Credit Union Management

Running counter to prevailing trends, the $1.4 billion Texas Dow Employees Credit Union detailed Thursday what it described as an "aggressive expansion and growth" plan encompassing five new branches in east Texas for 2010.

The NCUA is in talks with Wells Fargo and an accounting firm, two of the entities involved in the recovery of $11.8 million from a deceased financial adviser who worked with the defunct New London Security Federal Credit Union.

The trillion-dollar growth in individual retirement account assets was part of the motivation behind MEMBERS Trust Co.'s product launch that includes features of a trust.

Regardless of the title behind their names, SEC Chairman Mary Schapiro said all securities professionals should be subject to the same fiduciary duty when it comes to serving investors.

Vons Credit Union is looking to lead the green movement in El Monte, California by example.

Houston-based People's Trust Federal Credit Union is charting new ground next week: making plans to open its first stand-alone branch in a former and abandoned Washington Mutual-now Chase Bank-branch.

Addison Avenue has officially expanded its reach in San Jose. The move is a result of the Palo Alto, Calif.-based credit union's acquisition of USE Credit Union's San Jose branch.

The $1.5 billion Arizona Federal Credit Union is taking another step toward retrenchment next year by closing eight Phoenix area branches, including in-store branches located in Wal-Mart facilities.