MADISON, Wis. - Among the other projects CUNA Mutual is piloting, according to CEO Jeff Post:

KENSINGTON, Md. - Lafayette FCU has filed a multi-million dollar lawsuit against its former CEO and his son for their alleged role in the credit union's ill-fated conversion to mutual savings bank, the latest in a series of moves aimed at exacting retribution for the conversion debacle.

NORTH ANDOVER, Mass. - In the wake of its conversion to a community charter, Merrimack Valley FCU has had to become an expert juggler, balancing the fears of its SEGs with the need to expand into the community and understand the cultural change that come with such an expansion.

Notes from CUNA Mutual CEO Jeff Post on company's 2006 financials:

NORTH ANDOVER, Mass. - In the wake of its conversion to a community charter, Merrimack Valley FCU has had to become an expert juggler, balancing the fears of its SEGs with the need to expand into the community and understand the cultural change that come with such an expansion.

WASHINGTON - CUNA reported that credit unions ended 2006 with a record amount of capital-11.4%, even as CUs around the country were giving away much of their reserves by the millions in year-end bonuses and extraordinary dividends.

MADISON, Wis. - Measuring credit card losses-at least those covered by CUNA Mutual Group's bond-has become something of a "chicken or the egg" question.

ONTARIO, Calif. - CO-OP Financial Services has created the Compromised Card Activity report to enable card issuing clients to review activity for at risk card numbers identified through Visa CAMS or MasterCard Alerts. The report, which is available in a password-protected section of CO-OP's website (www.co-opfs.org), is updated daily.

MADISON, Wis. - Five delegates from the Iowa Credit Union League spent a week in Panama to support the educational and lobbying initiatives of Panama's credit union league (COFEP) to establish credit union regulation. The visit grew out of the leagues' international partnership through World Council of Credit Unions.

ORLANDO, Fla. - Central Florida Educators FCU has created savings accounts to teach local foster kids how to save and learn about finances, a move the CU hopes might help grow its membership in the process.

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HARRISBURG, Pa. - Belco Community CU said it has joined the Cumberland County Economic Development Corp., the fourth lender to do so. The community development corp. will finance up to 40% of a qualified project, while the balance of the loan must come from conventional lenders. Other lenders in the program are Members 1st FCU, Orrstown Bank and F&M trust.

ROCKFORD, Ill. - When its employee-based membership began to shrink due to a corporate takeover, Generations Credit Union converted to a community charter. And that meant adding ATMs throughout that community to add new blood.

MADISON, Wis. - The number of remittances paid out in 2006 by World Council of Credit Union, Inc.'s (WOCCU) International Remittance Network (IRnet) increased by 30.8% over the previous year, totaling more than $480 million-up from about $384 million in 2005.

SAN ANTONIO - With credit unions being urged to leverage their "trusted relationships" with members and cash in on the "graying of America" by offering investment services, can it actually work in practice?

PHOENIX - Desert Schools Federal Credit Union has found itself in the middle of the rancorous national debate on immigration when local-and later national-media reports accused the credit union of marketing a savings account to illegal immigrants.

LAS VEGAS - Planning to launch a new lending product in 2008? Start planning now.

The Wichita Eagle did a story about Mid American Credit Union, Catholic Family Federal Credit Union and the Wichita branch of America's Christian Credit Union sharing branches. Marilyn Wells, Catholic Family Federal's president, said it's the only branch expansion option for her 4,000-member, $21.9-million institution. Mid American also has arrangements in place with Central Star Credit Union and First Choice Credit Union to do shared branching. "Once we can get this rolling a bit... this thing is going to start snowballing," added Wells.

CMG Mortgage Insurance Company, San Francisco, honored Joe Lynch at the MBA Conference as a future leader.