SAN FRANCISCO -- California and Nevada Credit Union League CEO Bill Cheney stunned conference goers yesterday during the group's morning general session, announcing its high-profile advocacy campaign budget will be slashed for 2009, from $6 million to $1 million.

WASHINGTON -- Unemployment rose to a 14-year high of 6.5% in October, as businesses cut 240,000 non-farm jobs, the Department of Labor reported today.

SACRAMENTO -- In an attempt to combat foreclosures, Gov. Arnold Schwarzenegger has called for a 90-day moratorium on foreclosures.

WINSTON-SALEM, N.C. -- To give a boost to entrepreneurs in rural and underserved areas in North Carolina and Virginia, Truliant Federal Credit Union has been awarded a $22,840 Innovation grant from the National Credit Union Foundation.