-Premier FCU, here, and Lewison Municipal FCU, Lewiston, Maine, recently named new CEOs.

WHITE PLAINS, N.Y.-The former head of USAlliance FCU's brokerage CUSO recently was sentenced to serve three to nine years behind bars for embezzling more than $2.2 million in stocks from the operation, known as Affina Brokerage Services.