Credit Union Management

The $635 million Charter Oak Federal Credit Union said it will continue to work with the company that recently bought an insurance owned by one of its CUSOs.

Up until his death in July, former CEO DeFarra "Dean" Gaymon was working on re-opening a Credit Union of Atlanta branch to serve in a historic and underserved area of downtown Atlanta.

Individual retirement account holders tend to stick with regular contributions and increase their deposits each year, according to an industry survey.

Rates on certificates of deposit at Internet-based banks may be above the national average rate but they come in second at some traditional financial institutions.

Third Degree Advertising, an Oklahoma City agency, has opened an office in Durham, N.C., its very first expansion on the East Coast aimed at serving an industry intent on leveraging CU advantages over banks.

Thanks to excess liquidity, low term deposit rates and changes in the corporate credit union system, the two-year-old Accolade Investment Advisory, LLC is reporting $905 million currently under management.