SAN BERNARDINO, Calif. — When third quarter financials are finalized, the numbers for Arrowhead Credit Union will be "pretty rugged," thanks to a substantial increase in provision for loan losses in August.

ALEXANDRIA, Va. — NCUA last week predicted more losses for both corporate and natural-person credit unions, meaning additional charges are ahead to replenish reserves for the National CU Share Insurance Fund.

COLORADO SPRINGS, Colo.-Authorities have traced a credit card breach that has caused at least three large area CUs to reissue thousands of cards after hackers gained access to Cheers Liquor Mart's computer system last month.

MONTREAL, Quebec-Researchers, innovators, credit union CEOs, and the executive board from the Filene Research Institute met with executives from Canada's Desjardins Group here as part of a meeting called big.bright.minds.

ALEXANDRIA, Va.-NCUA is urging CUs to take advantage of the new Financial Education and Counseling (FEC) Pilot Program from Treasury's Community Development Financial Institutions Fund (CDFI Fund), which makes an additional $2 million in grant funding available.

NAFCU Webcast On Reg Z Compliance Issues

OCTOBER

WASHINGTON-CUs, under fire from a number of directions, were dodging a new bill last week that would require them to get members express approval-opt-in-for overdraft protection, and would set new limits on overdraft charges.

ALEXANDRIA, Va.-NCUA has called corporate credit unions representatives to a Nov. 5 meeting at its headquarters to discuss the continuing diminishment of capital in the corporate network.

WEST PALM BEACH, Fla. — Cyber criminals are smarter than ever, both in their technical prowess and their ability to con members into handing over confidential information. That's according to participants in an exclusive Credit Union Journal online-fraud roundtable.

I would suspect most credit union CEOs and senior managers feel there's no need to enroll in college again; if anything, they should be teaching a new generation about all the credits they have compiled in the School of Hard Knocks this year.

The three letters that appeared on page 10 of your Oct. 12 edition exhibit three completely different levels of understanding of the issue of alternative capital for credit unions.

The problem with document management for any system manager is, at a minimum, threefold: Ensuring that the correct data is retained; that it remains accessible without user productivity being affected; and that storage-management costs are kept under control.

ST. PAUL, Minn. – Deluxe Corp. reported a doubling in third quarter net income to $28.6 million amid a restructuring, even as sales from its core check business continued to slide.

NEW YORK – A federal judge last week gave final approval to a $336 million settlement of a lawsuit accusing Visa and MasterCard and several banks of conspiring to overcharge consumers on foreign currency transactions.

ST. PAUL, Minn. – A man who put a gun to the head of an employee at Heartland CU and robbed the credit union of $18,000 earlier this year was convicted last week of armed robbery charges and is headed to prison.

SANTA ROSA, Calif. – Redwood CU completed its 2009 United Way campaign, with a contribution of $77,894, exceeding its goal of $70,000.

RIVERDALE, Utah – America First CU contributed10 pallets of food -- about 12,000 pounds -- to the Utah Food Bank last week.

JACKSONVILLE, N.C. – Marine FCU has committed $100,000 to a national campaign aimed at providing scholarships to the children of Marines and Navy corpsmen.

CAPITOLA, Calif. – Bay FCU returned a modified van for the disabled son of a member that had been repossessed.