Delegates to last week's annual convention of the California/Nevada Credit Union Leagues got to cheer their new boss, Bill Cheney, on two fronts. First, the former Xerox Federal Credit Union CEO from El Segundo, Calif., had made it through the first eight months on the job with nary a hitch....

DuPont Fibers Federal Credit Union, Richmond, Va., recently celebrated 50 years of service. The official organizational meeting of the Spruance Rayon Employees Credit was held on June 12, 1956. Fifty years later, DFFCU has over 22,000 members, $160 million in assets and has expanded membership eligibility to over 130 SEGs....

All indicators show the mortgage market is continuing to soften, but don't tell that to Scott Happ. While home sales nationwide have declined, the CEO of Mortgagebot expects sales in 2006 to rise about 30% to reach $22 million in revenue.

NCUA Inspector General William A. DeSarno announced that retired NCUA Region I Examiner Ray Lindeman Jr. pleaded guilty to unauthorized access of a government computer.