Credit Union Management

The Investor Education in Your Workplace program is being rolled out in North Carolina, with an initial quiz and survey set for March 28. Coursework and a final quiz and survey are scheduled for July 1.

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.