WASHINGTON -- The takeover of Fannie Mae and Freddie Mac is already showing positive signs, such as a substantial decline in mortgage interest rates, James B. Lockhart, director of the Federal Housing Finance Agency said on Capitol Hill recently.

Pat Riley, considered by many to be one of the best NBA coaches of all time, once said, "Look for your choices, pick the best one, then go with it." Wise words for those involved in professional basketball--and for credit unions looking for the right EFT network.

COLORADO SPRINGS, Colo. -- When a member of Ent Federal Credit Union--a retired military man with an 800-plus FICO score--dropped off the keys to his house early this year because he had not been able to sell it, executives at the credit union knew they had to do something.

"This is a huge cow patty with a piece of marshmallow stuck in the middle of it, and I am not going to eat that cow patty."

PARAMUS, N.J. -- There's a new president/CEO at Greater Alliance Federal Credit Union.

FITCHBURG, Mass. -- Workers' Credit Union Assistant Vice President/Marketing and Communications Manager Nicole Glinski Curtin has been named as one of the 40 under Forty by The Worcester Business Journal.

OGDEN, Utah -- Kathy and Russ Rosander refinanced their house this month with America First Credit Union. The closing took 20 minutes at the closing agent's office and most of it was done while they were in their pajamas.

Below are excerpts from a letter dated Sept. 30 written by Edward Yingling, president/CEO of the American Bankers Association, to NCUA Chairman Michael Fryzel.