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The ongoing cutback on travel and conference expense took another victim this week. The Marketing Association of Credit Unions said it is canceling its annual San Antonio convention next month and replacing it with online programming.

ALEXANDRIA, VA. - The NCUSIF's reserve balance was $5.2 billion last month, including an increase of $1.2 billion in losses for the corporate credit unions, NCUA Chief Financial Officer Mary Ann Woodson told the board today.

NCUA's lack of transparency regarding how it calculated corporate losses isn't as much a matter of agency trust as it is corporate accountability.

Alvin W. Jordan, the former president/CEO of the Iowa Credit Union League and who helped charter many CUs after the Great Depression, died last Saturday. He was 101.

Small credit unions are bristling as industry leaders discuss consolidation and mergers as a solution for industry losses.

A program proposed by Missouri Gov. Jay Nixon to create a $2 million pool of funds that would make available low-interest and no-interest loans to small businesses is moving forward despite some objections.