The outspoken head of a Los Angeles area credit union, who for a time flaunted his CU's safety and soundness record before running into NCUA disfavor, took on a new cause last week: bailouts.

The NCUA needs to provide still "more transparency" and understanding of its corporate actions and be cautious in "casting us with the lot of all other financial institutions," said CUNA Chairman Kris Mecham.

Frank Pollack, the president/CEO of the $13 billon Pentagon Federal Credit Union, urged the NCUA Tuesday to work toward lengthening the payment schedule over eight years to re-fund the NCUSIF.

Credit union leaders Monday were voicing support, albeit reluctant, for the NCUA takeover of two corporate credit unions.

The "very severe earnings hit" on credit unions by NCUA's corporate takeovers should now force the Treasury and Congress to come up with a CU aid package, the president/CEO of The Golden l CU of Sacramento said Monday.

Oklahoma Employees Credit Union of Oklahoma City said this week it has now completed a merger of the $10 million OKC Thrift CU increasing total assets to $310 million.

As an example of the industry's push to economize, the Alabama and Florida Credit Union Leagues gave final approval to their combination.

The sudden shutdown of Central States Mortgage Co.'s 220-employee headquarters in Wauwatosa, a Milwaukee suburb,