The NCUA and the Massachusetts Division of Banks jointly issued a Letter of Understanding and Agreement to the officials of $178.9 million Tremont Credit Union, Braintree, Mass.

MAUI, Hawaii - Former House Speaker Newt Gingrich outlined for attendees at PSCU Financial Services Annual Forum what he called three great challenges that all Americans must confront if the country is to remain a world leader.

D. Henry Blevins, managing director at Crews & Associates, said credit unions should be concerned unexpected gains from securitized corporate assets would not be returned to their balance sheets.

Despite backing by Missouri lawmakers, those 10 small highway credit unions remain under orders to close their offices in two years and have their 27 employees cut from the payroll Sept. 30, state officials reported today.