Credit Union Management

Third-party brokerage arrangements for the sale of nondeposit investment products outlined in a recent NCUA guidance letter contain duties some federal credit unions may not have the ability to perform.

The Jan. 15 issue of The New York Times published an article by Gretchen Morgenson ("Arbitration, Litigation, Aggravation") about a complaint filed by a trust set by Helen Cohen involving an investment account Cohen opened before her death.

A new survey revealed while baby boomers in Canada may have unrealistic hopes about how much they can save in the few years before they retire, many are still optimistic about their personal financial situation.

The $21 billion State Employees' Credit Union is in the middle of a legal quandary involving a widow who opened up a failed brokerage account with a defunct, credit union-formed broker-dealer and investment firm.

Members of the Cooperativa San Jos? Credit Union in the Dominican Republic will have access to investment services through an alliance with United Nations Federal Credit Union.

The $1.4 billion Ascend Federal Credit Union, headquartered in Tullahoma, Tenn., made headlines when one of its branches was robbed three times in three weeks.

Consumers with between $50,000 and $250,000 in assets available for investment said they are highly satisfied with the advice they receive from their credit unions and banks.

Nearly 3,000 volunteers with State Employees' Credit Union's advisory board and board of directors will have the opportunity to test out a new estate planning pilot program.