The Pennsylvania model on payday alternatives has now become something for banks to look at,

The trauma of Nevada credit union failures took its third victim last week, the $147 million Cumorah Credit Union of Las Vegas, the first major privately insured CU to collapse under the recession's weight.

Only 20% of financial institutions surveyed by a Chicago accounting firm, Grant Thornton LLP, plan to increase hiring in the next six months and more than half are reducing bonuses for senior managers.

It was hardly unexpected, but the Iowa Bankers Association joined by the American Bankers Association are objecting to a Federal Reserve application by the Iowa Credit Union League to form a bank holding company to buy an Arizona bank.

Some frontline tellers at the $100 million First Capital Federal Credit Union donned latex gloves this week to prevent spread of the flu. The CU is also planning to suggest coughing or sneezing members use the drive-thru.

To mark International Credit Union Day, the Georgia Credit Union Affiliates released results of a poll that showed the recession is causing Georgia consumers to spend far less than a year ago.

Bolstered by requests from hard-pressed municipalities,

Like the old at-home visits by the rural doctor, state credit union leagues are ramping up on-site compliance visits-some lasting a week at a time-under new programs debuting this fall with an appeal to small CUs from Iowa to Texas.