News

WASHINGTON - Before determining which benchmark is appropriate to determine portfolio and securities performance, credit unions might want to consider each of their characteristics. Callahan & Associates, Inc. reports that benchmarks serve several purposes from evaluating mutual funds and money managers to determining investment portfolio performance. Before a credit union...

MADISON, Wis. - The latest surplus fund data appear to be signaling that credit unions have "adequate" liquidity. Surplus funds, which includes cash and investments, currently total 29.3% of credit union assets but at $202 billion, funds are down 7.9% over the past year, according to CUNA Mutual Group's latest...

DUBUQUE, Iowa - As credit unions continue to build trust services divisions and alliances, some that haven't gone down that road yet may wonder if there's a real need. Six Iowa CUs that formed a partnership with First Community Trust, N.A. in 2001, have offered at least 14 reasons why...

TUKWILA, Wash. - For a credit union like BECU, which serves a large majority of employees who work for Boeing Co., a strike every three years or so is typically expected with both sides eventually agreeing to a favorable contract. But being on a strike, which can run anywhere from...

WASHINGTON-During remarks at NCUA's Fifth Annual Budget Briefing and Public Forum, credit union representatives breathed a sigh of relief when NCUA Executive Director Len Skiles announced that the agency was not expecting to assess an insurance premium for 2006. After Hurricanes Rita and Katrina hit, there was a concern that...

For the latest on CUSOs, including some interesting stats on multi-owned and wholly-owned CUSOs, turn to pages 23-26.