News

MADISON, Wis. - Credit unions continue to hold the largest share of their surplus funds in agency securities. According to the latest CUNA Mutual Group Trends Report, while surplus funds fell by nearly $10 billion in August reflecting both the decline in savings and the increase in loans, 39% of...

Top 25 Largest CU Investment Portfolios

SAN JOSE, Calif. - Technology Credit Union has started offering an adjustable rate certificate account designed to provide investors a high rate of return that fluctuates with rising rates. Tech CU's Adjustable Rate Certificate Account is available in 6-month and12-month terms, each adjusting on the first day of the new...

SAN FRANCISCO - Charles Schwab recently launched a credit card that can be linked to a Schwab investment account but is also available to non-Schwab account holders. The Visa rewards card has no annual fee, a 6.49% variable interest rate, and offers exchange points for free trades in Schwab investment...

WASHINGTON - In their most extensive criticism yet, the Federal Reserve Board, the FDIC and OCC have jointly attacked the SEC's broker/dealer exemption proposal concerned that it conflicts with existing regulations and may be a cumbersome waste of time, energy and expenses. In a 32-page, Oct. 8 comment letter, Federal...

HARRISBURG, Pa. - From the most rural parts of the state to bustling epicenters, Pennsylvania State Employees Credit Union believes it has found a niche with a new way to meet its members' investment needs. The $2.2 billion credit union, which prides itself on its virtual structure, rolled out a...