WESTMINISTER, Colo. – The proposed merger of SunCorp FCU into the much larger WesCorp FCU, one of a handful of corporate combinations hatched in 2007, continues to linger with NCUA, as investment losses continue to pile up at the two corporates.

ALEXANDRIA, Va. – Even with NCUA’s new plan to add liquidity to the troubled corporate credit union network, there are no illusions that the plan, the so-called CU System Investment Program, will solve the corporates’ ills, unrealized losses on their investments of more than $14 billion–and growing.

On Nov. 24, 1908, America's first credit union accepted its first deposits. One-hundred years later, on Nov. 24, 2008, in the same office, Credit Union Journal, along with CO-OP Financial Services and that first CU, St. Mary's Bank, re-created the chartering of a Caisse Populaire Ste. Marie, or St. Mary's Cooperative Credit Association, and its first transaction. Click on any of the attached videos for this entertaining and informative reminder of the roots of credit unions in the United States.

SALT LAKE CITY – The FBI is searching for a man they believe robbed Sheet Metal Workers CU twice in recent weeks.

MIRAMAR, Fla. – Eastern Florida Financial CU said it has raised $11, 400 for the year to help starving families in Haiti who were victimized in a series of catastrophes, starting in the spring by a food shortage, and later in the summer by several deadly hurricanes and tropical storms.

BELOIT, Wis. – First American CU will give away four tickets to the Green bay Packers, as well as Packers calendars as part of the opening of its newest branch here.

Omni Community CU sweetens annual rebate with chance to double cash-back reward

LAS VEGAS – Navy FCU, which has embarked on the most ambitious expansion plan for credit unions, said yesterday it has opened its latest branch here.

BOSTON – Metro CU, the city’s biggest credit union, has applied to state regulators to merge into it ailing Boston Globe Employees CU.

LANSING, Mich. – The state Treasurer’s office kicked off a new program Monday aimed at pumping as much as $150 million of low-rate deposits into the state’s credit unions and banks.

WASHINGTON – Plans by NCUA to use the emergency loan fund, known as the Central Liquidity Facility, as the lynchpin of a long-term rescue of the credit union system will be decided by Congress, soon after lawmakers return to Capitol Hill early next year.

LANSING, Mich. – Credit unions throughout the midwest, many of which are sponsored by automakers, will unveil a plan today to help General Motors by providing as much as $10 billion in low-rate loans to purchasers of GM brands.

WARRENVILLE, Ill. – Members United Corporate FCU, one of a handful of large corporates reporting surging losses, announced today it is laying-off 20% of its employees, including its President David Prieter, in order to reduce expenses and conserve cash.

WARRENVILLE, Ill. – Members United Corporate FCU, one of a handful of large corporates reporting surging losses, announced today it is laying-off 20% of it employees, including its President David Prieter, in order to reduce expenses and conserve cash.

ALEXANDRIA, Va. – NCUA announced this morning it hopes to aid the corporate credit union network by lending billions of dollar to natural person credit unions at a low rate that would be conditioned on the funds being deposited in their corporates.

ALEXANDRIA, Va. – NCUA announced this morning it hopes to aid the corporate credit union network by lending billions of dollar to natural person credit unions at a low rate that would be conditioned on the funds being deposited in their corporates.

HONOLULU – Hawaii State FCU said yesterday it plans to open its first branch on Maui, three days before Christmas.

SEATTLE – The Federal Home Loan Bank of Seattle reported that the diminishing value of its mortgage backed securities holdings pushed it back into the red for the third quarter, to the tune of $18.8 million.

MATHEWS, N.C. – An armed assailant failed to rob the driver of a cash truck yesterday morning as the driver arrived at Charlotte Metro CU.

MADISON, Wis. – Post Office CU said yesterday it will pay its members a bonus dividend for the 14th year in a row, a year-end payout of 4%, combined with a loan interest rebate.