News

WASHINGTON - According to many in the corporate network, the dreaded 2% RUDE (reserves, undivided earnings) ratio as it was originally proposed in NCUA's Part 704 revision proposal will not see the light of day in the final reg. "It looks at this point that the 2% RUDE is going...

WASHINGTON - The Association of Corporate Credit Unions is going to commission a study to look at how corporate credit unions can best serve credit unions in the future. The study will be funded by an independent grant from U.S. Central Credit Union. It will be conducted by an outside...

ORLANDO, Fla. - At its annual meeting here, Southeast Corporate FCU elected three directors to fill expiring terms on the board. Jim Mitchell, president/CEO of Army Aviation Center FCU in Dalesville, Ala.; and Ron Fye, president/CEO of Florida Commerce CU in Tallahassee, Fla., were each re-elected to three-year terms. Mitchell...

Here is a sampling of how the ACCU proposes to risk weigh corporates' investment portfolios: Investments 0% Cash & equivalents Repurchase agreements collateralized by Treasury securities Direct Treasury obligations All other securities backed by full faith and credit of US Government 20% Money market instruments issued by OECD depository institutions...

WASHINGTON - The Association of Corporate Credit Unions recently published The Journey - A History of the Corporate Credit Union Network. Commissioned by ACCU and written by John H. Arnold, former CEO of Southwest Corporate FCU, the book looks at the evolution of the corporate credit union network. Arnold started...

COLUMBUS, Ohio -Corporate One FCU certainly isn't the nation's largest corporate, but it may touch more natural person credit unions than any other. Through all of its product offerings, Corporate One has relationships with 2,059 of the nation's credit unions, spanning 41 states and Washington, D.C. Back in January of...

WEST PALM BEACH, Fla. - There's a buzz among corporate credit unions about the prospect of stepping up to help member credit unions serve business accounts. Kathy Garner, president/CEO of Northwest Corporate CU, Portland, Ore., said over the past two months the corporate has been looking at ways of helping...

DALLAS - An asset surge of $1.5 billion in the last 12 months has helped EasCorp's investment advisory CUSO become one of the largest such firms in the nation. ALM First Financial Advisors, LLC, located in Dallas, now has $4 billion under management. Its assets jumped from $3.155 billion as...