'Support Fort Hood' Acct. Opened

LAS VEGAS — The president and CEO of Clark County CU must have thought he was on stage at one of Glitter Gulch's many comedy clubs when asked: How is the recovery treating you?"

PHOENIX — The combined housing/economic crises are intertwined messes that will not be fixed for months to come. That is the message from Patrick LaVoie, founder and fund manager for The Westward Fund

DALLAS — One analyst sees California and Nevada with lingering problems with employment and housing that run the risk of a double-dip recession, but he does see some positives.

RIVERSIDE, Calif. — The equation is simple: members with no jobs = members who miss loan payments at their credit union.

With budgets tight, a training needs analysis (TNA) can give credit unions a rifle-shot approach toward meeting essential training needs as opposed to the shotgun approach that may not pinpoint the training that is most needed, according to a new white paper from the CUNA HR/TD Council. Called "Conducting a Training Needs Analysis for Your Credit Union," the white paper includes three case studies that have used TNA successfully, and also explores credit unions' current options for learning more about employees' need for training. For info: cunacouncils.org

RIVERSIDE, Calif. — Mark Hawkins, president and CEO of Altura Credit Union, believes the Inland Empire region of Southern California has made a small turnaround.

CINCINNATI — Members who walk into the Harrison branch of Kemba Credit Union see this city's oldest firehouse alarm bell on the entrance wall, an antique fire extinguisher in the waiting area, and a 1950's fire alarm by the offices.

HAWTHORNE, Calif.-Effective Jan. 4, 2010, FAA First Credit Union will change its name to SkyOne FCU. The 60-year-old CU said the name change follows an expansion in its FOM to a TIP charter serving the air transportation industry nationally. The $315-million CU serves 25,000 members.

LENEXA, Kan.-The $232.8-million Credit Union of Johnson County is absorbing two small, local credit unions via merger. CUJC said it will merge with the $2.8-million Leavenworth Teachers & Community Credit Union, and the $1.16-million Faith Financial Credit Union, Kansas City. Credit Union of Johnson County will retain employees of the merged credit unions.

LoanSifter Announces New Product

PLYMOUTH, Mich. — Detroit Edison CU and NuUnion Credit Union have announced plans to merge and create a $1.5-billion institution to be called Lake Trust Credit Union.

LAWRENCEVILLE, Ga. — Employees of the $18.7-million Clarke Community FCU felt better about becoming part of the $148-million Gwinnett FCU when they learned their CU would be keeping its name.

WALLINGFORD, Conn. — Constitution Corporate FCU is now essentially insolvent as it posted $2.44 million undivided earnings deficit in its recently released Sept. financial report. The corporate's reserves, paid in capital and member capital shares are now fully depleted.

SPRINGFIELD, Ill.-Credit unions and banks are being invited to participate in an expanded program organized by the state Treasurer's office which provides soldiers with low-cost loans after their service.

PINE BROOK, N.J. — As evidence against CU National Morgage Chief stacks up, Congress is ratcheting up the pressure to settle approximates $125 million is claims made by more than two dozen credit unions in the case.

CDCU Institute Announces New Graduating Class

Financial Stress Causing 'Crisis' In Retirement Plan

WASHINGTON — Credit unions of all sizes would be forced to deal with a greater compliance burden if the current version of a bill creating a Consumer Financial Protection Agency is passed.

WASHINGTON-Likely voters in competitive congressional districts strongly support the creation of a new consumer protection agency and dervivative trading reform according to a new poll.