News

EUGENE, Ore. - As the popularity of real estate-related investments continues to swell, one credit union is counting on its established relationship with a family-owned business to offer such options to its members. SECLO Credit Union recently acquired Frontier Investments Co., one of Oregon's oldest issuers of mortgage-backed securities. The...

SAN DIEGO - As credit unions await the U.S. Securities and Exchange Commission decision on whether an exemption will be extended that would circumvent CUSOs not having to be licensed to conduct broker-dealer transactions, one firm is already laying the groundwork. CUSO Financial Services (CFS) recently launched BD Build, an...

In a little-known survey, CUNA is asking 2,400 CUs how well they are serving low-income members. Page 4

Anything to do with CUs doing more to serve businesses is hot news these days. See related stories on page 6 and 29.

BREMERTON, Wash. - Carol Schillios seems to collect small credit unions in rural villages of foreign developing countries that need her expertise like some people collect antique furniture. This 5'4" blonde dynamo primarily works in Africa - Mali, Senegal, Zimbabwe, Uganda & Malawi; Asia - Philippines, Indonesia; and Eastern Europe...

SKAPJE, Macedonia - Most American credit union managers' jobs do not involve being evacuated during a civil war. Martha Ninichuk's did as part of her role as Project Director of a combined USAID and World Council of Credit Union (WOCCU) project that began in Macedonia in 1995. It was only...