British Columbia credit union makes deal with Desjardins Group subsidiary, Western Financial Group.
Scott Waite, chief financial officer and senior vice president of Patelco Credit Union, will serve on a new advisory board at SaveDaily Inc., a mutual fund platform provider.
Scott Waite will serve on a new advisory board at SaveDaily Inc.
At one point, the high-flying commercial lending CUSO formed through Eastern Financial Florida Credit Union funded more than $200 million in business loans and served dozens of credit unions nationwide.
Members who do not have the high minimums some providers require to invest have another outlet to turn to.
Patelco Credit Union has rolled out a new service that allows members to invest in mutual funds for as little as $5 at a time.
With a vested stake in nearly a dozen CUSOs, Workers' Credit Union has tried, tested and proven theories on why it makes operational sense to extend its reach in several directions.
The $851 million Arrowhead Credit Union has sold it insurance subsidiary, Sawyer Cook Insurance, several publications recently reported.
Plagued with losses and the inability to turn a profit, the $851 million Arrowhead Credit Union said it has sold its insurance subsidiary, Sawyer Cook Insurance.
Chief financial officers enforce policy, they don't shape it. And in a conservative industry like credit unions, trailblazing opportunities may seem few and far between for CFOs.