WASHINGTON - CUNA Brokerage Services, Inc. recently requested clarification to the SEC on what is considered an "established business relationship" and the role of a "dual employee" regarding the National Do-Not-Call Registry. In an April 22 comment letter, Kevin Thompson, vice president and deputy general counsel for CUNA Brokerage, wrote...

MADISON, Wis. -Some are speculating that a recent IRS private ruling letter on deferred compensation plans may be the first promising step in giving federal credit unions the ability to offer a plan common in the for-profit world that could put more money in credit union execs' pockets. The April...

MIAMI BEACH, Fla. - Credit union human resource departments would be well advised to educate themselves on building a comprehensive and rewarding compensation program to attract the best and brightest executives, one industry expert noted. Speaking at CUNA's annual Human Resources/Training & Development Council Summit here recently, Joe Tripalin, CUNA...

SPRINGFIELD, Ill. - If Gov. Rod Blagojevich has his way with attempting to close the nearly $5 billion state budget deficit, credit union start-ups could see the application fee jump from $250 to $3,000. Blagojevich has proposed adjusting 200 fees to raise $57 million for the state's general revenue fund,...

WASHINGTON - The percentage of credit unions offering members the option of opening an individual retirement account has steadily risen over the last five years, contributing to an increase in average share balances and potentially providing more leverage during slow growth periods. Over the last five years, credit unions offering...

ALEXANDRIA, Va. - Citing the most recent case of substantial losses many credit unions faced with Bentley Financial Services, a defunct broker, NCUA issued another advisory reiterating the critical need for due diligence in safekeeping investments, particularly with certificates of deposits. In 2001, the SEC obtained temporary restraining orders and...

MADISON, Wis. - February saw the highest decline in credit unions since August 2001 even as 119,000 members were added for a total industry count of 85.2 million. CUNA Mutual Group's February Credit Union Trends Report revealed that the credit union marketplace shrank by 44. For the year, the industry...

NEW YORK - Given its diverse membership base, $1.8 billion UNFCU is confident its recent alliance with Raymond James Financial Services, Inc. will provide the muscle to expand its investment division and serve member needs no matter where they are in the world. The credit union, which serves employees of...