Credit Union Management

SAN DIEGO -- Sinking mortgage rates will help relieve unrealized loss pressures at corporates this year, said portfolio managers for the four largest corporates.

CAMBRIDGE, Mass. -- Investors are more concerned about with whether a mutual fund company will be around for the long term than a fund's actual performance, according to a new Cogent Research survey.

WASHINGTON -- Nearly a month after Bernard L. Madoff's $50 billion Ponzi scheme was exposed, the Securities and Exchange Commission has discovered two more that allegedly bilked investors out of nearly $75 million.

TAMPA, Fla. -- Barclays Global Investors iShares has selected MEMBERS Trust Company for inclusion in its inaugural Exchange-Traded Fund Managed Solutions guide, the only credit union-linked entity to make the cut.

SCHAUMBURG, Ill. -- Members of Motorola Employees Credit Union are probably not too surprised to hear that Motorola Inc. has made the decision to permanently freeze its U.S. defined benefit pension plans.

BOSTON -- Broker-dealer LPL Financial Corp. said to streamline operational costs, it will have to reduce its staff by 10% however the division that serves credit unions will not be affected.

NEW YORK -- The trustee overseeing the liquidation of Bernard Madoff Investment Securities LLC will receive $28 million from a Bank of New York Mellon Corp. account to help cover related expenses.

NEW YORK -- When more than 1,000 human resource officers were recently asked what concerns they were hearing the most, many said employees are worried about the economic turmoil's impact on their retirement plans.