Kansas City investment CUSO sends out letter saying CEO Brian Hague, EVP Doug Richardson, have left.
Christopher Hamera aims to one day lead his nation's central bank.
The Libor price-fixing scandal, in which the London-based bank and financial services company Barclays manipulated Libor submissions to give a healthier picture of the bank’s credit quality in 2007 and 2008, has had little material effect on credit unions, according to industry experts. However, corporates that owned Libor-indexed assets during...
CU Exchange guest blogger Andrew McGeorge, senior portfolio strategist with CNBS, offers advice on how smaller credit unions might buy securities.
NEW ORLEANS -- If a $1 billion credit union used a series of advances to fund a $100 million investment in new 15-year mortgage pools, it could add as much as $600,000 to interest income in the first year.
New Orleans -- If a $1 billion credit union borrowed $100 million in strategically laddered advances, and invested those funds in low-risk mortgage pools, it could add as much as $600,000 to interest income.