LENEXA, Kan. – In an effort to build long-term capital, U.S. Central FCU is notifying its corporate credit union members it is converting about $410 million of member capital share accounts to permanent capital known as paid-in-capital.

WASHINGTON – NCUA Chairman Michael Fryzel called on the Treasury Department yesterday to adhere to the original intent of the $700 billion bailout plan, the purchase of distressed mortgage assets from banks and credit unions, and not abandon the assets purchase plan altogether, as Treasury proposed on Wednesday.

WASHINGTON – In a major departure from the organized credit union lobby, the leading figure among community development credit unions joined consumer advocates yesterday in calling for reform of bankruptcy laws to restructure millions of at-risk mortgages.

BIRMINGHAM, Ala. – A man wearing an orange ski mask took the security guard's gun at America's First CU, then used the gun to rob the credit union yesterday morning.

BURTON, Mich. – The former executive vice president with ELGA CU, who laundered $109,000 of phony checks he wrote through his account with the Boy Scouts, was barred fro the credit union and bank industry, NCUA said yesterday.

HOUSTON – Smart Financial CU said it raised more than $12,000 through it tenth annual golf tournament which will be used to finance the credit union’s Ruby Sue Clifton Scholarship Program.

SUPERIOR, Wis. – Superior Choice CU announced yesterday it has licensed the GoodMoney payday loan program created by Prospera CU.

BALTIMORE – Municipal Employees CU said yesterday it has signed with Fidelity National Information Service to deploy the company’s MISER platform as its core processing solution.

OKLAHOMA CITY – Tinker FCU has launched a new website at BuckTheNorm.com to tap into the Gen Y market by providing money management advice to young adults.

ALEXANDRIA, Va. – NCUA said yesterday that a federal credit union may recoup waived settlement costs and fees associated with making a member business loan without it being considered a prohibited prepayment penalty.

RALEIGH, N.C. – Local Government FCU launched an initiative at boosting the local credit markets with a pledge to buy up to $50 million in bonds issued by municipalities and local governments.

WASHINGTON – Pressure continued to mount yesterday for a credit union-centric assistance program after the Treasury Department abandoned its plans to use the $700 billion bailout funds to buy distressed mortgage assets.

WASHINGTON – Treasury Secretary Henry Paulson, who spurred Congress to approve the purchase of up to $700 billion in distressed mortgage assets last month, said yesterday Treasury has instead shifted its focus to assisting non-bank financial institutions and will not buy mortgage assets after all.

WASHINGTON – Treasury Secretary Henry Paulson, who spurred Congress to approve the purchase of up to $700 billion in distressed mortgage assets last month, said yesterday Treasury has instead shifted its focus to assisting non-bank financial institutions and will not buy mortgage assets after all.

ONTARIO, Calif. – CO-OP Financial Services announced yesterday it has signed with Transaction Network Services' to use the company’s high-speed TNSLink solution for more than 1,000 of its ATMs.

HOUSTON – Cardtronics said this week it will add money transfer services and electronic bill payment services through MoneyGram International and Express Payment to 2,250 of its Vcom self-service kiosks at 7-Eleven convenience stores.

BELLINGHAM, Wash. – Whatcom Educational CU said it donated $10,000 to the Ershig Assistive Technology Resource Center at Western Washington University.

NASHVILLE, Tenn. – St. Thomas Employee FCU mailed out 83 green Christmas Club checks totaling more than $72,300 last week.

WOODLAND, Calif. – Yolo FCU announced it is partnering with Talbott Corp. and groSolar to offer special loans to for members to finance photovoltaic systems for their homes.

TUMWATER, Wash. – O Bee CU announced yesterday it is offering a new low 6.90% rate on a new credit card called The ONYX.