Credit Union Management

The balances on certificates of deposit with terms of three years or more and are under $100,000 are most likely to drop in reaction to Federal Reserve Board rate moves, according to research firm Market Rates Insight.

A Miami Beach-based businessman and philanthropist was charged with fraud for conducting a $900 million Ponzi scheme where investors were sold securities that would fund his investment firm's grocery diverting business, the SEC said yesterday.

North Carolina's National College Savings Program has added the NC 529 Plan, which is provided by State Employees' Credit Union, to the investment options it offers.

In a move designed to both better position it for long-term growth and address current circumstances,

Missed opportunities and some in management who considered investment services a low priority essentially stalled Consumers Credit Union's efforts to build more relationships with its members.

A study commissioned by CO-OP Financial Services, the parent CUSO of CO-OP Shared Branching, reports that credit union members who use their credit union's shared branching services are more profitable for their CUs.

Since February 2009, certificates of deposit balances at credit unions have declined by $10 billion while money market accounts increased by $29 billion.

According to CUNA Mutual Group's Jeffrey Hunt, IRA's are in season.