The $270 million Vermont Federal Credit Union is now offering its members business services and has hired a former banker to oversee the new division.

NCUA is reviewing 5300 call reports, and any significant increases in member business lending, indirect lending, or loan participation delinquencies will result in an unscheduled visit from an examiner.

The newly-merged, $1.5 billion Lake Trust Credit Union of Lansing, Mich. looks to get permanent signage ready by July 1, complete data processing conversion by year-end and is hoping a 3.99% teaser loan rate builds some auto loan volume.

NCUA Chairman Debbie Matz told 800 Texas Credit Union League members yesterday she's dedicated 20 "top staff" to developing a plan to dispose of $50 billion worth of corporate toxic assets.