WASHINGTON -- Credit unions report a slew of reactions ranging from panic to a lack of concern to the news that the massive $700 billion bailout proposal has been rejected by the House of Representatives.

SEATTLE -- An informal, but high profile think tank of credit unions and trade organizations will meet here Oct. 16 to discuss, among other things, the best way set up an CU industry-controlled secondary mortgage market.

WASHINGTON -- Despite pleas from the president and leaders of both parties, by a 228-205 vote, the House today voted down a $700 billion plan to have the government buy illiquid assets from financial institutions, including credit unions.

NEW YORK -- The SVPCO Image Payments Network now includes Southwest Corporate Federal Credit Union and its 1,500 member credit unions, the company and credit union said.