Tennessee's largest credit union, the $2.2 billion Eastman of Kingsport, is planning to merge a smaller competitor next year, the $11 million Holston Valley CU.

The NCUA, which over the weekend conserved AEA Federal Credit Union, reaffirmed Tuesday its policy of resolving CU failures on a case by case basis, choosing among liquidation, merger or ongoing preservation.

The $137 million Prime Financial Credit Union, once considered a failed Milwaukee CU and an early victim of the 2009 Central States Mortgage Corp. bankruptcy, has a new CEO, Christine Moczynski.

NCUA's new financial literacy rules for volunteers are triggering a run this week on financial education packages, both in-person and online, with an eye toward assisting directors weak on computer skills.

The $6 billion Security Service Federal Credit Union of Texas said Friday its takeover this week of the failed $145 million Beehive CU "is going very well with positive member response" despite months of public turmoil.

With 25 freshmen members readying for next year's state legislature, the Illinois Credit Union League is using the holiday lull to ramp up its "meet and greet" program with lawmakers.

Tuesday's NCUA-engineered takeover of the failed Beehive Credit Union in Utah by a large Texas CU adds a new player to the state's financial landscape "and should be welcomed by Utah consumers."

The merger rhetoric on corporates brought a fresh call last week from the retired head of the California-Nevada Credit Union Leagues, David Chatfield, that three already conserved corporates be consolidated.