The shutdown of Central States Mortgage Co., a Milwaukee CUSO, underscores the need for credit unions to perform "full faith due diligence investigating third parties before jumping into this kind of business," warned Wisconsin's top CU regulator.

Possible changes in the student lending marketing outlined in President Obama's 2010 budget proposal will not impair the strong opportunities credit unions have has private student lenders,

Suncoast Schools Federal Credit Union and GTE Federal Credit Union, both hit hard by the Florida housing market collapse, announced a proposal for the largest credit union merger to date at nearly $8 billion in combined assets.