Credit Union Management

William Eckhardt, a CUNA Mutual Board member since 2005 and president/CEO of Alaska USA Federal Credit, has resigned from the director post ahead of a planned "competing" business venture in the insurance area, it was announced today.

In separate moves, two of the struggling sand state credit unions, the $851 million Arrowhead Central CU in California and the $370 million AEA FCU of Yuma, Ariz., found themselves suffering more of the recession's fallout this month.

To hear the lament of the Missouri Credit Union Association, it was a "bolt out of the blue" when the state highway agency last week notified 10 small credit unions that they must vacate their offices by Sept. 30.

Corporate One Federal Credit Union has begun offering investment products and other securities-related services from Pleasant Ridge, Mich.-based broker-dealer Multi-Bank Securities Inc.

Without a doubt, the most loyal members at USE Credit Union are those who have been around for decades and consider the cooperative not just their primary financial institution but the only one worthy of their business.

ATLANTIC CITY, N.J. -- NCUA Associate Region II Director for Operations Herb Yolles told New Jersey credit unions today that NCUA examiners are going to on the lookout for five particular problems.