The Federal Reserve Board, moving quickly this week to fill slots on its newly-formed Community Depository Institutions Advisory Councils, has made two more appointments of credit union CEOs.

First Carolina Corporate Credit Union announced today that it is now going to members to raise $60 - $75 million in Perpetual Contributed Capital, a "mandatory" onetime requirement.

The NCUA-conserved Arrowhead Central Credit Union. said this week its interim CEO, Kay Woods, who has been credited with protecting the $671 million CU following its June collapse, is stepping down.

After he read the recent statements issued by NCUA, Dave Chatfield said there is just one conclusion: the regulator intends to block mergers of Tier One corporates.