Credit Union Management

For his role in the loss of $65 billion from former clients, Bernard Madoff today pleaded guilty to 11 counts of theft, money laundering, fraud and perjury and now faces up to 150 years in prison.

According to a published report, NCUA has filed an $11.8 million claim to recoup losses against the estate of a deceased financial adviser who worked with the defunct New London Security Federal Credit Union.

Early signs of economic recovery could come during the next six months, according to a Charles Schwab survey of more than 1,200 independent financial advisers.

ORLANDO, Fla. - Consultants attending the Card Analysis Solutions Card Management School say that a greater percentage of credit unions are closing and reissuing credit/debit cards reported compromised in the Heartland Payment Systems breach.

ORLANDO, Fla. - Credit unions must reinvent their collections procedures to match the current economic conditions or risk seeing their losses climb sharply, according to a collections executive and consultant.

Locke Capital Management Inc. allegedly created a fake, Switzerland-based billion dollar client in an attempt to attract legitimate investors, the Securities and Exchange Commission said today.