Credit Union Management

NATIONAL HARBOR, Md. -- Because of the strong trust they engender, credit unions are in a strong position to generate more use of their existing credit cards or enter the market for the first time.

The $14.5 billion Vancity, Canada's largest credit union, said it will sell its subsidiary that offers business, home, auto and travel insurance to The Co-operators, a Canadian cooperative.

Because the Obama administration and congressional leaders are coordinating their agendas on financial services issues, credit unions and their lobbyists are having to work hard to play defense, NAFCU Executive Vice President B. Dan Berger said today.

NATIONAL HARBOR, Md. -- Invoking the words that soothed Britain during World War II, NAFCU President Fred Becker said today that if credit unions take advantage of the economic downturn, this will be seen as the movement's "finest hour."

The SEC has voted unanimously to propose measures intended to curtail "pay to play" practices by investment advisers that seek to manage money for state and local governments.

NATIONAL HARBOR, Md. -- Knowing what you do best and communicating it creatively to members and potential members are among the best ways to improving your credit union and making it more customer friendly.