ALBUQUERQUE, N.M. – Sandia Laboratory FCU has provided a $3.2 million loan to help fund the expansion of Los Poblanos Historic Inn and Cultural Center in Albuquerque’s North Valley.

MOLOKAI, Hi. – A former teller for Molokai Community FCU pleaded guilty Friday to embezzling $218,293 from the credit union by taking cash from teller’s drawers during a three-year period.

WASHINGTON – Regulator on Friday shut down another seven banks, making 106 failures, the most since 1992. during the end of the S&L crisis.

MARKS, Miss. – NCUA said Friday it has taken under conservatorship First Delta FCU, a one-time $7.5 million community development credit union pushed into insolvency by a $1.5 million embezzlement by one of its employees.

LAS VEGAS – Friday’s failure of Cumorah CU, the third Nevada credit union to fail in the past month is the latest indicator that the most difficult economic environment in the country has moved here from southern California.

LAS VEGAS – State regulators late Friday closed down Cumorah CU, a one-time $210 million institution and the third credit union in the state to fail in recent weeks.

WASHINGTON – Republican members of the House Financial Services Committee failed in try after try yesterday to water down or even kill legislation to create a Consumer Financial Protection Agency, with Democratic champions of the new agency determined to bring the bill to a committee vote today, before sending it on to the full House for a vote.

ALEXANDRIA, Va. ¨C NCUA said yesterday it won¡¯t be selling troubled mortgage-backed securities held by U.S. Central FCU and WesCorp FCU into the Treasury¡¯s toxic asset program because it would require those corporates to realize billions of dollars of losses on the MBS.

WASHINGTON ¨C The House Financial Services Committee approved a bill creating a Consumer Financial Products Agency yesterday and sent the major component to what is expected to be a broad regulatory reform package to the full House for a vote.

PALO ALTO, Calif. – Addison Avenue FCU has installed Saba’s OnDemand management software.

LAUREL, Md. – Tower FCU raised a total of $25,000 for the Johns Hopkins Children's Center in Baltimore, and the Children's Miracle Network during its 27th annual Tower Classic Golf Tournament.

McLEAN, Va. – Long-term mortgage rates tipped slightly upwards this week, with the benchmark 30-year rate hitting 5% again.

SUITLAND, Md. – Andrews FCU awarded one of its members the grand prize in its Auto Acceleration Sweepstakes, a $500 gas card and a chance to win $25,000.

BROCKTON, Mass. – HarborOne CU has implemented Network Equipment Technologies’ VX Series switch to extend the capabilities of its Voice Over Internet Protocol-VoIP-enabled, multi-branch environment.

GARY, Ind. – NCUA yesterday approved the conversion of US#1364 FCU, a $62 million credit union base din nearby Merrillville, Ind., representing steel workers in nearby Gary, to a community charter serving 650,000 residents in surrounding Lake and Porter counties, in Indiana.The credit union, based just outside of Cook County, Ill. (Chicago), has been hart-hit by the problems in the steel industry in nearby Gary, which was once one of the centers of the industry in the midwest.

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

IRONDALE, Ala. – Corporate America CU filed suit in state court this week against officers and directors of U.S. Central FCU claiming securities fraud in the sale of so-called paid-in-capital II. to U.S. Central’s corporate members.

JACKSONVILLE, Fla. – Fidelity National Information Services, fresh off its latest acquisition, said yesterday that lower interest on its debt countered lower revenues and helped fuel a 55% surge in third quarter net income, to $67.6 million.

ATLANTA – Credit bureau Equifax said yesterday it has agreed to acquire IXI Corp., a McLean, Va., collector, analyzer and provider of wealth and asset data for $124 million in cash.

ALLENTOWN, Penn. – Two men were sentenced to prison Tuesday for their roles in a 2007 armed robbery at First Class FCU when they pistol-whipped the president of the credit union before making off with almost $70,000.