Several credit unions, a school district and state municipalities were among the victims of a $10 million Ponzi scheme run by a Southfield, Mich., investment adviser, according to the FBI.

U.S. consumer bankruptcy filings continue to increase, jumping 11% for the first nine months of year, the American Bankruptcy Institute reported today.

Account holders with time and money on their side may be turning to certificates of deposit in the $100,000 and above range with terms longer than one year.

Credit union executives wanting to comply with rules on funding and liquidity risk issued by the NCUA and Federal Financial Institutions Examination Council can participate in NAFCU's Oct. 20 webcast on the subject.