When Marc Coburn reads reports indicating as many as 21,000 government employees in North Carolina may face layoffs later this year, it hits home.
The founder of an international microlending bank, which has a United States affiliate that was considering opening a federal credit union in North Carolina, is in the middle of an internal power struggle.
The $22 billion State Employees' Credit Union has begun to prepare for what it expects may be a significant increase in the number of members seeking mortgage loan modifications.
The nation's second largest credit union, State Employees' Credit Union, has become the second CU in the country to put computer chips into its credit or debit cards.
The Financial Industry Regulatory Authority may have a hard time deciding whether a defunct credit union-owned brokerage firm
In an article involving a brokerage account complaint, The New York Times said it mistakenly linked an employee that worked with a defunct credit union broker to State Employees' Credit Union.
After testing out an estate planning pilot program last year with more than 1,100 of its employees, State Employees' Credit Union wants one more round of feedback before rolling out services to its 1.6 million members.
The Jan. 15 issue of The New York Times published an article by Gretchen Morgenson ("Arbitration, Litigation, Aggravation") about a complaint filed by a trust set by Helen Cohen involving an investment account Cohen opened before her death.
The $21 billion State Employees' Credit Union is in the middle of a legal quandary involving a widow who opened up a failed brokerage account with a defunct, credit union-formed broker-dealer and investment firm.
The New York Times said it mistakenly linked an employee that worked with a defunct credit union broker to State Employees' Credit Union in a story involving a brokerage account complaint.