Credit Union Management

Fourteen investors have settled lawsuits they filed three years ago against American Partners Federal Credit Union and three people connected with it, accusing them of deliberately selling risky investments to benefit themselves and the credit union, according to the Greensboro News Record.

Over the past three years, certificates of deposits have accounted for 118% of all deposit growth.

Vancity experiences a drop in profits in 2007 in part due to a $13.9 million write-down of non- bank asset-backed commercial paper owned by the credit union's subsidiary, Citizens Bank of Canada, which held $77 million of the investments.

Fiberglas Federal Credit Union has cut the ribbon on its new branch located onsite at the Owens Corning Plant in Newark.

More than 450 credit union financial advisors participated in CUNA Brokerage Services Inc's. recent week-long national sales conference aimed at enhancing reps' development and taking their businesses to the next level.

While still a relatively new area for credit unions, trust services continue to command a profitable niche for other financial institutions.