Credit Union Management

Altura Credit Union, Riverside, Calif., this month closed its branch office at E. Florida Ave. in Hemet, Calif., and merging it with its second Hemet branch office at 320 S. Sanderson

In the digital age, with more and more members contacting their credit unions through the Internet or a mobile device, traditional branches can seem a bit quaint and old-fashioned.

A case involving a widow who opened up a brokerage account with the defunct, CU-formed XCU Capital LLC, its shell later bought by State Employees' Credit Union, is in the middle of a regulator and legal quagmire.

Baby boomers said they are entering retirement with on average 12% fewer assets today than they had four years ago, according to a Cogent Research study.

CUDL will be representing its more than 900 partnering credit unions at the National Automobile Dealers Association Convention for the eighth consecutive year. The convention will take place Feb. 5 to 7 at the Moscone Convention Center in San Francisco.

Credit unions and banks located in cities such as New York, Philadelphia, Chicago, Los Angeles and San Francisco may have an advantage when it comes to deposit balances.