PricewaterhouseCoopers accountants are crunching numbers at the $1.4 billion Constitution Corporate Federal Credit Union today, working with the corporate's own financial managers to endorse year-end numbers.

California's real estate problems have resulted in a flood of mortgage-related bills that are well- intentioned but ultimately bad for credit unions, said Bob Arnould, California Credit Union League senior vice president of governmental affairs.

The $7 billion The Golden 1 Credit Union has purchased a $500 million private placement, short-term revenue anticipation note issued by the State of California.

Robert Manning, keynote speaker at the NCUA's recent Risk Mitigation Summit, said he's been working with the agency to create an opinion letter on his responsible debt relief algorithm so credit unions can implement it.

Callahan and Associates' President Chip Filson and Executive Vice President Jay Johnson broadcast the shot heard around the credit union world March 24 when they publicly challenged the NCUA's

Armed with 70 auditors and bureaucrats, the NCUA placed both the $34 billion U.S. Central Federal Corporate Credit Union and the $23 billion Western Federal Corporate Credit Union into conservatorship March 20,

Thursday's G-20 meeting could have implications for U.S. credit unions, said Dave Grace, World Council of Credit Union vice president of association services.

The NCUA released an update on its activities at U.S. Central and WesCorp this week, after placing the two corporate credit unions into conservatorship one week ago today.