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ARLINGTON, Va.—NAFCU ad CUNA continue to express concern that the Federal Housing Finance Agency’s (FHFA) proposed changes to its eligibility requirements for Federal Home Loan Bank (FHLB) membership will make it difficult for CUs to belong to the FHLB.

WASHINGTON—CUNA reported that its PAC, the Credit Union Legislative Action Council (CULAC), finished the 2013-2014 election cycle with a record $4.43 million, a 13% increase over the 2011-2012 total of $3.9 million. It is now starting the 2014-15 election cycle with $464,000 available.

SPRINGFIELD, Ore.—A man faces arson charges after setting a CU ATM on fire in an effort to cover up false deposits, Springfield Police said.

SOUTHFIELD, Mich.—The Michigan Credit Union League and Affiliates said it has now received $5.25 million in commitments to its Develop Michigan Real Estate Fund (DMIRF), and expects to have between $11 million and $17 million by the final closing date in March.

ALEXANDRIA, Va.—In the wake of the loss by an NCUA examiner of a flash drive that contained member data, the agency’s inspector general, James Hagen, said NCUA will be taking a number of steps.

SAN RAFAEL, Calif.—November real personal consumption expenditures were up 2.8% from the same month last year suggesting that when the numbers are compiled and released for this most recent holiday season consumer spending will exceed numbers not seen since before the beginning of the Great Recession.

DES MOINES, Iowa—Move over Virginia; Iowa is for lovers—or at least credit union lovers, according to the Iowa CU League.

FLOWOOD, Miss.—Casey Bacon has been named as the new CEO of Statewide FCU, effective Feb. 2, 2015.

ROCHESTER, N.Y.—Credit union buildings continue to be targets for drivers.

MANCHESTER, N.H.—St. Mary’s Bank President and CEO Ron Covey  Jr. recently honored 14 employees at the fifth annual President’s Club dinner held at the Puritan Backroom restaurant in Manchester, N.H.