FITCHBURG, Mass. – IC FCU said Friday it has hired Anthony Cali, former president of nearby Clinton Savings Bank, as its new president and CEO, succeeding Norm Boudreau, who retired last month after more than 40 years with the credit union.

WASHINGTON – Even with Congress approving the massive government bailout of the financial markets last week, the credit union lobby was making a final pitch for its regulatory relief package.

BLOOMINGTON, Ill. – A state court refused last week to tie the foreclosure of a troubled $9 million condominium project financed by CEFCU to a lawsuit between developers of the project.

DALLAS – At least two Texas credit unions have been taken to task by regulators in recent weeks for running ads that suggest that their deposits are safer than those in local banks.

SEATTLE – With inflation in mind, Seattle Metropolitan CU will be offering–not a penny--but $10 to passers-by today for their thoughts.

WASHINGTON - Congress was poised last week to pass the massive bailout of the mortgage markets to allow the U.S. Treasury to buy up to $700 billion in distressed mortgage securities from banks and credit unions, but only after sweetening the proposal with billions of dollars in tax breaks.

WASHINGTON - More corporate credit unions reported last week that losses on their mortgage securities continued to increase, just as Congress was debating a plan to buy distressed mortgage assets.

BAXTER, Minn. - Concern over financial institution stability has prompted Mid Minnesota FCU to introduce the "Safety and Soundness CD," a 13-month offering that paid 3.75% APY at press time and had attracted $300,000 in its first two days.

SACRAMENTO, Calif. - A data security bill supported by the California Credit Union League has been vetoed by Gov. Arnold Schwarzenegger.

NEW YORK - As the nation continues to shudder at the upheaval in the financial system, some analysts are suggesting there is the proverbial silver lining for providers such as credit unions, if they can leverage the significant window of opportunity to make real inroads in their marketshare.

TALLAHASSEE, Fla. - With examiners on record that member business lending will be scrutinized (CU Journal, April 18), leaders of CUSOs that specialize in MBLs said they are finding regulators' focus is on loan participations, loan monitoring, and simply poor underwriting practices.

Manager Commits Suicide After Possible Theft

WASHINGTON - NAFCU last week rebuffed any talk of plans to merge with CUNA and form one national credit union trade association.

ALEXANDRIA, Va. - The fact that deposits at most credit unions are federally insured are being featured in an advertising campaign set to appear in newspapers around the country, beginning last week with USA Today.

Int'l CUs Get Update On U.S. Economy

SAN ANTONIO - San Antonio FCU (SACU) said that its subsidiary, CU Factory Built Lending L.P., will be brought in-house as a new division. CU Factory Built Lending, a SACU subsidiary since 2004, provides and services manufactured home loans for credit unions. "Be assured, our CUFBL Division and SACU continue their dedication to manufactured housing lending, and we will provide the same exemplary service that its clients and members have come to expect," said CEO Jeffrey Farver.(c) 2008 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved.http://www.cujournal.com/ http://www.sourcemedia.com/

Ellie Mae, First American Partner

LANSING, Mich. - To manage risk in an economy that's turned even tougher, credit union CFOs say they are further scrutinizing credit quality and lending policies, as well as seeking out ways to access and better manage liquidity.

Should CUNA and NAFCU merge? Would credit unions be better represented in Washington by a CUNAFCU or a NAFCUNA?

NEW YORK - The former deputy superintendent of banks for the New York State Banking Department's Consumer Services Division has a warning for CUs: strict new regulations are on the way.