WASHINGTON — The Senate was expected last week to pass a bill that would allow credit unions to stretch out the $5.9 billion payment for the corporate credit union bailout over seven years.

ALEXANDRIA, Va.-Credit unions around the country struggling with their share of the corporate credit union bailout are girding for other new write-downs for their shares in other troubled corporates.

MAY

SCOTTSDALE, Ariz. — When a CUSO sends e-mails directly to a credit union's members, does that help communication or create confusion?

WASHINGTON — As the Senate was poised to vote on a corporate stabilization bill, a group of credit union executives organized by credit union consultants Callahan & Associates began a petition drive asking Congress to withhold action on the corporate bailout until they hold hearings.

TEXAS CITY, Texas — AMOCO FCU has teamed up with a local TV station to make saving money the next big thing.

Editor's Note: Credit Union Retired Executives (CURE), a resource for free, confidential management advice, is offering Credit Union Journal readers a glimpse into its files for CU Journal's new "Advice from the Brain Trust" feature. CURE will select from among its user questions and publish the advice that was offered in response. CURE responses are put together by the group's think tank of retired credit union leaders.

President Obama wasn't able to make it to Credit Union Journal's Grow Show last week, but he would have approved of the "Yes We Can" mindset of the credit unions in attendance.

As technology shifts, more and more consumers are utilizing the Internet for financial services. That can be good for credit unions, but it also brings with it risks if not handled right at a time when one result of the economic downturn is consumers are re-examining every business relationship and demanding to see value.

It would be darned easy, almost expected, to let the power of leading a super-carrier simply become your management style. And yet one veteran military leader said he has learned giving orders is not the most effective way to lead.

On Feb. 5, 2009, I was privileged to participate in a planning meeting with one of the most progressive credit unions in the country. They are coming off a break-even year in 2008, and — as with the industry as a whole — they are now faced with the unexpected, and unprecedented, burden of the NCUA assessment.

WARMINSTER, Penn.-The Intelligencer published a letter to the editor from Freedom CU Chairman Joe Yerkes titled, "Banks Need to Stop Credit Union Fight."

Patelco Taps Kenneth Burns For CEO Post

LAKE JACKSON, Texas — Texas Dow Employees CU (TDECU) has launched an iPhone application at Apple's App Store, becoming the first credit union or credit union organization to offer an official iPhone application.

APPLETON, Wis. — Going against the grain and boosting marketing efforts during the recession has paid big dividends for Community First Credit Union as the $1.17- billion institution earned the third spot overall on Callahans' Return of the Member rankings. While many businesses slash marketing first to get their budgets in order during bad economic times, CEO Cathie Tierney, who spent most of her career in the marketing business, takes the exact opposite approach.

DALLAS — Their retirement funds slashed by massive market losses, workers in every field who previously were on the brink of retirement are rethinking those plans, sparking a variety of human resources and investment challenges.

SAN DIMAS, Calif. – WesCorp FCU, the troubled corporate credit union taken over by NCUA March 20, reported a gaping credit loss of $5.6 billion for the first quarter.

SAN DIMAS, Calif. – WesCorp FCU, the troubled corporate credit union taken over by NCUA March 20, reported a gaping credit loss of $5.6 billion for the first quarter.

BEAUMONT, Texas – Authorities are searching for a man who withdrew a quick $49,000 from DuPont FCU in a check scam after establishing membership last week.

NEWARK, N.J. – A federal bankruptcy court approved an order yesterday selling tens of millions of dollars in mortgage servicing rights held by CU National, a unit of U.S. Mortgage to a mystery company believed to be owned by one of the credit union customers.