The oldest trick in the Charter Conversion Bible is the multiple references to the pending land of Milk & Money. What goes unsaid is, indeed, there will be prosperity: just not for everyone.

CRA is the societal standard, and the true test is in our action. Unless we begin to exam our own sense of historical identity and hold ourselves accountable for our own performance, we can be assured that society will.

Bravo to Corporate America CU in suing U.S. Central. Finally, some natural person credit unions will be represented by their Corporate credit union in prosecuting these corporate pseudo-intellectuals.

Although former CEOs do in some cases take a seat on their former boards — and some of these transitions prove to be successful — there are many more stories of these transitions proving to be negative, especially when someone asks the new CEO.

MERCED, Calif. – Officials and members of Merced Schools FCU last week were mourning the death of Robert Wayne, the 86-year-old community activist who co-founded the now $370 million credit union in 1954.

SUITLAND, Md. – Andrews FCU said it has opened a new branch located in nearby Mt. Laurel, N.J.

ALAMAGORDO, N.M. – Otero FCU is planning to build new offices, a two-story building that will provide the $210 million credit union with 22,000 square-feet of space.

BELLINGHAM, Wash. – Whatcom Community CU donated $14,150 to more than ten local non-profits under its annual Social Responsibility program.

WEST PALM BEACH, Fla. – In another sign of the economic downturn in south Florida Evangelical Christian CU, the California credit union that specializes in financing churches, has filed a foreclosure notice on Summit Christian School of Palm Beach County.

ALBUQUERQUE, N.M. – Local developer Vince Garcia has agreed to a foreclosure by First Financial CU on Copper Square, the downtown Albuquerque building he bought in 2007 with plans of turning the one-time historic hotel into an office condominium building, according to court papers.

ATLANTA – First Data Corp., the nation’s largest payments processor, reported Friday that financing charges connected to its $27 billion buyout by Kohlberg Kravis Roberts & Co. two years ago continue to weigh heavily on its profits and created a $288.9 million third quarter loss.

WASHINGTON – Despite falling home prices, Fannie Mae and Freddie Mac will retain the same conforming loan limits for 2010, the companies’ federal regulator said last week.

DENVER – Bellco CU agreed to pay $57,250 to a former teller to settle an age discrimination suit brought by the U.S. Equal Employment Opportunity Commission just before a scheduled start of a jury trial in the suit.

NEWARK, N.J. – Prosecutors have delayed sentencing for U.S. Mortgage/CU National Mortgage chief Michael McGrath from the end of this month until February while they negotiate guilty pleas with alleged co-conspirators in the $140 million theft of credit union funds.

WASHINGTON – Regulators shut down two south Florida banks and one in California Friday, raising the total number of bank failures to 123 for 2009.

LAS VEGAS – Texas credit union giant EDS CU, soon to be known as InTouch CU, picked up a potentially valuable franchise with its agreement to acquire the 8,000 member accounts and four branches of Ensign FCU, one of a growing number of large out-of-state credit unions picking over the troubled credit union carcasses here.

HENDERSON, Nev. – NCUA took over failed Ensign FCU Friday night and assigned the remnants of the one-time $135 million credit union to EDS CU of Plano, Texas.

RALEIGH, N.C. – Representatives of State Employees’ CU joined local officials for the groundbreaking of an expansion of the SECU House at Kitty Askins in Goldsboro, N.C., which was funded by a $750,000 grant from the SECU Foundation.

LOMPOC, Calif. – Students at Lompoc and Cabrillo high schools squared off Wednesday in a taco eating contest hosted by Coast Hills CU to kick off festivities culminated in their annual football game.

AVONDALE ESTATE, Ga. – Peach State FCU deployed the online compliance training system from Edcomm Banker’s Academy.