Credit Union Management

Small businesses that need surety bonds to compete for construction and service contracts can now qualify for Small Business Administration-backed surety bonds of up to $5 million, the agency said.

The $7 billion The Golden 1 Credit Union yesterday purchased a $500 million private placement, short-term revenue anticipation note from the State of California, which the state issued to make up for budget shortfalls.

If anything, the recent corporate conservatorships prove that risk analysis can ward off problems down the road, according to ALM First Financial Advisors LLC, which bought WesCorp's $1.7 billion investment book of business in 2006.

The SEC charged New York's former deputy comptroller and a chief political adviser for extracting millions of dollars in kickbacks from investment management firms seeking to manage the assets of New York's largest pension fund.

As some commercial properties continue to face foreclosures, Nevada Federal Credit Union is one of 130 merchants that are tenants at a newly-constructed $120 million, 731,799-square-foot retail complex.

The SEC has charged the auditors of Bernard Madoff's broker-dealer firm with fraud for allegedly conducting fake audits and has vowed to go after other accomplices.