News

SAN DIEGO - Weighing the trade-offs between continuing to offer investment services through their CUSO or roll the product back in to the credit union pending the SEC decision, an increasing number of credit unions are opting for the latter choice, says a leading broker/dealer expert for CUSOs. Valorie Seyfert,...

HOUSTON - Shell Employees FCU has formed a CUSO to provide members with financial planning services. The credit union's new wholly-owned subsidiary, Signal Hill Financial Resources will offer tax preparation services and insurance products to the CU's 27,000 members, as well as to non-members who live or work in SEFCU's...

ROSEVILLE, Calif. - Deciding whether to obtain its own broker/dealer license is only one item on Addison Ave. Financial Partners' agenda for 2003. At press time, Addison Ave. President Pete Snyder had initiated a formal investigation in to whether it was feasible for the CUSO to become a licensed broker/dealer....

NEW YORK -Actors Federal Credit Union is leaving its mark on the city that never sleeps - with ATMs. What started in 1999 with just two ATMs has grown exponentially, and the $72 million credit union now boasts 100 ATMs making it a contender in a market dominated by banking...

CU Times Editor-in-Chief PHOENIX, Ariz. - A sluggish economy, loss of consumer confidence, corporate scandals, growing unemployment, and a likelihood of war with Iraq all took a toll in 2002 on investor confidence and Wall Street's performance. Financial services CUSOs have had to tweak the way they consult with their...

A Microsoft SQL hole allowed a worm to shut down ATMs nationwide. See story page 6.