By now, First Carolina Corporate CU members have sat down to their annual meeting and luncheon today in Pinehurst, N.C.

The NCUA yesterday posted online the first of three video productions in which Chairman Debbie Matz explains corporate stabilization.

The boards of the $3.5 billion Kinecta FCU and $1.2 billion NuVision FCU have announced their intent to merge.

The $10 billion Southwest Corporate FCU announced a new board member and three new supervisory committee members in a May 20 release.

The boards of the $3.5 billion Kinecta FCU and $1.2 billion NuVision FCU have announced their intent to merge into an institution that will serve 300,000 members in two Southern California counties.

NCUA Deputy Executive Director Larry Fazio said the regulator already has "solid estimates" on the size of corporate loss exposures and other corporate stabilization expenses and is on target to recommend an assessment figure this summer.

Western Corporate FCU may be under conservatorship, but it's profitable.

NEW ORLEANS -- If a $1 billion credit union used a series of advances to fund a $100 million investment in new 15-year mortgage pools, it could add as much as $600,000 to interest income in the first year.