Credit Union Management

The article about credit unions’ future investment options ("Natural Person CUs Plunge Into DIY Investing," Feb. 9 issue) correctly asks, "Who can you trust?" To a large degree, credit unions are currently placing their trust in firms, such as brokers, whose economic interests are contrary to their own.

Call the NCUA suit against WesCorp’s outside directors the warning shot that, whether the NCUA wins or loses that case, makes clear one fact. Serving on a credit union board involves risks, responsibilities, accountability and losses when the job is not done well.

ASI Federal Credit Union became a low-income credit union before the low-income credit union designation, or even the NCUA, existed.

It’s not just about your assets. While the NCUA and state regulators certainly care about the raw numbers of credit unions, they are putting more emphasis on scrutinizing how credit unions are run. In other words, the "M" in CAMEL is getting the spotlight.

Its amazing how dreams change. Early in his career, Lynn Stephens thought working in the great outdoors in the Forest Service was a dream job until he got into management.

When your CEOs serve an average of 25 years, some people might worry about a lack of fresh blood and new ideas.

Underscoring a policy aimed at reaching out to small community banks and credit unions, the Federal Reserve Board and its district banks last week began completing a series of high-level CEO appointments to its new advisory panels.

Since the earliest days of American history, concerns about tax policy have prompted individuals and groups to express their opinions, sometimes in dramatic ways. The Pennsylvania State Employees Credit Union has never dumped tea into a harbor, but its political awakening began when Congress considered imposing taxes on credit unions.