Credit Union Management

NEW ORLEANS -- Based on early contacts, CUNA Mutual Group Tuesday reported "no major losses" so far from Mississippi and Louisiana CUs as a result of Hurricane Gustav but suggested because of the storm's slow moving path there could be future flood damage to property of policyholders.

ATLANTA -- LEVEL 5, a consulting and facilities development firm specializing in financial institutions, has ranked 51st on the 2008 Inc. 500.

LANSING, Mich. -- The Michigan Economic Development Corp. said it has earmarked several projects across the state that aim to help 15 companies grow, create and retain 9,495 new jobs and generate more than $658 million in new investments.

HOUSTON -- If credit unions involved in the IRS' Volunteer Income Tax Assistance program are looking to build long-term relationships, having a retention plan in place well before tax season ends is key.

HOUSTON -- As it sets out on an aggressive path to pull out of a $2.3 billion second quarter loss, Fannie Mae said it is willing to have discussions with third parties, including credit unions, on the sale of properties in bulk transactions.

LAS VEGAS -- With balance sheets in good shape and key lenders having exited the market, credit unions have a unique opportunity now to take full advantage of loan opportunities, said Lee Butke, CEO of Corporate One FCU.