Greater Minnesota CU, Mora, named Scott Moe assistant vice president of lending.

ALEXANDRIA, Va. - NCUA posted its 2007 Regulatory Review List of regulations the board has scheduled to review this year.

READER QUESTION No. 1

WASHINGTON - The prominence of the Lafayette bid, which was supposed to culminate in the sale of stock in an initial public offering, attracted many professional investors and other speculators.

WASHINGTON - Several Hedge Funds are apparently scouting out credit union conversions and attempting to obtain membership in the converting credit union in order to get in on the ground floor of a future stock offering. In a phone conversation with the Credit Union Journal one Hedge Fund representative said his fund had made deposits in at least two converting credit unions and was seeking to establish membership in Lafayette FCU as it was switching to a mutual thrift.

COLUMBUS, Ind. - Centra CU has a new idea to get people to save-especially those small savers-a prized-based savings account.

KENSINGTON, Md. - Faced with a dubious vote result, Lafayette FCU withdrew its application with NCUA to convert to a mutual savings bank, prompting finger-pointing among the parties involved.

ARLINGTON, Va. - NAFCU has nominated itself and United Nations FCU for membership on the Financial Crimes Enforcement Network's Bank Secrecy Act Advisory Group (BSAAG).

SYRACUSE, N.Y. - Beacon Federal Savings Bank, one of the first CUs to convert to a bank charter has never left its CU roots far behind and has yet to go public as other converts have done. The $600-million bank has used mergers with other CU converts as a growth strategy, most recently acquiring Marcy FCU, after the $20-million CU converted to mutual thrift just before the new year.

IOWA CITY - A controversial name change that was approved, then delayed after some members questioned the narrow vote favoring the change, was ratified by the Iowa Division of CUs. The regulator said it has reviewed the issues surrounding the University of Iowa Community CU's change to Optiva CU and has given the go-ahead.

UNFCU Financial Advisors website was listed incorrectly. The correct address is www.unfcuadvisors.com.

DENVER-Dow Jones is reporting that Centrix Financial LLC, now in the midst of Chapter 11 bankruptcy proceedings here will go forward with the sale of its auto-loan servicing business to Falcon Investment Advisers, Everest Reinsurance Holdings Inc. and Robert Sutton, Centrix's founder and CEO, for about $30 million.

Surcharge-Free Deal Expands CU Options

Federation Hosts Lending Confab

DEARBORN, Mich. - Linda Malec, DFCU Financial board candidate and former board chairwoman, has asked the NCUA to take action against the $1.8-billion CU for allegedly disregarding its bylaws-again.

KENSINGTON, Md. - Lafayette FCU issued this statement in announcing it was withdrawing its conversion proposal.

He seemed neither a sick man, nor a spiteful man, the underground informant who said he was from Norway and who warned an East Coast credit union last year that a hacking ring was rallying to steal its credit card information.

WASHINGTON - The new Democratic majority approved a bill that would cut interest rates on guaranteed student loans in half, at the expense of banks, credit unions and other student lenders, setting up a confrontation with President Bush.

COLORADO SPRINGS, Colo. - The merger of Ent Federal Credit Union and the Pueblo, Colo.-based Decibel Community Credit Union became final on Jan. 1, and the outlook for the combined entity is rosy.

WEST PALM BEACH, Fla. - The Internet is on its way out.