HARRISBURG, Penn. – Pennsylvania Gov. Ed Rendell signed on Friday legislation allowing the state to sell 47 acres of land in Susquehanna Township to Pennsylvania State Employees CU for a new home.

PASCAGOULA, Miss. – Police are warning south Mississippi banks and credit unions to be on the lookout for a check cashing scam.

WASHINGTON – The Senate, among its final acts before adjourning for its annual July 4th recess, confirmed Virginia banker and outspoken credit union critic Elizabeth “Betsy” Duke to a seat on the Federal Reserve Board.

TALLAHASSEE, Fla. – Credit unions and banks are being alerted to a new breach of credit card data that may have originated in an unnamed national restaurant chain.

NEW YORK–As credit unions descend on The Big Apple for America's Credit Union Conference, CU Journal Explores the unique needs the city's credit unions seek to fulfill. Click on the related links at right for coverage.

WASHINGTON – The Senate voted this afternoon to confirm Michael Fryzel as the new chairman of the NCUA Board.

WASHINGTON – The Senate voted this afternoon to confirm Michael Fryzel as the new chairman of the NCUA Board.

WASHINGTON - The House approved the regulatory relief bill for credit unions last week, but not before combining it with a bill for banks and thrifts.

FLINT, Mich. - Dort FCU is going head-to-head with online rivals such as ING with a new high-yield, self-service online account that has one very important thing the ING’s don’t: the credit union reputation.

GREENSBORO, N.C. - The nation’s corporate credit unions say they have ramped up communications with natural-person credit unions aimed at addressing any concerns over the state of their financial health.

SECU To Invest $1.1B In Student Loan Program

ALEXANDRIA, Va. - NCUA last week said the declining value of mortgage backed securities held by corporate credit unions has prompted it to reclassify membership capital share accounts as equity.

DES MOINES, Iowa - Credit unions have begun donating funds to help Iowa’s CUs recover from floods in the state. Iowa Corporate Central Credit Union donated $100,000 to the Iowa Credit Union Foundation’s Disaster Relief Fund after issuing a $50,000 matching grant challenge to the credit union community. The Foundation reported that with the donation, it has now received more than $220,000 in contributions to aid credit union members and employees affected by the flooding.

CEDAR RAPIDS, Iowa - While the recovery from flooding in Iowa, Indiana, Wisconsin and Illinois is far from over, and it is estimated damages will total in billions of dollars, credit unions in this state appear to have turned the corner. The Iowa Credit Union League reports that all 12 credit unions affected by the flooding are now offering members full services.

HOLLYWOOD, Fla. - Does your credit union have a “fee income committee?”

HOLLYWOOD, Fla. - A pilot program aimed at addressing one of the most vexing issues in credit unions–turning “indirect” members into longer-term relationships, has started to show promising results.

WASHINGTON - Congress was expected to ease a logjam on Bush appointments last week with the confirmation of a handful of nominees, including former Illinois regulator Michael Fryzel to be chairman of NCUA.

According to CUNA Mutual, the program being piloted by 13 CUs to turn indirect members into deeper relationships found:

First there was (and is) CURIA, and with it much hope and optimism and, naturally, lots of PAC money. And then there was (and is) CURRA, and with it there was tempered hope and semi-resigned optimism, but still, naturally, lots of PAC money. And now there is (and may be) CUBTRRA, which is about as easy to pronounce as it is to deduce whether credit unions should be pleased or pickled over it. Regardless, there is still expected to be lots of PAC money.

TALLAHASSEE, Fla. - The Florida and Alabama CU Leagues said they have entered into discussions about closer collaboration and even a potential merger.