WASHINGTON – NCUA is working with key lawmakers to extend funding for the emergency loan fund, known as the Central Liquidity Facility, which is speeding towards a March 6 expiration date.

ST. PETERSBURG, Fla. – PSCU Financial Services said it is partnering with Member Loyalty Group LLC to help credit unions measure member loyalty.

HOMESTEAD, Penn. – Financial Advantage FCU said John Curdie III has retired as president and CEO and was succeeded by Helenann Kozminski.

PEARL RIVER, N.Y. – Palisades FCU said yesterday it is now offering members the ability to deposit checks electronically without a hold being placed on their checks.

FARMINGTON HILL, Mich. – Community Choice CU announced it is establishing a non-profit foundation with a goal of providing $1 million in scholarships between now and 2012.

ARLINGTON, Va. – NAFCU reported it had one of its best years financially in 2008, with net income of $427,000.

BEAVER, Penn. – State regulators charged a local CD broker for credit unions with operating a Ponzi scheme which allegedly defrauded two local credit unions out of almost $200,000 last month.

WHEELING, W.V. – NCUA on Friday liquidated $8 million Center Valley FCU, the second credit union failure of the year.

WEST ALLIS, Wis. – The proposed combination of Guardian CU and Prime Financial CU, which would have created the state’s 11th largest credit union, was called off Friday amid large losses reported by both Milwaukee-area credit unions.

PHOENIX – Arizona FCU, which reported a staggering $115.9 million loss last year, announced Friday it is closing four branches.

WASHINGTON – The credit union lobby appears to be coalescing around a proposal to shift the burden of the $5 billion corporate credit union rescue from the National CU Share Insurance Fund to the Central Liquidity Facility, which would stretch out the repayment of the plan and minimize the cost to credit unions.

ARLINGTION, Va.-NAFCU has named Mike Lussier chairman of its new corporate task force, formed in response to an NCUA plan to assess natural-person credit unions to help recapitalize U.S. Central Credit Union.

FRESNO, Calif.-Credit unions across the country are trying to push the industry's old stand-by: auto loans.

EAST LANSING, Mich.-Michigan State University FCU's move of its headquarters to a brand new, off-campus facility freed up enough space at the university to attract an IBM global delivery center, a development that is likely to generate, both directly and indirectly, about 1,500 jobs in the area.

40 CUs ID'd In Heartland Payment Systems Breach

ATLANTA-Credit unions with only a few or even just one SEG could be in particularly precarious positions as the nation remains in the grips of a nasty recession.

PHILADELPHIA-Rohm and Haas Employees CU plans to be aggressive as 900 of the affected workers at its primary sponsor are losing their jobs.

WASHINGTON-Both CUNA and NAFCU have proposed using funds from the Central Liquidity Facility to bolster the corporate credit union system.

WASHINGTON-Credit unions could step up to the plate to fix the problem themselves in a much less painful way by depositing up to $15 billion in the corporates, providing additional liquidity and obviating need to liquidate underwater assets - and realize all those as-yet unrealized losses - to cover any liquidity demands.

WASHINGTON-CUNA has suggested NCUA seek a portion of the funds that may - or may not - still be available under the Troubled Asset Relief Program (TARP) to help replenish the NCUSIF.