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.
Nearly 3,000 volunteers with State Employees' Credit Union's advisory board and board of directors will have the opportunity to test out a new estate planning pilot program.
A case involving a widow who opened up a brokerage account with the defunct, CU-formed XCU Capital LLC, its shell later bought by State Employees' Credit Union, is in the middle of a regulator and legal quagmire.
Even though the vast majority of credit unions never abused credit card holders the way many big bank issuers did,
The National Credit Union Foundation has achieved one of its long-term fund raising goals, developing a mechanism that individuals can use to support NCUF programs.