Credit Union Management

CU Exchange guest blogger Andrew McGeorge, senior portfolio strategist with CNBS, offers advice on how smaller credit unions might buy securities.

The failure of U.S. Central Federal Credit Union was caused by the risky investment practices of its management and by insufficient examinations by the NCUA and weak regulation.

Broker-dealer PrimeVest Financial Services has signed on the $5.2 billion American Airlines Federal Credit Union to provide investment and insurance solutions.

ALEXANDRIA, Va. -- Well-capitalized CAMEL 1 and 2 federal credit unions will have stricter rules on fixed assets, stress testing and member business loans, as a result of the NCUA Board's decision today to change regulatory flexibility in several areas.

Credit unions were a definite presence at the BAI Retail Delivery trade show this week and to one veteran attendee the buzz was all around mobile.

The Justice Department said Tuesday it won't appeal a federal court's decision that Bellco Credit Union doesn't have to pay unrelated business income tax on income from credit insurance or royalties from accidental death and dismemberment insurance.