The IRE website will be unavailable while we complete routine maintenance on Friday, December 17 from 8-10 am CT.
IRE favicon


Resource ID: #12721
Subject: Banks
Source: United Communications Group



Credit Unions invest part of their depositors' money in the money market. To do this, they give the money to an institutional funds manager. A regional institution called Capital Corporation was such a manager, serving 160 credit unions throughout the U.S. Three months before "CapCorp" failed, the National Credit Union Administration regulators rate it "safe." Credit Union Information Service discovered that CapCorp was on the verge of failure due to investments it had made. (Jan. 2, 16, 30, Feb. 13, April 24, May 8, & Sept. 11, 1995)

141 Neff Annex   |   Missouri School of Journalism Columbia, MO 65211   |   573-882-2042   |   |   Privacy Policy
apartmentpenciluserscalendar-fullcrossmenu linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram