Credit Union Management

ORLANDO, Fla. - Credit unions must reinvent their collections procedures to match the current economic conditions or risk seeing their losses climb sharply, according to a collections executive and consultant.

Locke Capital Management Inc. allegedly created a fake, Switzerland-based billion dollar client in an attempt to attract legitimate investors, the Securities and Exchange Commission said today.

As the Dow Jones industrial average plummeted past 7000 yesterday, the drop could lead to another round of mutual fund redemption and hedge fund sales.

WASHINGTON -- The U.S. Treasury's Community Development Financial Institutions Fund is almost ready to release the procedures for accessing some of the $100 million that Congress appropriated for the fund as part of the economic stimulus package.

Financial advisers at Navy Federal Assets Management LLC have access to a new managed account platform thanks to a partnership with FundQuest, a registered investment advisory firm.

One of the credit union movement's best friends in Congress was on the ropes politically. So who are you going to call?