Gesa Credit Union, Richland, Wash., named Christina Brown CEO.

Is your credit union seeing any fallout from the problems in the subprime mortgage market, and what are your expectations for your credit union in the fourth quarter?

45-Year CU Veteran Retires

RICHMOND, Va. - A private equity fund known as Pirate Capital, which has been trying to raid venerable cash carrier Brinks Co., is under attack by its own investors.

CAMBODIA - Two field staff representing the World Council of Credit Unions are now on the ground and the first two of seven new credit union buildings are under construction in Cambodia.

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VIENNA, Va. - Members get automated phone calls from Navy FCU here if there's fishy activity on their credit and debit cards, and soon they're likely to get e-mail or text messages to verify transactions as well.

Mobile Payments On Verge

DEFIANCE, Ohio - In response to the needs of members whose homes flooded last month in Ottawa, Ohio, Midwest Community Federal Credit Union here has offered unsecured deferred-interest loans to help those affected cover the costs of rebuilding.

Some may think that blurring the lines between credit unions and other lenders is good for credit unions, while others can argue that becoming more like a bank without providing distinct benefits to members will eventually dilute the credit union uniqueness and ultimately cause credit unions to face a new and serious set of challenges.

SANTA CLARA, Calif. - KeyPoint Credit Union is now offering free worldwide mobile banking that allows members to use cell phones, smart phones and PDAs to access accounts.

DALLAS - Southwest Corporate FCU said it had its disaster recovery systems checked for reliability by a new service offered by Double-Take Software. The Southborough, Mass., company has introduced a new recovery consulting service that will gauge and monitor for disaster recovery and VMware installation. Southwest Corporate said Double-Take's Health Check monitored for compliance and helped confirm its disaster recovery systems are ready for an emergency. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com

FT. MYERS, Fla. - NCUA is in high-level negotiations to resolve the growing liability on Florida real estate loans it inherited from three failed credit unions, according to sources familiar with the talks.

LANSING, Mich. - NuUnion CU has implemented Proofpoint Inc.'s Messaging Security gateway to protect its communications systems from Spam and viruses, while preventing security breaches.

SAN ANTONIO - Performance Adventures CEO George Pavelek defined a "qualified process" as having three criteria: the output always conforms to the member's requirements, the process owners have identified their most effective means of yielding the output, and, the process owners believe external benchmarking is necessary to improve performance.

RANCHO CUCAMONGA, Calif. - A recent court ruling could have credit unions and other auto lenders doing business in this state spending time in court defending their repossession policies, according to the California CU League.

WASHINGTON - NCUA Chairman JoAnn Johnson said last week the regulator will continue its efforts to bring greater transparency to credit unions, even in the face of overwhelming opposition from credit union executives.

At press time, the number of co-sponsors on the CURIA bill. 217 are are needed to have a majority. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com

TALLAHASSEE, Fla. - Democratic Presidential candidate and Illinois Sen. Barack Obama told credit union representatives here he is s strong supporter of the CU cause. The Florida Credit Union League's Director of Legal Affairs Andy Price, Director of Legislative Affairs Mark Landreth, and SVP-Administration Cassandra Grayson, were on hand for a dinner and reception hosted by the Leon County Democratic Executive Committee. After Landreth identified himself as a representative of Florida credit unions, Sen. Obama commented that he loves credit unions and that he worked very closely with the Illinois credit unions on initiatives that are near and dear to both their hearts. (c) 2007 The Credit Union Journal and SourceMedia, Inc. All Rights Reserved. http://www.cujournal.com http://www.sourcemedia.com

SAN ANTONIO - Education CU CEO Gregg Bynum said his CU used the performance improvement techniques it learned from Performance Adventures to change its new account process. He said the CU identified its critical work processes and decided the account opening procedure was most important.