Western Corporate Federal Credit Union filed an April 20 lawsuit against a group of unnamed John Does who gained access to its e-mail system and sent an upsetting e-mail to all employees.

Will large credit unions, which can shop around for alternatives to corporate credit union services, invest capital as a condition to access corporates?

Now that U.S. Central Federal Credit Union has released its 2008 audit natural person credit union members can finally close the books on other-than-temporary impairments incurred so far by the corporate network.

When asked how the NCUA expects the economy to perform, and what effect it might have on corporate bonds, Office of Corporate Credit Unions official Scott Hunt said economic forecasting is not the regulator's business.

The $600 million First Financial Credit Union will ask members to vote on removing a supervisory committee member from his post.

U.S. Central Federal Credit Union's 2008 audit, released Sept. 11, produced a balance sheet with $740 million less capital as of Dec. 31 than reported just one month ago.

U.S. Central Federal Credit Union and the NCUA have clarified the bottom-line affect the 2008 audit will have on member capital.

Bill Cheney, president/CEO of the California and Nevada Credit Union Leagues, received $545,178 in salary and benefits during 2007, plus contributions toward a retirement plan worth $175,512 and a $10,000 expense account.