News

WASHINGTON - The Association of Corporate Credit Unions plans to have a firm selected by its October annual meeting to conduct the independent study on the future role of corporates. The independent study will be funded by a $100,000 grant from U.S. Central. The study is supposed to look at...

ALEXANDRIA, Va. - NCUA has approved merger plans of the $4.5 billion Empire Corporate FCU, Albany, N.Y., and the $118 million CorpStar FCU, Sioux Falls, S.D. The last step is approval from CorpStar's member CUs. A majority of those CorpStar FCU members voting is needed to approve the merger. If...

WOBURN, Mass. - The $1.2 billion EasCorp and its CUSO, ALM First Financial Advisors, LLC, held their First Annual Partnership Conference recently in Burlington, Mass. At the Partnership Conference, EasCorp announced that ALM First is the nation's largest investment advisory firm exclusively serving credit unions. ALM First provides services to...

ALBANY, N.Y. - NCUA Board member Deborah Matz recently visited the headquarters of Empire Corporate FCU here. In addition to a tour of the corporate's 44,000 square-foot headquarters, Matz also participated in an informal Q&A session with Empire staff members. "We were honored and pleased to have the opportunity to...

ALEXANDRIA, Va. - The NCUA Board needs to make sure it's up-to-date on corporate issues given the effects the proposed new corporate reg, Part 704, will have. NCUA Board members JoAnn Johnson and Deborah Matz have been out and about visiting corporates. Here's a look at recent visits by the...

As the CNBS/U.S. Central Capital Markets, Inc., story on page 1 of this issue points out, corporates are clearly interested in providing brokerage services to their members. These charts below are a good reason why, as they highlight how things have changed in terms of CU investments. While corporates used...