Kirk Bowren, President/CEO of NBC Universal Employees FCU, creates classic-auto themed lamps, which he sells on his website,

Legacy asset-backed NCUA Guaranteed Notes will carry a 0% risk weight.

As credit unions budget for 2011, many financial managers are searching for revenue sources, as traditional money makers like consumer loans and investments still aren't performing to historical norms. Business services and innovation may be the answer.

NCUA's final Part 704 corporate rules, released Sept. 24, contained few revisions to the agency's initial proposal. Most rules will become effective 90 days following the publication of final regulations in The National Register.

The three corporate credit unions placed into conservatorship Sept. 24 bring the total of seized corporates to five. Operations will continue at all five corporates.

After months of speculation, the NCUA revealed on Sept. 24 a "good bank, bad bank" plan to deal with corporate legacy assets.

It's official: U.S. Central FCU and Western Corporate FCU have been split into "good corporates" and "bad corporates."

The $7.4 billion Members United Corporate FCU found a way around accounting rules that prevent investors from recovering bond losses once they are written down as OTTI: sell it rather than hold it to maturity.