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NACUSO Protests NCUA Guidance on Nondeposit Investments

By Michelle A. Samaad

Third-party brokerage arrangements for the sale of nondeposit investment products outlined in a recent NCUA guidance letter contain duties some federal credit unions may not have the ability to perform.

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Boomers in Canada Report Mixed Outlook on Retirement

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January 25, 2011

Widow's Failed Brokerage Account Causes Finger Pointing

The $21 billion State Employees' Credit Union is in the middle of a legal quandary involving a widow who opened up a failed brokerage account with a defunct, credit union-formed broker-dealer and investment firm.

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January 25, 2011

United Nations FCU CUSO Extends Reach to Caribbean

Members of the Cooperativa San Jos? Credit Union in the Dominican Republic will have access to investment services through an alliance with United Nations Federal Credit Union.

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January 25, 2011

Robbers Often Strike at the Same Branch Multiple Times

The $1.4 billion Ascend Federal Credit Union, headquartered in Tullahoma, Tenn., made headlines when one of its branches was robbed three times in three weeks.

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January 24, 2011

Affluent Trust CUs, Banks for Financial Advice

Consumers with between $50,000 and $250,000 in assets available for investment said they are highly satisfied with the advice they receive from their credit unions and banks.

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January 23, 2011

Volunteers to Test Out CU Estate Planning Program

Nearly 3,000 volunteers with State Employees' Credit Union's advisory board and board of directors will have the opportunity to test out a new estate planning pilot program.

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January 23, 2011

New York Times Runs Correction on SECU Brokerage Story

The New York Times said it mistakenly linked an employee that worked with a defunct credit union broker to State Employees' Credit Union in a story involving a brokerage account complaint.

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January 20, 2011