Tom Genessey, senior vice president and chief information officer at The Golden 1 Credit Union, had an epiphany a couple of months ago during an early morning bicycle workout.

A new Moody's liquidity risk assessment on Western Corporate Federal Credit Union reveals that despite being placed into conservatorship March 20, WesCorp has not experienced a run on shares.

Dismissed Western Corporate Federal Credit Union board member Diana Dykstra spoke out late yesterday regarding rumors former WesCorp CEO Bob Siravo received a $6 million severance package.

According to second quarter data from Callahan & Associates' First Look program, total assets increased at an annualized rate of 10.5% through June 30. Shares are driving the trend, up 10.3% over last year, thanks to a higher personal savings rate.

Robert Burrell, former chief investment officer at Western Corporate Federal Credit Union, has turned up at RiskSpan, the Stamford, Conn.-based data and risk management firm.

Robert Burrell, head of business development at Stamford, Conn.-based RiskSpan, told Credit Union Times the firm is developing some new products and services that will help financial institutions face a new market and regulatory landscape.

Lee Butke, president/CEO of the $4.2 billion Corporate One Federal Credit Union, said the question of raising paid-in capital is a serious one that deserves serious debate. The verdict in his Columbus, Ohio board room? Too risky, Butke said.

Longtime credit union supporter Vicente Fox, former president of Mexico, will keynote World Council of Credit Unions' World Credit Union Conference, scheduled to run this coming Sunday through Wednesday in Barcelona, Spain.