ARLINGTON, Va. - Credit unions continue to have shorter investment maturities as liquidity swells and hints of another Fed rate cut looms, according to NAFCU's latest findings. More than 55% of credit unions recently surveyed by NAFCU indicated that the maturity of their investment portfolios had shortened during the third...
CLEVELAND -Several credit unions are caught in the middle of an ugly battle to keep one of the largest steel-making plants in the nation from shutting down. Members employed by LTV Corp., the fourth-largest integrated steel maker in the nation who are served by at least four credit unions are...
MADISON, Wis. - At a time when investing for strong returns are eagerly anticipated but often short, credit unions have continued to pool their money into what it takes to make development projects and community outreach programs happen. The National Credit Union Foundation (NCUF) recently adopted changes to its Community...
ALEXANDRIA, Va. - It's been a year since UniTrust Financial Services, LLC launched with the promise of offering credit union members mutual funds, annuities, insurance, online portfolios and other brokerage services. And while the nation's economy has been stuck on dormant, UniTrust has since added Wright Patman Congressional FCU to...
GUELPH, Ontario - A roll of the dice, $25,000 in hand, and some keen personal strategies for navigating the mutual fund market are all of the makings of a new game targeted at novice and experienced investors Competitive Edge Enterprises, Inc. recently launched Mutual Mania, a fast-paced investment board game...
CORPUS CHRISTI, Texas - Navy Army Federal Credit Union is bracing for the aftermath of a recently-settled lawsuit involving a local employer that will pay roughly $40 million, after taxes, to 3,000 of its members. How does a credit union prepare for such a windfall of cash flow? One plan...
WASHINGTON - A dramatic increase in liquidity and fallout from the Federal Reserve's interest rate cuts saw credit unions experiencing higher than normal numbers in short-term investments, according to the just-released Callahan & Associates 2002 Credit Union Directory. Figures for the year ending June 30 show a "dramatic" increase in...
ARLINGTON, Va. - While hard figures on the number of credit unions that have done business with Bentley Financial Services, Inc. and Entrust Group-the firms being sued by the SEC for offering uninsured CDs-may be hard to come by, some say the impact is expected to be crucial. NCUA requested...
BIRMINGHAM, Ala. - With hopes that an investment in faith-based organizations will help to bridge the economic gap between the poor and rich, more than 130 credit union representatives attended a national conference here that addressed solutions to closing that margin. The National Federation of Community Development Credit Unions (NFCDCU)...
MONTPELIER, Vt. - Several local banks and one credit union here have been charged with not doing enough to accommodate the visually impaired with their usage of automated teller machines, according to a complaint filed with the state's Human Rights Commission. The complaint charges Chittenden Bank, Howard Bank, Northfield Savings...