A merger with VACORP was not his first choice, said Mid-Atlantic Corporate FCU President/CEO Jay Murray in offering perspective on the announcement earlier this week that the two corporate credit unions planned to merge.

In a dense, 23-page preliminary decision, Judge George H. Wu has handed out holiday cheer to former directors of Western Corporate Federal Credit Union, according to experts who have studied the decision distributed to involved parties on Monday.

CUNA and NAFCU criticized proposed Federal Reserve rules that would increase disclosure requirements on credit protection products but had more mixed assessments of other parts of the plan.

The winner of CUNA's four-way race for a seat on the 2011 Board of Directors, Pat Wesenberg of Wisconsin, thanked her backers Wednesday and lauded her opponents for "their passion and devotion to the cause."