Credit Union Management

YouTube, Facebook, LinkedIn and other social media forums are likely to be used by investors to gather information on new products and services, according to a Spectrem Group Report.

The $1.8 billion UW Credit Union of Madison, Wis. said it is buying another bank branch building and converting it into a CU facility next year.

Premier Members Federal Credit Union of Boulder, Colo., said it will be the first to open a CU-operated branch in a Colorado Wal-Mart store.

Based on a preliminary review, the SEC and the Commodity Futures Trading Commission said they found no evidence of "fat finger" errors, computer hacking, or terrorist activity involved in the May 6 market drop.

Bottom lines will be squeezed for the next year or two. They probably won't rise until unemployment declines. What does that mean for credit unions? It means it's time to start getting rid of some friction.

NEW ORLEANS -- If a $1 billion credit union used a series of advances to fund a $100 million investment in new 15-year mortgage pools, it could add as much as $600,000 to interest income in the first year.

NEW ORLEANS -- Many financial institutions are cutting back on branch hours and other services to save on expenses.

Individual retirement account assets are now greater than in employer-based retirement accounts such as 401(k)s and 403(b)s, according to a Cogent Research study of 4,000 affluent and high net worth Americans.