MEMPHIS – LG&W FCU said it plans to build a 7,800-square-foot, single-story building here to serve as its new home.

WASHINGTON – Any chance that Congress would pass at least a portion of the credit union regulatory relief bill known as CURIA were dashed on Friday when House leaders announced they won’t seek an economic stimulus package when they return to Capitol Hill later this week for a brief "lame duck" session.

WASHINGTON – More than 110 banks submitted applications for an estimated $170 billion in funding by last Friday’s deadline under the Treasury’s Troubled Asset Relief Program, with dozens of other entities seeking assistance under the government’s bailout.

WASHINGTON – The credit union lobby was working last week to develop some kind of assistance package geared towards credit unions, after the Treasury Department effectively edged them out of its bailout plans under the Troubled Asset Relief Program, or TARP.

MERRITT ISLAND, Fla. – A 45-year-old paraplegic who allegedly robbed a Space Coast CU branch here Friday afternoon was arrested in a nearby parking lot minutes later after he stuffed the stolen credit union loot in a prosthetic leg.

The Treasury Department's decision to abandon its initial plan to buy distressed mortgage assets effectively cuts credit unions out of the $700 billion bailout, but the industry hopes that the National Credit Union Administration will offer an aid program of its own.

MANCHESTER, N.H. - CU Journal is joining with St. Mary's Bank and CO-OP Financial Services, to recreate the first credit union transaction 100 years later. "Nov. 24, 1908 is a special day for St. Mary's Bank, one we're proud to reenact for all to enjoy," said Ronald J. Rioux, CEO of St. Mary's Bank. "But we recognize and appreciate that the history we will be recreating belongs not just to St. Mary's Bank, but to every credit union in America."

WILMINGTON, Ohio - Wright-Patt Credit Union is concerned that DHL's pullout here is gong to affect more than just DHL workers here. The Fairborn, Ohio-based credit union, which has a branch in this market, fears the trickle-down following an expected large layoff that will affect local business and more members.

SPRINGFIELD, Ill. - Six credit unions received almost $83 million in new deposits from the state Treasurer's Office under a plan to infuse as much as $1 billion into Illinois banks and credit unions.

October Sees Nearly 85K In Home Foreclosures

ARLINGTON, Va. - While there's wide agreement the current economy has opportunities for credit unions, disagreement remains over how to best leverage it.

17 NY CUs Complete Hispanic Outreach Training Program

An article in the Nov. 10 issue of CU Journal that referred to about $200,000 in campaign funds raised for U.S. Rep. Paul Kanjorski (D-PA) should have said that amount was raised by CUs across the country and not just the Pennsylvania CU Association.

SAN FRANCISCO - Citing a need to lower the financial burden on member credit unions in the Golden and Silver States, the California and Nevada CU Leagues will reduce the assessment for their public advocacy programs by 83%.

SAN FRANCISCO - The presidential election now behind us, what might the next four years hold?

PAYSON, Utah - Dennis Dunn, CEO of Mountain High FCU, knows all too well the challenge faced by smaller credit unions in doing more with less.

Corporate One Selects Goldleaf

DALLAS - During Southwest Corporate's Economic Forum here, Credit Union Journal asked attendees: How has the credit crisis directly affected your CU? What about your lending volume? Answers varied widely depending on the responder's local market.

DALLAS - CUNA's Chief Economist Bill Hampel is offering up these predictions for credit unions through the end of 2009:

PLANO, Texas - One of the fundamental issues contributing to a troubled U.S. economy is consumers spending more than they earn. The statement was a recurring theme in Dr. Charles Idol's recent presentation at Southwest Corporate Federal Credit Union's 31st Economic Forum.