Credit Union Management

As members contemplate the moves they need to make with their investment plans in light of layoffs and market fluctuations, are those credit unions that have yet to enter that realm really losing out?

The SEC said Goldman Sachs & Co. will pay a $550 million fine, the largest penalty ever paid by a Wall Street firm, to the agency, and reform its business practices to settle charges that it misled investors in a subprime mortgage product.

Thanks to a good relationship with its sponsor group and a stroke of luck, the $330 million Vons Employees FCU opened a full service,

Investment advisers will soon have to abide by new SEC rules that curb campaign contributions to elected officials given with the hope of getting lucrative contracts for the management of public pension plan assets.

Consumers appear to be responding to aggressive premiums offered on 48-month certificates of deposit at banks.

CUNA Mutual Group has formed a five-person committee to assure plan sponsors that the investment options in one of its 401(k) programs have been thoroughly screened and monitored.