Credit union executives in private settings have begun whispering the "D-word" in discussing the current economic crisis: depression. While the first credit union in the United States was formed in 1908, a president named Franklin Delano Roosevelt felt that creating a federal system of credit unions was a good idea...

Credit unions again and again come to the rescue of their members and each other. TDECU was running an advertising campaign in an effort to provide its members with financial education and, of course, steer their business and others' toward the credit union.

I'm not going to pretend I know and understand all there is to know about the Fannie Mae-Freddie Mac bailout or make any predictions of how it will shake out. We seemed to get enough opinions on that. However, I do have some observations to make regarding the takeover.

Everyone in the area, including credit unions, either got out of town or battened down the hatches, preparing for what New Orleans Mayor Nagin called "the mother of all storms." Nearly 2 million people were evacuated from the area expected to feel the brunt of Gustav's fury.

ALEXANDRIA, Va. -- The California Department of Financial Institutions has placed the $257 million Valley Credit Union into conservatorship and handed over the keys to NCUA.

ALEXANDRIA, Va. -- The California Department of Financial Institutions has placed the $257 million Valley Credit Union into conservatorship and handed over the keys to NCUA.

CUNA, the Colorado league and participating credit unions hit the ball out of the park with its Homes for Our Troops project. It was such a simple idea that must have been unbelievably complicated to execute but is bound to pay beaucoup dividends.

Despite the gloom and doom in the mainstream and trade press regarding the economy--things humming along as they should isn't news--there are many locations that are not affected as much as the headline-grabbing vortexes of California, Florida and some other places.