Credit Union Management

The SEC and the Commodity Futures Trading Commission said a preliminary review showed that there were no "fat finger" errors, computer hacking, or terrorist activity involved in the May 6 market drop.

NEW ORLEANS - CUNA will prepare a corporate loss estimate report that will be made public within the next two months. Chief Economist Bill Hampel made the announcement this morning during the trade's CFO Council Conference general session.

NEW ORLEANS - Credit unions are experimenting with leasing small spaces for mini-branches, rather than buying or constructing larger locations.

New Orleans -- If a $1 billion credit union borrowed $100 million in strategically laddered advances, and invested those funds in low-risk mortgage pools, it could add as much as $600,000 to interest income.

NEW ORLEANS - A record 358 CUNA CFO Council members are attending today's annual conference here, according to Cheryl Sorenson, CUNA conference and meetings manager.

While savings at credit unions were up 2.2% year-to-date to $787 billion, compared to first quarter data over the past four years, growth may have reached its peak for the industry.