Credit Union Times Authors 

J. Benson Porter, chief executive officer at the $2.4 billion Addison Avenue Federal Credit Union, was elected to the board of the Federal Home Loan Bank of San Francisco earlier this week. Porter said he will begin serving his four-year term Jan. 1....

Members United Corporate Federal Credit Union today announced a nearly $150 million net loss for October 2009, split almost evenly between U.S. Central Federal Credit Union capital losses and other-than-temporary impairments....

Corporates will have to meet significant new capital requirements if the NCUA’s proposed changes to part 704 become rule....

The NCUA’s proposed prompt corrective action rules for corporates would give the regulator greater authority than it has today....

LAS VEGAS — The California and Nevada Credit Union Leagues found a positive message with which to open the trade associations’ annual meeting: what doesn’t kill us will only make us stronger....

LAS VEGAS — Serving consumers when the markets fail is the reason credit unions exist, Callahan and Associates President/CEO Chip Filson told California and Nevada Credit Union League annual meeting attendees this morning in a general session....

Owners of depleted corporate capital aren’t likely to get it back, even if loss estimates that supported the write downs were too high, according to a statement issued today from Chairman Debbie Matz....

The Association of Corporate Credit Unions asked the NCUA to reconsider its position on corporate capital write downs during a special Nov. 5 meeting that was closed to the press....

Three days of heavy rains have produced nationwide flooding and mudslides in El Salvador, displacing thousands and threatening more, including credit union members, the World Council of Credit Unions reported....

The $18 billion Western Corporate Federal Credit Union last week announced $356 million in other-than-temporary-impairment charges....

In an effort to increase credit union membership in rural Kenyan villages, the World Council of Credit Unions has introduced a laptop-anchored system that brings services directly to members....

Members of the $1.3 billion Constitution Corporate FCU now own a $2.4 million deficit that’s guaranteed by the National Credit Union Share Insurance Fund. ...

Southwest Corporate Federal Credit Union’s Sept. 30 financial statements show a slightly stronger capital position over July 31....

September 2009 financial reports are creating two distinct corporate credit union camps: ...

The NCUA’s final town hall meeting, a Webcast that allowed viewers to ask live questions anonymously,...