Credit Union Management

Even though the $1.2 billion Anheuser-Busch Employees' Credit Union has had a fairly vibrant investment program since 1988,

Bellco Credit Union doesn't have to pay unrelated business income tax on its income from credit insurance or on royalties from accidental death and dismemberment insurance.

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.