Credit Union Management

WASHINGTON -- Instead of 20% returns guaranteed to come every 30 days, investors lost at least $25 million in yet another Ponzi scheme.

WILMINGTON, Del. -- ING DIRECT said it is moving forward with its plans to grow ShareBuilder Corp., the online brokerage with roughly 50 credit union clients despite grim news from its parent company that 7,000 job cuts are coming.

JACKSONVILLE, Fla. -- Call it a sign of the times, but the insurer for the majority of credit union and the processor for the majority of CU card programs have teamed up to make card fraud loss claims easier to file.

WASHINGTON -- Trust for Credit Unions, a $1.7 billion group of credit union investment funds, has elected Rudy Hanley its new chairman.

SOUTHFIELD, Mich. - Michigan First Credit Union has won over $5 million in damages against its former insurer Credit Union Mutual Insurance Society.

RYE, N.Y. -- Police have charged John P. Walsh, the former chief operating officer of Affina Brokerage Services LLC, a subsidiary of USAlliance Federal Credit Union, with allegedly stealing $2.5 million from the CUSO.