Not so fast when it comes to dismissing complaints against Western Corporate Federal Credit Union's outside directors--that is the gist of yesterday's filing by NCUA in the continuing case of NCUA v. Siravo, et. al.

Picture a credit union universe without corporate credit unions. Not a one. ProDraft Services, a Bismark, N.D., CUSO, insists that such a world is not only possible, it may actually be better for credit unions.

The Appellate Division of the New York State Supreme Court yesterday granted MBIA's motion to dismiss a suit brought against it by a group of banks that had sought to block the transformation of the Armonk NY financial insurance company.

When Jim Riederer, CEO of CME Federal Credit Union in Columbus, Ohio, read the draft NCUA regulations pertaining to equitable distribution of corporate stabilization expenses, he could feel his anger rising.

Los Angeles-based CheckAlt Payment Solutions is looking to expand in the credit union market, according to CEO Shai Stern.

A merger with VACORP was not his first choice, said Mid-Atlantic Corporate FCU President/CEO Jay Murray in offering perspective on the announcement earlier this week that the two corporate credit unions planned to merge.

In a dense, 23-page preliminary decision, Judge George H. Wu has handed out holiday cheer to former directors of Western Corporate Federal Credit Union, according to experts who have studied the decision distributed to involved parties on Monday.

They are feeling good up in Muskego, Wis.--so good that Corporate Central Credit Union just put out a financials-laden press release trumpeting that it is in "great shape."