Credit Union Management

SAN DIMAS, Calif. -- Moody's Ratings Service announced yesterday that it has downgraded Western Corporate Federal Credit Union's long-term rating from Aa3 to A2, and placed both that rating and WesCorp's Prime-1 short-term rating on review.

SAN FRANCISCO -- After 15 months of groundwork and NCUA's approval, Credit Union Health Benefits of America, a new health plan nonprofit mutual benefit corporation, will make its debut in early 2009.

BELLEVUE, Wash. -- Online broker ShareBuilder Corp. said deciding which credit unions partnerships to keep and which to end has been a difficult process.

SAN FRANCISCO -- Patelco Credit Union has questioned ShareBuilder Corp.'s statements yesterday that it plans to keep other CU alliances intact.

WASHINGTON -- NCUA spokesman John McKechnie confirmed that the agency's new Credit Union System Investment Program, announced Dec. 9, will increase liquidity in the credit union system, not recover corporate investment losses.

BELLEVUE, Wash. -- Even though the number of credit unions served by ShareBuilder Corp. has declined since being acquired by ING DIRECT, the online brokerage firm is reassuring the industry that alliances are here to stay.