Credit Union Management

SAN ANTONIO -- Former NASCUS chairman George Reynolds received the organization's Pierre Jay Award, which honors contributions to state-chartered credit unions.

From the list of 56 products, a group of credit union and CUSO executives identified seven that relate to small business owners and the financial institutions that serve them.

These days, CUNA Mutual Group says it pays out nearly $3.4 million in claims each day, which is a historical leap from the $40 death benefit it first paid 75 years ago.

Several credit unions, a school district and state municipalities were among the victims of a $10 million Ponzi scheme run by a Southfield, Mich., investment adviser, according to the FBI.

Account holders with time and money on their side may be turning to certificates of deposit in the $100,000 and above range with terms longer than one year.

Three credit unions received the Best Practices Award at the CUNA Technology Council's 15th annual conference last week in Las Vegas.