The markets roiled several times this year scaring investors topull out and wait on the sidelines.
|It was likely one more obstacle that has prevented credit unionsfrom growing their retail investment programs. Some say the topchallenge has been a lack of awareness as most members might notassociate getting their financial planning needs met at their localcooperative.
|Social media platforms could continue to shape how credit unionscan potentially educate members on services such as helping to savefor retirement and college and establishing trusts and livingwills.
|As companies start to revive their 401(k) matching programs,credit unions could see an increase in members wanting to get backon board with their long-term plans.
|In 2012, several credit unions overhauled their investmentsuites by switching to new firms and broker-dealers and byrevamping traditional financial planning programs. Experts say thatshift may continue in 2013 even as some members choose toparticipate in self-guided offerings.
|Over the past two years, the SEC has cracked down on scamstargeted at investors. Since 2011, the agency said it has chargedsaid 887 individuals and entities in 359 actions involving retailinvestor fraud. Nearly $9.7 billion has been alleged lost by morethan 1.2 million investors in those cases.
|The SEC, along with the FBI and other agencies, has vowed tocontinue an aggressive stance toward scams such as Ponzischemes.
|More 2013 Watch
- Dec. 28, 2012 Marketing in the Year Ahead
- Dec. 27, 2012 Gen Y in the Year Ahead
- Dec. 26, 2012 Member Business Lending in the Year Ahead
- Dec. 26, 2012 Human Resources in the YearAhead
- Dec. 21, 2012 Credit Union Taxation in the YearAhead
- Dec. 20, 2012 CUSOs in the Year Ahead
- Dec. 20, 2012 NCUA Board in the Year Ahead
- Dec. 19, 2012 Cards in the Year Ahead
- Dec. 19, 2012 Mortgage Lending in the YearAhead
- Dec. 18, 2012 Low Income Service in the YearAhead
- Dec. 18, 2012 Bank Conversions in the YearAhead
- Dec. 17, 2012 Student Lending in the YearAhead
- Dec. 17, 2012 Auto Lending in the Year Ahead
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