Credit Union Management

The Financial Service Centers Cooperative, one of two nationwide shared branching networks serving credit unions, has announced that three more CUs have signed on to start offering shared branching services to their members.

Broker-dealer firms that are "vigorously" recruiting representatives with large, up-front bonuses and enhanced commissions were warned by the SEC that the agency will be watching for conflicts of interests.

The $1.7 billion Community America Credit Union of Kansas City is on a roll with branches in Walmart stores by planning to open three more facilities this fall including one this week.

As the impact of the current economy has taken its toll on corporate credit unions, looking to next year, CUNA Mutual has decided to adapt its bond program accordingly.

Royal Credit Union, Accentra Credit Union and Cornerstone Credit Union have partnered with INVEST Financial Corp. for brokerage and investment services.

Effective October 19, the Federal Home Loan Bank of Boston will no longer purchase mortgages with primary mortgage insurance provided by mortgage insurer CMG Mortgage Insurance.