Credit Union Management

The roughly 73,000 people who live in Wilmington, Del., will likely have another financial institution to choose from later this month when the first CU chartered in 2011 opens its doors.

A credit union investment CUSO is positioning its investment options for increased business as it anticipates an early redemption by Western Bridge of more than $4 billion in CDs by Oct. 3.

Over the past six years, credit unions have seen a recovery in the investment services channel in light of market turmoil.

After posting near-record asset growth in three of the last four years, Fort Knox Federal Credit Union, Radcliff, Ky., is now the largest Kentucky-based CU with more than $1 billion in assets, the credit union announced last week.

The National Labor Relations Board recently intervened in a case to resolve complaints from employees who were fired after commenting on co-workers via social media.

Ventura County Credit Union saw record financial growth in the second quarter.