Credit unions that have been recognized as community development financial institutions and those that have been judged viable by the NCUA have begun receiving money under the Community Development Capital Initiative.

Third Degree Advertising, an Oklahoma City agency, is expanding for the first time to the East Coast by opening a Durham, N.C. branch to serve what it said is the growing interest by credit unions to "leverage their advantage over banks."

Former Lafayette Federal Credit Union CEO Bill Brooks said he thinks Arrowhead Central Credit Union's board should have filed a formal objection to the NCUA's June 25 conservatorship.