TITLE

Going Once, Going Twice

AUTHOR(S)
Jepson, Kevin
PUB. DATE
March 2009
SOURCE
Credit Union Journal;3/23/2009, Vol. 13 Issue 12, p20
SOURCE TYPE
Trade Publication
DOC. TYPE
Article
ABSTRACT
The article reports that credit unions (CUs) have already engaged in the application of online auction sites to encourage investments in the U.S. David Bieneman, vice president and chief financial officer at State Central, notes that auction sites have a lower interest-rate environment that allows CUs' net interest margin to go down. It also features the online auction site MoneyAisle.com where banks insured by the Federal Deposit Insurance Corp. bid in real time to get deposits.
ACCESSION #
38596087

 

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