News

WASHINGTON - Continuing the trend from year-end 2004, federal agency securities continue to retain the top spot on where credit unions are investing followed a distant second by corporate credit unions, Callahan reports. Mutual funds were the least likely spot for investments at 1.3%.

WASHINGTON - When it comes to investments as a percentage of assets, the industry average is nearly 32% for the top credit unions in that category with the average yield at 2.82%, according to Callahan & Associates, Inc. Below is the top 25 in this category.

NEW BERLIN, Wis. - It's only been a couple of weeks since Landmark Credit Union's investment services were revamped but member feedback has been overwhelmingly positive. Effective July 1, the $975 million credit union made its investment services program a department within the fold rather than through its previous arrangement...

BALTIMORE-With only $203 million in assets and 80,000 members, ASI Federal Credit Union is not your ordinary credit union. Even though 50% of the credit union's loan portfolio is in mortgages and small business loans, according to ASI FCU President and CEO Audrey Cerise, their average loan is $10,000. Part...

ALEXANDRIA, Va. - An NCUA rule that allows pass-through share insurance coverage for college savings plans is sufficient as long as the account owner is a member of the federally insured credit union where the account is maintained and the account is properly titled, the regulator recently said. The Wisconsin...

BALTIMORE-Things are not always as they seem. Maryland Credit Union League President and CEO Mike Beall explained this to attendees of the latest Partnering and Leadership Successes workshop, like payday loan borrowers. Beall related Energy Federal Credit Union's experience with its alternative payday loan program, which has done 4,000 such...