The University of Hawaii Federal Credit Union has found its new CEO in Jeanine M. Morse.

Credit unions won an early victory today when the House Financial Services Committee voted to exempt credit unions with less than $1.5 billion in assets from the examination by the proposed Consumer Financial Protection Agency.

Ongoing Operations LLC is accommodating growth by adding a fourth location by leasing space from PSCU Financial Services in Arizona, the CUSO said.

Two of Topeka's largest credit unions, Credit Union 1 of Kansas and Credit Unions United with combined assets of $250 million, are planning a merger "of equals" to take place in 2010.