The Federal Open Market Committee slashed the federal funds rate by 75 basis points on Jan. 22 well ahead of its scheduled meeting at month's end, making good on Chairman Ben Bernanke's promise to take swift action to defend against recession. Taking the funds rate to 3.5% is a "huge...

Service Credit Union has donated $30,000 toward the building of a national memorial in Washington that will honor Dr. Martin Luther King, Jr., while First Community Credit Union dressed down to raise $2,400 for the effort.

The numbers are intriguing, said Jeff Frantz, senior vice president of Lending Solutions, Inc. here. LSI is a leading provider of around-the-clock consumer lending programs to credit unions (http://www.lendingsolutions.com/) and the numbers have given him an idea.