Bank failures and media coverage of them have led credit unions to renew their safety and soundness marketing campaigns.

Alabama credit unions Tuesday were already seeing a flow of new deposit and loan business as they capitalize on last Friday's collapse of the $25 billion Colonial Bank of Montgomery, the biggest failure in a year.

The Pennsylvania Credit Union Association moved quickly Monday to oppose a suggestion by the state's Auditor General to consider eliminating the tax exemption for credit unions and other nonprofits as a revenue source to fund the state's budget shortfall.

The president/CEO of a Minnesota credit union wants more CU leaders to get involved in the health care reform debate, notwithstanding "the shouting and the rudeness" at the town hall meetings.

The current recession and changes in the regulatory climate continue to have a profound impact on the credit union trend toward mergers, a new Filene Research Institute study issued today concluded.

The $251 million Granite Federal Credit Union of Salt Lake City has completed a merger of $20 million Salt Lake Schools Credit Union. Granite also named its new president/CEO.

The $814 million Nevada Federal Credit Union is using an ad pitch hitting on "an out-of-state credit union" coming into town.

The president/CEO of a large Michigan credit union has some advice on handling allowance for loan loss calculations: "use a 12-month rolling average instead of 36."