SAN DIEGO – CUSO Financial Services LP said yesterday it has distributed a $4 million dividend to its credit union limited partners, making a total paid out this year of $8 million.

AUBURN, Ala. – Auburn University FCU announced yesterday the opening of its new offices, which include a full service branch, located a quarter-mile from campus.

TEXAS CITY, Texas – Amoco FCU is the latest credit union to launch a savings contest, offering four families a chance to win up to $20,000.

DURHAM, N.C. – The North Carolina Minority Support Center, an organization supporting low-income credit unions, announced yesterday it is providing a $3.7 million in grants to its affiliated community development credit unions.

ALEXANDRIA, Va. – NCUA is apparently unenthusiastic about a CUNA plan that would fund a bailout of troubled credit unions through the National CU Share Insurance Fund, but another proposal is being floated to finance the initiative.

The National Credit Union Administration is expected to announce a plan over the next few days to help rescue corporate credit unions from unrealized losses on their vast securities portfolios by allowing the corporates to borrow from agency’s emergency loan fund, the Central Liquidity Facility.

GRAND JUNCTION, Colo. – A former teller at Coloramo FCU was charged Friday with stealing almost $25,000 from the credit union.

PHILADELPHIA – An ATM cash supplier who embezzled almost $500,000 from Lock Haven Area FCU and pushed the credit union into insolvency, has sentenced last week to four years in prison.

COLUMBIA HEIGHTS, Minn. – The former president of First Community CU, who prosecutors said used the institution as his own "piggy bank," was sentenced Friday to 21 months in prison after pleading guilty to embezzling more than $250,000 from the institution.

LANSING, Mich. – The Michigan CU League said Friday it is relocating its offices here form nearby Northville.

CHARLESTON, S.C. – CPM FCU celebrated the opening of its newest branch in nearby Easley last week with a $3,000 to Easley High School.

LAWRENCE, Mass. – Merrimack Valley FCU continued its support of the YMCA's annual Reach Out for Youth and Families' with a $10,000 donation to the campaign.

RICHLAND, Wash. – HAPO Community CU announced last week one lucky member was the recipient of $5,000 as part of its Home for the Holidays Sweepstakes.

SACRAMENTO, Calif. – The Golden 1 CU gave away a one-acre plot and house here in foreclosure to Habitat for Humanity.

HARTFORD, Conn. – The Department of Banking announced Friday it closed the troubled West Hartford CU and the one-time $8.5 million credit union was put under receivership of NCUA, which will liquidate the 58-year-old institution.

WASHINGTON – In a tradition practiced by only the best-funded interest groups, CUNA began making tens of thousands of campaign contributions to candidates it had opposed in the recent congressional elections, in the days after the ballots were counted.

ALEXANDRIA, Va. – NCUA is expected to announce a plan over the next few days to help rescue the corporate credit unions from unrealized losses on their vast securities portfolios by allowing the corporates to borrow from agency’s emergency loan fund, the Central Liquidity Facility.

The National Credit Union Administration's Inspector General's Office concluded that both the federal regulator and Michigan's credit union supervisor were lax in their oversight of a failed institution, and that the NCUA should step up its efforts to monitor state-chartered credit unions.

RALEIGH, N.C. – State Employees CU is expected to announced later today a new commitment to invest another $500 million in the state’s student loan program, making a total of $1.6 billion pledged this year to fund educational loans.

RALEIGH, N.C. – State Employees CU is expected to announced later today a new commitment to invest another $500 million in the state’s student loan program, making a total of $1.6 billion pledged this year to fund educational loans.