News

The traditional model of client's investment book of business being managed by just one advisor may not be as common at credit unions and other financial institutions.

Central Corporate Credit Union President/CEO Bill Walby said his team didn't anticipate U.S. Central's losses before others did. However, the corporate's management and board did make some key policy decisions.

A second Phoenix credit union, the $420 million Arizona Central, has created a Web site to help the state's unemployed to help them find jobs and get financial aid.

Credit unions already enrolled in the U.S. Treasury Department's Making Home Affordable Program said they are working hard to help members behind on their mortgages make it through the so-called "waterfall test."

The Michigan Credit Union League has promoted two staffers to fill two vice president slots replacing Patrick La Pine, former executive vice president who is now president/CEO of the League of Southeastern Credit Unions.

The $14.5 billion Vancity Credit Union said it has sold the majority of its retail loans offered through its online banking division after the service failed to take off.