After weeks of speculation, Southeast Corporate Federal Credit Union announced Jan. 25 that Association of Corporate Credit Unions Executive Director Brad Miller has been selected as the $3.2 billion institution's new president/CEO.

Of the five corporates that have posted unaudited December and year-end figures, three reported net losses and two net profits. However, all are anticipating better bottom lines than those recorded in 2008.

Despite alleging different crimes, the three lawsuits targeting seized corporate credit unions have one thing in common: defendants are arguing plaintiffs don't have the right to sue because the charges are so-called "derivative claims."

For the second time, the World Council of Credit Unions is asking for input to present to a global authority.

The Association of Corporate Credit Unions will decide whether or not to replace Executive Director Brad Miller during CUNA's Government Affairs Conference, said Executive Committee Chairman Steve Roy.

The Jan. 12 Haiti earthquake and damage to financial services infrastructures has created a liquidity crunch in the country, said Saul Wolf, remittance manager for IRnet.

In his experience, Dr. Robert Manning said credit unions aren't as flexible as banks when it comes to negotiating debt with struggling consumers.

In three separate lawsuits that involve U.S. Central Federal Credit Union and Western Corporate Federal Credit Union, defendants argue plaintiffs don't have the right to sue, because charges are so-called "derivative claims."