The National Credit Union Administration announced today it will move forward with plans to wind down various lines of payment services offered by U.S. Central Bridge Corporate FCU. The wind-down excludes services of Corporate Network eCom LLC that were purchased by CO-OP Financial Services and announced Dec. 15.

Harriet May–whose retirement as president/CEO of El Paso, Texas-based GECU was announced by the credit union on Wednesday–will continue as CUNA chairman through the end of her current term.

CUNA has urged the Consumer Financial Protection Bureau to suspend a duplicative automated teller machine notice requirement in an effort to help stop lawsuits being brought against credit unions and other financial institutions when the notices have been removed, damaged or destroyed.

The Consumer Financial Protection Bureau has taken over authority of five financial rules, including Truth in Savings (Regulation DD) and Fair Credit Reporting (Regulation V).

Illinois state-chartered credit unions will receive a credit of nearly $1.257 million toward state regulatory fees for the fourth quarter of 2011.

As the year ends and a new one begins, several credit unions have mergers in the works, with some timed as a transition as long-time credit union leaders retire.

California’s credit unions made gains in assets and shares while loans were down during third quarter, according to statistics from the state’s Department of Financial Institutions.

CUNA’s Washington, D.C., and Madison, Wis., offices will be closed Friday and Monday in observance of the holiday. News Now will not publish editions those days, but will resume regular editions on Tuesday.

Member-owners of CU Cooperative Branching LLC, Louisiana’s shared-branching credit union service organization, will receive a 6% dividend, payable Dec. 31.