WESTERVILLE, OHIO - One of the storylines emerging from the failure of IndyMac Bancorp is the fact many large depositors stand to lose some or all of their balances above the FDIC-insured maximum of $100,000–but don’t put credit unions on that list.

LANSING, Mich. – Michigan state regulators last week issued a bulletin ruling that the sale of debt cancellation contracts and debt suspension agreements by credit unions and banks does not come under the state’s insurance statute and regulations.

HOUSTON – PrimeWay FCU said it has installed CallCopy solutions to enable it to record member phone interactions for legal issues and quality assurance.

BROOMALL, Penn. – Franklin Mint FCU recently held a grand opening for its newest branch in West Chester, its 25th branch service center.

CLEARWATER, Fla. – Achieva CU said its employees raised almost $39,000 which will be donated to two local charities, All Children’s Hospital and the American Cancer Society.

BELLINGHAM, Wash. – Whatcom Education CU said it contributed $10,000 to the Whatcom Hospice Foundation for its house project.

OMAHA, Neb. – A 62-year-old former vice president at First Nebraska Educators and Employee Groups CU yesterday was charged with stealing as much as $1.3 million in credit union funds.

ALBANY, Ga. – DOCO Regional FCU said it has completed the merger of ailing Traditions FCU, creating the largest credit union in south Georgia, with $125 million in assets.

NITRO, W.Va. – City officials here have opened a $200,000 line of credit with People’s FCU and at local Huntington Bank in case hard-pressed city coffers cannot accommodate payroll in the coming weeks.

WASHINGTON – With the mortgage crisis cutting off liquidity in many markets, several of the nation’s largest banks are turning to an unlikely source of new funds: credit unions.

PHILADELPHIA – In a decision that could have broad ramifications, a federal appeals panel this week overturned a lower court ruling that said Pennsylvania State Employees CU did not have standing to sue BJ’s Wholesale Club and Fifth Third Bank over a 2004 credit card breach that cost credit unions tens of millions of dollars to plug.

WEST VALLEY CITY, Utah – A seven-hour SWAT team standoff that began after a Premier Services CU was robbed ended late Tuesday night with three arrests in a residential neighborhood here.

BERLIN, N.H. – Guardian Angel CU has filed a lawsuit against a Midwestern bank claiming a former employee sold the credit union and other institutions phony CDs.

ALBUQUERQUE, N.M. – Kirtland FCU yesterday said it has installed Financial Industry Computer Systems’ in-house residential loan origination and servicing technology.

CORINTH, N.Y. – Hudson River Community CU has applied to state regulators to open two additional branches, in Cohoes and Hudson Falls.

PORTSMOUTH, N.H. – Northeast CU said it has joined the United Way of America’s “Pennies for Change” program, which allows members to automatically donate one penny for each Visa debit card transaction.

PHILADELPHIA – Employees of Philadelphia FCU are preparing to harvest the fruits of their summer, as well as their vegetables and herbs, all of which they planted in the yard of the credit union’s operations center.

CARBONDALE, Ill. – SIU CU yesterday said it has hired Dennis Schaefer, a long-time credit union executive, as its new president and CEO.

BETHPAGE, N.Y. – A check-kiting scam involving Bethpage FCU netted two women more than $100,000 after they deposited numerous bad checks then withdrew money before the checks bounced, according to police.

WALL STREET – Shares in Fannie Mae and Freddie Mac rallied yesterday, after securities regulators tried to rein in short sellers who had driven down shares in the two secondary mortgage market companies to all-time lows.