Credit Union Management

NEW YORK -- The trustee overseeing the liquidation of Bernard Madoff Investment Securities LLC will receive $28 million from a Bank of New York Mellon Corp. account to help cover related expenses.

NEW YORK -- When more than 1,000 human resource officers were recently asked what concerns they were hearing the most, many said employees are worried about the economic turmoil's impact on their retirement plans.

WARRENVILLE, Ill. -- Balance Sheet Solutions' SimpliCD program is expanding beyond natural person credit unions, the CUSO announced today.

NEW YORK -- According to a list published by the Wall Street Journal of the nearly 100 investors tied to the $50 billion Bernard L. Madoff Ponzi scheme, credit unions and those with ties to the industry are not among the victims.

SAN DIMAS, Calif. -- Moody's Ratings Service announced yesterday that it has downgraded Western Corporate Federal Credit Union's long-term rating from Aa3 to A2, and placed both that rating and WesCorp's Prime-1 short-term rating on review.

SAN FRANCISCO -- After 15 months of groundwork and NCUA's approval, Credit Union Health Benefits of America, a new health plan nonprofit mutual benefit corporation, will make its debut in early 2009.