The credit union industry's longstanding charity beneficiary, Children's Miracle Network, will undergo a rebranding next month to become Children's Miracle Network Hospitals, but its management is again paying tribute to CU generosity.

The winner of CUNA's four-way race for a seat on the 2011 Board of Directors, Pat Wesenberg of Wisconsin, thanked her backers Wednesday and lauded her opponents for "their passion and devotion to the cause."

Following tradition, Pennsylvania Gov.-Elect Tom Corbett has picked a banker to be the state's top regulator of banks and credit unions.

CUNA joined the Michigan Credit Union League Wednesday in opposition to an ad hoc petition circulating online this week calling for what were described as a series of "radical" steps to overhaul NCUA operations.

NCUA-conserved WesCorp, now known as Western Bridge Corporate FCU, is following in the footsteps of its peer, Southwest Bridge FCU of Dallas, in forming a CEO-run advisory panel to help chart its next step.

CUNA announced on Wednesday the winners of contested election races for its 2011 Board of Directors and among them was Pat Wesenberg of Marshfield, Wis., who competed in an unusual four-way race against challengers from Kansas City, Iowa and Chicago.

The seeds for this year's shakeup-or convulsion-of the nation's corporate system may have been sown in 2007 and 2008 with the subprime debacle.

There were plenty of high-profile merger deals in 2010 highlighted by big West Coast combinations accompanied by voluntary and involuntary consolidations plus conservatorships.