Credit Union Management

Western Corporate Federal Credit Union defendants sued by seven mid-sized credit union members include the seized institution's entire board of directors and supervisory committee as well as two volunteers who had already left the board.

Defendants in a suit charging negligence and fiduciary breach began to change Western Corporate Federal Credit Union's investment focus in or around 2003 when they invested in more mortgage- and asset-backed securities, plaintiffs claim.

Seven mid-sized credit unions filed a negligence and breach of fiduciary duty suit in Los Angeles County Superior Court against officers and directors of failed $18 billion Western Corporate Federal Credit Union.

As we all go through the rollercoaster of the budget season and I'm pecking away at this column from a Las Vegas hotel room,

The transformation of American residential homes into "international speculative financial assets" was a stunning move that is at "dead center of the international financial crisis," economist Max Fraad Wolff told California/Nevada league members.

With more than 76 million baby boomers living in the United States, many of them are quickly approaching retirement.