Credit Union Management

Yesterday's strange trading activity during the market's large sell-off is no surprise given the strong recoveries for most indexes as of late.

For fiscal year 2011, the SEC said it estimates collecting $1.7 billion on transaction and registration fees but that would be offset by the $1.25 billion proposed by President Obama for the agency's operations.

As floodwaters were starting to recede and cleanup efforts begun, Tennessee credit union executives were assessing damage estimates Wednesday from rain-soaked facilities as several branches remained closed in both metro Nashville and Memphis.

The troubled Silver State Schools Credit Union, Nevada's largest, is having to do more belt-tightening and announced the closure of five more branches coming in June as it operates under a consent order with state regulators.

The number of shared branching transactions in Maine has risen significantly thanks to a pair of contests offered by Synergent, a CUSO subsidiary of the Maine Credit Union League.

A survey of 4,000 Americans found that their individual retirement account assets are now greater than in employer-based retirement accounts such as 401(k)s and 403(b)s, according to Cogent Research.