Credit Union Management

House Financial Services Committee Chairman Barney Frank (D-Mass.) reiterated once again that he plans to hold a full committee hearing on the Credit Union Regulatory Improvements Act (H.R. 1537) this fall.

For some credit unions, hiring more financial advisors and drumming more referrals may be the drivers to boosting their investment programs, which, not surprisingly, currently lag behind their bank counterparts.

House Financial Services Committee Chairman Barney Frank (D-Mass.) has had a good relationship with credit unions, but that will not shield them from consideration under an expansion of the Community Reinvestment Act.

NAFCU's 2007 Congressional Caucus coverage

Pete Snyder, who started his own investments and insurance consulting company, Snyder Consulting Solutions after leaving the Addison Avenue Partners' CUSO and later joining Kinecta Credit Union, has now formed an alliance with Gateway Services Group, LLC of Denver.

As an article in Saturday's Denver Post took note of some Colorado credit unions' exposure to mortgage loans, including the "troubles" at Norlarco in Fort Collins, where loans in Lee County Florida make up 20% of the portfolio (with $70 million in default) two mortgage-centered CU associations are meeting here...