American Mutual Share Insurance Corp. announced that at its Dec. 23 board meeting the board declared a 2009 special premium assessment of 15 basis points.

After over 22 years of leadership, El Paso Employees Federal Credit Union President/CEO Ray Ponteri will be retiring effective Jan. 4, 2010.

Corporate One Federal Credit Union survived its November portfolio review with all member contributed capital intact, writing off $32.2 million that still leaves more than $25 million in reserves.

Citing a "windfall" from the sale of 3% stock in Credit Union Service Corp., the Virginia Credit Union League is returning $300,000 in dues payments this month to member CUs to help cope with the recession.