The economic challenges facing the industry may be daunting but the Texas Credit Union League said its political action committee fundraising for 2009 hit record levels.

In a sign that the economy may be picking up, the gross domestic product increased at an annual rate of 2.2% in the third quarter, according to a third estimate released today by the Commerce Department.

Service Credit Union in Portsmouth, N.H., has named Bill Arnold as its new chief information officer.

After three-and-a-half years leading Kinecta Federal Credit Union, Simone Lagomarsino has resigned from her position as president/CEO. Her last day will be Dec. 31, 2009.