WASHINGTON - In an environment where rates continue to rise, embedded options tend to need closer scrutiny. Embedded options are an asset or liability characteristic, such as coupon rate, coupon-rate formula, final maturity, or weighted-average life, that can change during the term of the asset or liability. The options include,...

LOS ANGELES - Submissions for RSM McGladrey's Best Practice awards continue to grow each year making selecting the winners a more arduous process. More than 100 credit union representatives sent in their submissions within seven categories: accounting and finance; internal audit; compliance; information technology; lending; policies; and miscellaneous. Seventeen nomination...

NASSAU, Bahamas - With the theme of "Making a World of Difference," the African-American Credit Union Coalition recently held its annual conference here. More than 200 traveled to the Caribbean island for the Aug. 10-13 meeting, which also included attendance from natives from the Bahamian credit union movement. "We've made...

AUBURN HILLS, Mich. - Driving through the areas where Cornerstone Community Financial Federal Credit Union has its branches sparked an idea that would make it stand out from its competitors. The $134 million did so in a big way when it recently rolled out an enticing certificate of deposit offer...

MADISON, Wis. - Forty-six credit unions disappeared in June contributing to the net decline of 175 credit unions for the first half of 2005. More merger approvals could lead to a "slightly faster pace" of consolidation for the rest of the year, according to the latest CUNA Mutual Group Credit...

ALEXANDRIA, Va. - State-chartered, federally-insured credit unions should be exempt from NCUA's proposal regarding the sales of nondeposit investment products, NASCUS said. While NCUA intends its Proposed Interpretive Ruling and Policy Statement No. 05-1 to help credit unions conduct third-party brokerage activities in a manner that is legal, protects members...

CHICAGO - The timing seemed right for Coastal Federal Credit Union to make some long-term adjustments to its investment services program. The $1.5 billion credit union recently went from a managed to a dual-employee arrangement under CUNA Mutual Group's MEMBERS Financial Services program. The announcement was made at CUNA Mutual's...

MIRAMAR, Fla. - CU Business Capital, LLC is on a mission to bring the focus back to business deposit services and cash management. The entity is the nearly month-old CUSO formed through the $1.8 billion Eastern Financial Florida Credit Union. The CUSO will offer such solutions as technology, while working...