Just a few weeks into his new job as vice president of mortgage lending for the $1.3 billion Community First Credit Union,

Chief financial officers enforce policy, they don't shape it. And in a conservative industry like credit unions, trailblazing opportunities may seem few and far between for CFOs.

Seven credit unions that filed a negligence suit last November against former and current directors and employees of Western Corporate Federal Credit Union have reached an agreement with the NCUA that will allow the regulator to intervene in the suit.

Mid-Atlantic Corporate Federal Credit Union today announced a complete overhaul of its membership structure.

Credit union executives seem satisfied with the NCUA's methodology and corporate loss estimates presented at the regulator's Feb. 4 town hall meeting, said Southeastern League of Credit Unions President/CEO Patrick La Pine.

When Constitution Corporate Federal Credit Union released its December 2009 financials Feb. 8, reporting an inflated $25.2 million prior undivided earnings deficit, the industry wondered if the $1.3 billion corporate was under conservatorship.

Western Corporate Federal Credit Union has published an instructional document to help credit unions protect themselves from fraudulent electronic financial transactions.

North Island Credit Union President/CEO John Tippets said he's cautious but positive he can turn the ailing $1.4 billion San Diego credit union around, despite dropping to 3.39% net worth at year-end 2009.