Visa USA has filed the paperwork for its initial public offering of stock, an offering that analysts say will make it the second largest in U.S. history.

Cal State 9 Credit Union Interim CEO Judith Hurst e-mailed Credit Union Times to say that former CFO Richard Headrick was not dismissed by the CU but resigned on his own last October.

As Michigan continues to grapple with its economic woes, a few trouble spots have emerged within the business lending realm at both the state's credit unions and banks.

The U.S. Treasury's Community Development Financial Institutions fund is looking for yet another leader before the end of the Bush Administration. Kimberly Reed, current CDFI Director, has announced her intention to resign and enter the private sector.