The "very severe earnings hit" on credit unions by NCUA's corporate takeovers should now force the Treasury and Congress to come up with a CU aid package, the president/CEO of The Golden l CU of Sacramento said Monday.

ALEXANDRIA, Va. - Edgar Callahan was such an important person in the history of the credit union movement that his service to it might continue in Heaven, NCUA Chairman Michael E. Fryzel suggested yesterday.

Saying that stress tests revealed "an unacceptably high concentration of risk," the NCUA today placed U.S. Central Federal Corporate Credit Union and Western Federal Corporate Credit Union into conservatorship and removed their boards and top executives.

Open Solutions said it has sold its new core processing solution to Bank-Fund Staff Federal Credit Union.