Velocity Credit Union, Austin, Texas, recently held a reception to present its 13th Annual Velocity Credit Union Scholarship Awards. Ten scholarships, totaling $11,500 were awarded to credit union members, three to high school seniors and seven to ongoing students. To date, Velocity has awarded more than $71,000 in scholarships. The...

Special Report: Mortgages How will the slow down in mortgage lending affect credit unions? Read about that and more in the special report on pages 22-26. Plank Set for Retirement Arizona CU System President Gary Plank, who also serves as chairman of WOCCU, has retirement in his sight. Page 6.

Smart Financial Credit Union, Houston, has appointed Joanne Robinson to vice president of lending.

In the lead up to the recess for the campaign season, Credit Union House on Capitol Hill was a hotbed of activity.