ALEXANDRIA, Va. – NCUA said yesterday the $3.2 billion of losses reported by credit unions was almost all related to costs associated with the corporate credit union bailout.

ALEXANDRIA, Va. — Buffeted by the costs to bail out U.S. Central FCU and WesCorp FCU and the spreading recession, credit unions had their worst quarter ever in the first three months of the year, according to data released by the NCUA yesterday.

LAS VEGAS – Credit unions here got their first chance to meet with the acting CEO of WesCorp, which was placed into conservatorship by NCUA earlier this year, and to get an update on what the corporate is doing to right the ship.

WASHINGTON – Commercial banks and thrifts insured by the FDIC reported net income of $7.6 billion in the first quarter of 2009, a decline of 61%, from the $19.3 billion that the industry earned in the first quarter of 2008.

MILLERSVILLE, Md. -- An article in the May 27 CU Journal Daily Briefing incorrectly stated a teller sentenced to 18 months in jail for stealing member funds worked at Anne Arundel County Employees FCU. She did not.

PORTLAND, Ore. – A man in downtown Portland used a taxicab to get away after robbing a Northwest Resource FCU branch Tuesday morning.

MONETT, Mo. – Jack Henry & Associates said its ProfitStars unit and Pitney Bowes are joining to market and support ProfitStars’ Remote Deposit Capture solution.

BOSTON – The Federal Home Loan Bank of Boston announced the hiring of Edward Hjerpe, who served as a senior executive at the Boston FHLB for seven years, to be its next president and CEO.

RALEIGH, N.C. – State Employees CU said its SECU Foundation has contributed $200,000 to the Mitchell County Courthouse Foundation for renovations to the historic courthouse.

HARKER HEIGHTS, Texas – Navy FCU continues to set a new footprint with plans to open a new branch here Monday, the eighth in Texas and 177th overall for the $40 billion credit union.

OAKLAND, N.J. – Paragon FCU's Aero Club, a program that uses remote-controlled model airplanes to foster student interest in science, takes off again on Friday at Valley Middle School.

SACO, Me. – PeoplesChoice CU announced yesterday it has joined the CO-OP Network, the credit union-owned ATM network.

EAST HARTFORD, Conn. – A member of American Eagle FCU won $10,000 in the credit union’ ‘What would you do with 10K’ contest, which she will use to return to her native Switzerland.

BARTLESVILLE, Okla. – 66 FCU said it has signed with Silver Peak Systems has implemented the company’s NX appliances for Wide Area Network acceleration.

SAN DIMAS, Calif. – The annual report issued by WesCorp FCU last week shows losses so steep that the 1,020 credit union members have virtually no chance of recovering anything on their $2 billion of capital in the failed corporate credit union.

ALEXANDRIA, Va. – Buffeted by the costs to bail out U.S. Central FCU and WesCorp FCU and the spreading recession, credit unions had their worst quarter ever in the first three months of the year, according to data released by NCUA yesterday.

SAN BERNARDINO, Calif. – Auto repossessions have been piling up so high at Arrowhead Central CU that the credit union has opened its own used car lot to sell the used vehicles.

MT. LAUREL, N.J. – Hedge fund Pennant Capital Management has wratcheted-up its proxy contest for seats on the board of mortgage bank PHH Corp., with two candidates it hopes will unseat both the company’s chairman and its CEO.

SUFFOLK, Va. – Two men caught red-handed when the dye pack exploded in the cash they stole from Bayport FCU apparently converted thousands of dollars of the ink-stained money into coins at local businesses.

FAIRFAX, Va. – Students, teachers and staff at Osbourn Park High School rallied this April to out-save their cross-town rivals at Stonewall Jackson High School in Apple FCU’s annual ‘Save the Pig’ savings competition.