SANTA ROSA, Calif. – Redwood CU said its Redwood CU Insurance Services CUSO has launched a premium financing program last week, allowing small businesses the ability pay insurance costs over time.

WARREN, R.I. – -The state’s largest family owned shoe store was granted the guaranteed small business loan, which was provided by Coastway CU.

VIRGINIA BEACH – The former finance manager at a subprime auto dealer was sentenced yesterday to 33 months in prison for his role in a $1.1 million indirect loan scheme.

SAN FRANCISCO – Patelco CU, the nation’s tenth largest credit union, announced last night it has hired Kenneth Burns, the president of $1.3 billion Technology CU, in nearby San Jose, as its new president and CEO.

MIRAMAR, Fla. – In the latest effort to combine two credit unions with losses, Space Coast CU announced yesterday it has agreed to acquire the failed Eastern Financial Florida CU to create the state’s third largest credit union and one of the largest in the nation.

MIRAMAR, Fla. – NCUA is expected to announce a deal as soon as today that would allow Space Coast CU to acquire the failed Eastern Financial Florida CU, the venerable old airline employees credit union that ran afoul of the state’s real estate bust.

MIRAMAR, Fla. – NCUA is expected to announce a deal as soon as today that would allow Space Coast CU to acquire the failed Eastern Financial Florida CU, the venerable old airline employees credit union that ran afoul of the state’s real estate bust.

VANCOUVER, Wash. – The annual Oregon and Washington CUs for Kids Wine Auction raised $157,000 on April 17.

ATTLEBORO, Mass. – Two suspects20charged in last week’s robbery at Goldmark FCU are believed to have been involved in the prior week’s hold-up at Navigant FCU.

DEER PARK, Texas – Associated CU has broken ground on a new 30,000 square-foot office project, which will house 150 of the $250 million credit union’s employees.

DALLAS – Kappa Alpha Psi FCU, the country's first "virtual credit union," was recently awarded a $500 Making a Difference grant from the Texas CU League to provide financial literacy and credit counseling to youth in Plano, Texas.

AUGUST, Me. – CUSO Mortgage Corp. and Primary Mortgage Corp. have agreed to combine to offer mortgage services to credit unions.

SACRAMENTO, Calif. – The $2 billion charge for the failure of WesCorp FCU that is trickling through credit unions in California and Nevada couldn’t have come at a worse time, as the economy in these two hard-hit Sand States continues to decline.

WASHINGTON – The FDIC on Friday seized four more banks–in Georgia, Michigan, California and Idaho--making a total of 29 bank failures so far in 2009.

EUGENE, Ore. – In one of the first signs of the collateral effects of the corporate bailout, Oregon Community CU announced Friday plans to close down all four of its Portland branches, ending five years physical presence in the state’s biggest city.

MIRAMAR, Fla. – A team from NCUA and as many as 10 senior managers from Space Coast CU were speeding here over the weekend to try to save Eastern Financial Florida CU, the state’s third-largest credit union that was taken over on Friday.

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.

MIRAMAR, Fla. – NCUA said this afternoon it has assumed control of Eastern Financial Florida CU, the once high-flying airlines credit union that lost $114 million last year.

MIRAMAR, Fla. – NCUA said this afternoon it has assumed control of Eastern Financial Florida CU, the once high-flying airlines credit union that lost $114 million last year.

SEATTLE-A twist on the usual electronic birthday card will help educate young credit union members and their parents at the same time.