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.
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.
The parent company of a significant CU investment partner has made a large investment in a social media giant.
Spread the word to young people in your area that, like buying locally grown food from a farmer's market or purchasing fair trade products, joining your credit union is another way they can vote with their dollars to make the world a better place.
The media blitz by both CUNA and NAFCU to counter the negative "credit union bailout" message went into high gear today with new videos and top brass keeping in contact with TV producers and financial reporters on the corporate crisis.
Following a strategic planning session in 2005, America's First Credit Union-then boasting just above $600 million in assets-set a goal of reaching $1 billion within five years.
The FBI is not commenting, but media outlets this morning are reporting that the agency is preparing a significant nationwide crackdown on mortgage fraud.
Conservative commentator and provocateur Patrick J. Buchanan will be the keynote speaker at NAFCU's Congressional Caucus.