Navigating the Choppy Seas of a Risky Business

Risk comes from all sides at credit unions. The cooperative nature of credit unions in particular can magnify the risk because the industry is so interdependent as they all quickly learned when the US Central, WesCorp and other corporates went south. Credit unions and the NCUA can work to reshape th...

Full description

Saved in:
Bibliographic Details
Published in:Credit Union Times 2010-07, Vol.21 (28), p.4
Main Author: Cooke, Sarah Snell
Format: Article
Language:English
Subjects:
Credit unions
Deposit insurance
Risk management
Online Access:Get full text
Tags: Add Tag
No Tags, Be the first to tag this record!
cited_by
cites
container_end_page
container_issue 28
container_start_page 4
container_title Credit Union Times
container_volume 21
creator Cooke, Sarah Snell
description Risk comes from all sides at credit unions. The cooperative nature of credit unions in particular can magnify the risk because the industry is so interdependent as they all quickly learned when the US Central, WesCorp and other corporates went south. Credit unions and the NCUA can work to reshape the corporates in hopes of preventing the next crisis, but it will always come. Credit unions could better control what other institutions they were doing business with in a private deposit insurance pool, but those putting more money in would likely expect more control.
format article
fullrecord <record><control><sourceid>proquest</sourceid><recordid>TN_cdi_proquest_reports_855944869</recordid><sourceformat>XML</sourceformat><sourcesystem>PC</sourcesystem><sourcerecordid>2286690061</sourcerecordid><originalsourceid>FETCH-LOGICAL-p529-4b2dd88b220127fe30a75669a7d5b81c1198ea248ff75eee8663010d36f2e8403</originalsourceid><addsrcrecordid>eNp9zM1OwkAUQOFZYCIi7zA8QM2d_ztLbRRNiCbCnkztHagaOvYWEt7eha5Znc2XMxFTBQ6rELy9FjfMnwAWTYSpuHtNp26Xxu6wk-OeZL3vSznLNSWWfZZJvnf8dZYPR-4OxHwrrnL6Zpr_dyY2T4-b-rlavS1f6vtVVZyOlW102yI2WoPSIZOBFJz3MYXWNag-lIpISVvMOTgiQu8NKGiNz5rQgpmJxd-2DP3PkXjcDlT6YeQtOhetRR8vmGB0jACA5heKpUas</addsrcrecordid><sourcetype>Aggregation Database</sourcetype><iscdi>true</iscdi><recordtype>article</recordtype><pqid>855944869</pqid></control><display><type>article</type><title>Navigating the Choppy Seas of a Risky Business</title><source>EBSCOhost Business Source Ultimate</source><creator>Cooke, Sarah Snell</creator><creatorcontrib>Cooke, Sarah Snell</creatorcontrib><description>Risk comes from all sides at credit unions. The cooperative nature of credit unions in particular can magnify the risk because the industry is so interdependent as they all quickly learned when the US Central, WesCorp and other corporates went south. Credit unions and the NCUA can work to reshape the corporates in hopes of preventing the next crisis, but it will always come. Credit unions could better control what other institutions they were doing business with in a private deposit insurance pool, but those putting more money in would likely expect more control.</description><identifier>ISSN: 1058-7764</identifier><language>eng</language><publisher>New York: ALM Media Properties, LLC</publisher><subject>Credit unions ; Deposit insurance ; Risk management</subject><ispartof>Credit Union Times, 2010-07, Vol.21 (28), p.4</ispartof><rights>Copyright National Underwriter Company dba Summit Business Media Jul 21, 2010</rights><rights>copyright 2011 Credit Union Times</rights><woscitedreferencessubscribed>false</woscitedreferencessubscribed></display><links><openurl>$$Topenurl_article</openurl><openurlfulltext>$$Topenurlfull_article</openurlfulltext><thumbnail>$$Tsyndetics_thumb_exl</thumbnail><link.rule.ids>312,778,782,789</link.rule.ids></links><search><creatorcontrib>Cooke, Sarah Snell</creatorcontrib><title>Navigating the Choppy Seas of a Risky Business</title><title>Credit Union Times</title><description>Risk comes from all sides at credit unions. The cooperative nature of credit unions in particular can magnify the risk because the industry is so interdependent as they all quickly learned when the US Central, WesCorp and other corporates went south. Credit unions and the NCUA can work to reshape the corporates in hopes of preventing the next crisis, but it will always come. Credit unions could better control what other institutions they were doing business with in a private deposit insurance pool, but those putting more money in would likely expect more control.</description><subject>Credit unions</subject><subject>Deposit insurance</subject><subject>Risk management</subject><issn>1058-7764</issn><fulltext>true</fulltext><rsrctype>article</rsrctype><creationdate>2010</creationdate><recordtype>article</recordtype><recordid>eNp9zM1OwkAUQOFZYCIi7zA8QM2d_ztLbRRNiCbCnkztHagaOvYWEt7eha5Znc2XMxFTBQ6rELy9FjfMnwAWTYSpuHtNp26Xxu6wk-OeZL3vSznLNSWWfZZJvnf8dZYPR-4OxHwrrnL6Zpr_dyY2T4-b-rlavS1f6vtVVZyOlW102yI2WoPSIZOBFJz3MYXWNag-lIpISVvMOTgiQu8NKGiNz5rQgpmJxd-2DP3PkXjcDlT6YeQtOhetRR8vmGB0jACA5heKpUas</recordid><startdate>20100721</startdate><enddate>20100721</enddate><creator>Cooke, Sarah Snell</creator><general>ALM Media Properties, LLC</general><scope>3V.</scope><scope>7XB</scope><scope>885</scope><scope>8FK</scope><scope>8G5</scope><scope>ABUWG</scope><scope>AFKRA</scope><scope>ANIOZ</scope><scope>AZQEC</scope><scope>BENPR</scope><scope>BEZIV</scope><scope>CCPQU</scope><scope>DWQXO</scope><scope>FRAZJ</scope><scope>FRNLG</scope><scope>GNUQQ</scope><scope>GUQSH</scope><scope>K60</scope><scope>K6~</scope><scope>L.-</scope><scope>M1F</scope><scope>M2O</scope><scope>MBDVC</scope><scope>PADUT</scope><scope>PQBIZ</scope><scope>PQBZA</scope><scope>PQEST</scope><scope>PQQKQ</scope><scope>PQUKI</scope><scope>Q9U</scope></search><sort><creationdate>20100721</creationdate><title>Navigating the Choppy Seas of a Risky Business</title><author>Cooke, Sarah Snell</author></sort><facets><frbrtype>5</frbrtype><frbrgroupid>cdi_FETCH-LOGICAL-p529-4b2dd88b220127fe30a75669a7d5b81c1198ea248ff75eee8663010d36f2e8403</frbrgroupid><rsrctype>articles</rsrctype><prefilter>articles</prefilter><language>eng</language><creationdate>2010</creationdate><topic>Credit unions</topic><topic>Deposit insurance</topic><topic>Risk management</topic><toplevel>online_resources</toplevel><creatorcontrib>Cooke, Sarah Snell</creatorcontrib><collection>ProQuest Central (Corporate)</collection><collection>ProQuest Central (purchase pre-March 2016)</collection><collection>Banking Information Database (Alumni Edition)</collection><collection>ProQuest Central (Alumni) (purchase pre-March 2016)</collection><collection>Research Library (Alumni Edition)</collection><collection>ProQuest Central (Alumni)</collection><collection>ProQuest Central</collection><collection>Accounting, Tax &amp; Banking Collection</collection><collection>ProQuest Central Essentials</collection><collection>ProQuest Central</collection><collection>Business Premium Collection</collection><collection>ProQuest One Community College</collection><collection>ProQuest Central Korea</collection><collection>Accounting, Tax &amp; Banking Collection (Alumni)</collection><collection>Business Premium Collection (Alumni)</collection><collection>ProQuest Central Student</collection><collection>Research Library Prep</collection><collection>ProQuest Business Collection (Alumni Edition)</collection><collection>ProQuest Business Collection</collection><collection>ABI/INFORM Professional Advanced</collection><collection>Banking Information Database</collection><collection>Research Library</collection><collection>Research Library (Corporate)</collection><collection>Research Library China</collection><collection>One Business (ProQuest)</collection><collection>ProQuest One Business (Alumni)</collection><collection>ProQuest One Academic Eastern Edition (DO NOT USE)</collection><collection>ProQuest One Academic</collection><collection>ProQuest One Academic UKI Edition</collection><collection>ProQuest Central Basic</collection><jtitle>Credit Union Times</jtitle></facets><delivery><delcategory>Remote Search Resource</delcategory><fulltext>fulltext</fulltext></delivery><addata><au>Cooke, Sarah Snell</au><format>journal</format><genre>article</genre><ristype>JOUR</ristype><atitle>Navigating the Choppy Seas of a Risky Business</atitle><jtitle>Credit Union Times</jtitle><date>2010-07-21</date><risdate>2010</risdate><volume>21</volume><issue>28</issue><spage>4</spage><pages>4-</pages><issn>1058-7764</issn><abstract>Risk comes from all sides at credit unions. The cooperative nature of credit unions in particular can magnify the risk because the industry is so interdependent as they all quickly learned when the US Central, WesCorp and other corporates went south. Credit unions and the NCUA can work to reshape the corporates in hopes of preventing the next crisis, but it will always come. Credit unions could better control what other institutions they were doing business with in a private deposit insurance pool, but those putting more money in would likely expect more control.</abstract><cop>New York</cop><pub>ALM Media Properties, LLC</pub></addata></record>
fulltext fulltext
identifier ISSN: 1058-7764
ispartof Credit Union Times, 2010-07, Vol.21 (28), p.4
issn 1058-7764
language eng
recordid cdi_proquest_reports_855944869
source EBSCOhost Business Source Ultimate
subjects Credit unions
Deposit insurance
Risk management
title Navigating the Choppy Seas of a Risky Business
url http://sfxeu10.hosted.exlibrisgroup.com/loughborough?ctx_ver=Z39.88-2004&ctx_enc=info:ofi/enc:UTF-8&ctx_tim=2025-01-15T16%3A52%3A14IST&url_ver=Z39.88-2004&url_ctx_fmt=infofi/fmt:kev:mtx:ctx&rfr_id=info:sid/primo.exlibrisgroup.com:primo3-Article-proquest&rft_val_fmt=info:ofi/fmt:kev:mtx:journal&rft.genre=article&rft.atitle=Navigating%20the%20Choppy%20Seas%20of%20a%20Risky%20Business&rft.jtitle=Credit%20Union%20Times&rft.au=Cooke,%20Sarah%20Snell&rft.date=2010-07-21&rft.volume=21&rft.issue=28&rft.spage=4&rft.pages=4-&rft.issn=1058-7764&rft_id=info:doi/&rft_dat=%3Cproquest%3E2286690061%3C/proquest%3E%3Cgrp_id%3Ecdi_FETCH-LOGICAL-p529-4b2dd88b220127fe30a75669a7d5b81c1198ea248ff75eee8663010d36f2e8403%3C/grp_id%3E%3Coa%3E%3C/oa%3E%3Curl%3E%3C/url%3E&rft_id=info:oai/&rft_pqid=855944869&rft_id=info:pmid/&rfr_iscdi=true