HIGHLANDS RANCH, Colo. -- Demonstrating practical commitment to safety/soundness and calling its action "a bold step," the $150 million Red Rocks Credit Union has lowered rates on its $13 million portfolio of variable rate loans as a way of "reducing the financial burden of our members."

GREENSBORO, N.C. -- In little more than a month's time, North Carolina's "Little Guy" team of credit union runners is ready to do it again for the sake of charity.

DES MOINES, Iowa -- Victims of last month's floods were still pouring in last week as the Iowa Credit Union Foundation, the major industry agency processing claims, reported national contributions of $410,000.

TUCSON, Ariz. -- On top of the IndyMac Bank collapse in California, the weekend failure of a large Arizona/Nevada bank holding company is providing some challenging on-the-job training this week for Tucson credit unions in getting out the deposit insurance message and dealing with the media on safety/soundness queries.

HARRISBURG, Pa. -- Secretary of Banking Steve Kaplan announced this week that Internet payday lenders and other out-of-state companies that make consumer loans to Pennsylvania residents will need to be licensed by Feb. 1, 2009.

PHOENIX -- In the wake of the weekend failure of three Western banks all part of a $3 billion Arizona holding company coupled with the $42.5 million midyear loss of Arizona Federal Credit Union, CUs here, in Nevada and in California were girding Monday for more safety and soundness queries...

PHOENIX -- The chairman of the Arizona Credit Union System acknowledged Friday the real estate fallout has created "a difficult climate" for a number of Arizona CUs including the state's second largest, the $1.9 billion Arizona FCU, but that capital ratios are well above peer averages.

DAYTON, Ohio -- Ohio credit unions are starting to reap real financial benefits from banking's woes and the market turmoil as CUs start getting new deposit business, CU officials reported Thursday.