ALEXANDRIA, Va. – NCUA said last week corporate credit unions may not pay lower dividend rates on member capital accounts owned by members that gave their three-year notice for withdrawal.

WALLINGFORD, Conn. – Constitution Corporate FCU said yesterday more losses in September erased all of its remaining member capital, requiring NCUA to provide it with special assistance.

WASHINGTON – Congress is looking into the massive fraud committed by U.S. Mortgage/CU National Mortgage through Fannie Mae, ratcheting up the pressure on the mortgage giant to settle approximately $125 million in claims more than two dozen credit unions have in the case.

WASHINGTON — Fannie Mae has given more than three dozen credit unions until next week to accept an offer of pennies on the dollar for some $125 million of their mortgages that defunct U.S. Mortgage/CU National Mortgage fraudulently sold to Fannie.

DUBLIN, Ohio — As the number of Nevada CUs posting big losses continues to rise, attention turns to the nation's largest provider of private share insurance and its ability to absorb potentially large losses in this state and across the country.

LAKE BLUFF, Ill. — As banks continue to garner bad press on unfair credit card practices, a site has been created to differentiate and highlight credit union credit card programs.

WASHINGTON — Improving economic activity was not enough to budge the Federal Open Market Committee on interest rates as it held its target rate of zero to 25 basis at its meeting last week.

LIVONIA, Mich. — Having pulled its Credit Union Cash program in late summer, Chrysler is back with an Invest in America discount for CU members.

Self-Help CU Acquires Carolina Mountains CU

November

WASHINGTON-The main credit union lobby organizations joined the bankers to fight off a bill backed by the consumer groups that would set strict new limits on overdraft protection programs.

WASHINGTON-The FDIC recently shut California National Bank of Los Angeles and eight smaller related banks in California, Illinois, Texas and Arizona last week, making a total of 115 bank failures so far in 2009.

ORLANDO, Fla. — With Congress considering a bill that, as currently written, could cut an important revenue stream by 75%, overdraft protection reform has moved from the CU backburner to the hot seat.

TruHome Solutions recently announced the appointment of Sherri Smith as its new VP-sales.

LOS ANGELES-The Los Angeles City Council recently approved a plan to create so-called Banking Development Districts that will provide credit unions and banks with guaranteed municipal deposits and council district discretionary fund deposits, property tax breaks and fast-track land use approval for institutions that open branches within a district.

FLINT, Mich.-Dort FCU, which typically pays a big special dividend or makes some other grand gesture for the holidays, is giving away two homes it acquired through foreclosure.

ST. PAUL, Minn.-An elusive robber who may have robbed as many as many as six area financial institutions was arrested after allegedly holding up the Wakota FCU in South St. Paul. Steven Olson, 47, of South St. Paul-known as the "Bandana Bandit" for his choice of disguise-confessed to robbing the credit union and at least five other area institutions, police said. Olson was captured in part because a customer using the credit union ATM saw the robbery and followed him.

MADISON, Wis.-The former CEO of Rapids Municipal CU was found dead inside his car last Monday night, an apparent suicide, hours after he missed a court hearing where he was scheduled to plead guilty to embezzling $645,000 from the now-defunct CU. David Henke failed to appear for a plea hearing in U.S. District Court in Madison, so the judge issued a warrant for his arrest. Officers went to the 51-year-old former CU executive's home and found Henke dead inside the vehicle, police said. The county coroner ruled the death a suicide. Henke was charged with depositing CU funds into members' dormant accounts then draining the funds and also converting CDs held by deceased members for his own use. The scheme was only uncovered after the $8-million CU that served employees of the city of Wisconsin Rapids, Riverview Hospital, Family Heritage Nursing Home and the Wisconsin Rapids School District, was merged into Bull's Eye CU.

SACRAMENTO, Calif. — Credit union movement: meet The Golden 1 Credit Union's "Self Improvement Movement." Its goal: support employees' health and wellness efforts while at work.

A look at statistics from The Golden 1's "Self Improvement Movement."