Credit Union Times | Accurate and Timely CU News

FCUs May Not be Equipped to Oversee Broker Investment Choices

By Michelle A. Samaad

NACUSO said an NCUA letter on the third party brokerage arrangements for the sale of nondeposit investment products contains duties that credit unions may not have the expertise to perform.

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Investors' Account Closings Double

Blaine Takes on NCUA on Capital

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January 11, 2011

MBIA Suit Thrown Out of Court; Impact on Credit Unions 'Unclear'

The Appellate Division of the New York State Supreme Court yesterday granted MBIA's motion to dismiss a suit brought against it by a group of banks that had sought to block the transformation of the Armonk NY financial insurance company.

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January 09, 2011

MECU Gives $1 Million Back

Membership has certainly paid off for Motorola Employees Credit Union members who have been given back $1 million.

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January 05, 2011

CU Branch Robbed Three Times in Three Weeks

Executives at the $1.4 billion Ascend Federal Credit Union are taking steps to evaluate security after one of their 17 locations has been robbed three times in three weeks.

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January 04, 2011

Texas Capital Again Hosting CUISPA Summit

The Credit Union Information Security Professionals Association will hold its sixth-annual conference on Jan. 26-27 at the Austin Hilton Hotel.

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January 04, 2011

Fear May Still Drive Deposit Decisions

With deposit rates for products such as money market accounts expected to remain low this year, consumers may continue to react based on the economy's uncertainty.

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January 03, 2011

Consumer Reports Say Products Shrinking

Credit union executives that have sensed their CUs seem to be getting less product for the same price are likely not imagining things, according to Consumer Reports magazine.

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January 03, 2011

MMA Yield Drop Not Affecting Growth

Despite yields dropping to 0.66%, money market accounts at credit unions still contributed 55% to overall deposit growth, the latest industry data showed.

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Credit Union Management

Top Credit Union Management Stories

FCUs May Not be Equipped to Oversee Broker Investment Choices

Investors' Account Closings Double

Blaine Takes on NCUA on Capital

Recommended Just For You

Credit Union Management Stories

MBIA Suit Thrown Out of Court; Impact on Credit Unions &#039;Unclear&#039;

MECU Gives $1 Million Back

CU Branch Robbed Three Times in Three Weeks

Texas Capital Again Hosting CUISPA Summit

Fear May Still Drive Deposit Decisions

Consumer Reports Say Products Shrinking

MMA Yield Drop Not Affecting Growth

MBIA Suit Thrown Out of Court; Impact on Credit Unions 'Unclear'