ALEXANDRIA, Va. – The NCUA Board will begin efforts Thursday to plug a loophole in the agency’s regulations that could allow credit unions to avoid paying their share of the $6 billion corporate bailout by converting to private deposit insurance.

ALBUQUERQUE, N.M. – The New Mexico’s Secretary of State is teaming up with credit unions around the state to register voters.

RICHMOND, Va. – Gov. Tim Kaine unveiled a new payday loan program yesterday exclusively offered by Virginia CU, originally the state employees’ credit union.

ASHLAND, Ky. – A former loan officer at Bluegrass CU was sentenced last week to almost five years ib prison for stealing more than $165,000 from her employer.

BOULDER CITY, Nev. – The Boulder Dam Hotel, built in 1933 during construction of Hoover Dam, was closed last week for lack of financing, leaving Boulder Dam CU hotel part of the tab.

LENOX, Mass. – Greylock FCU has been chosen as one of two local institutions to arrange financing for an auction of the summer home of novelist Edith Wharton, known as the Gables.

WEST KELSO, Wash. – A robber who lined up employees of Fibre FCU and pepper-sprayed them in the face before escaping with a bag of cash was sentenced last week to 36 years in prison.

CLARK, N.J. – Aspire FCU said last week it has gone live with Integrated Media Management’s TotaleAtlasWeb remote signature capture and secure document delivery system.

THERMOPOLIS, Wyo. – Bank of Wyoming was closed Friday by state regulators, bringing the total number of failed banks this year to 53, the FDIC said.

TACOMA, Wash.– MilePost CU said Friday its members have approved a merger of the troubled $57 million credit union into Sound CU, the neighboring $420 million credit union.

SACRAMENTO, Calif. – The Golden 1 CU said Friday it is acquiring U.S. First CU, a $110 million credit union that reported a $3 million loss for the first quarter.

LENEXA, Kan. – Credit unions will have to wait longer still to close their books for 2008 because U.S. Central FCU said last week it still is not ready to issue its audited financials for the year.

SIOUX CITY, Iowa – A former branch manager for MetaBank pleaded guilty last week to selling more than $4 million of phony CDs to credit unions, banks and other entities and now the buyers want their money back.

SAN ANTONIO — Credit union branch managers across the country know what it is like to sit down with members who have lost jobs and are in fear of losing their cars and homes.

LIVONIA, Mich. — Invest in America has announced that the GM and Chrysler member discount programs have been extended through Dec. 31, 2009, according to the Michigan Credit Union League, which helped spearhead the creation of the program.

The following article, part of CU Journal's July 13 Bonus Content, is an extended version of the way it appeared in print.

WEST PALM BEACH, Fla. — A group of IBM employees sued IBM Southeast Employees FCU claiming their credit union should have known that bonds they were sold, purportedly to finance churches and other faith-based products, were really financing low-income housing and other speculative real estate projects.

The following article, part of CU Journal's July 13 Bonus Content, is an extended version of the way it appeared in print.

The following article, part of CU Journal's July 13 Bonus Content, is an extended version of the way it appeared in print.

RAPID CITY, S.D. — Two more CU members have filed suits against CUNA Mutual Group claiming it engaged in a pattern of deceit to prevent it from paying claims on credit disability policies they purchased at their credit union.