WASHINGTON - Members erring on the side of caution with short-term investments and "vigorous" efforts by credit unions to woo new savers to buffer recent liquidity pressure have resulted in a surge in savings and mortgages. This, according to Callahan & Associates Inc.'s second quarter research and data report discussed...
WASHINGTON - If experience is the best teacher, then Chuck Zuver has a doctorate degree in "political animal" philosophy needed to navigate the ins and outs of credit union concerns in the capitol city. Zuver, who currently works as a consultant on legislative and regulatory issues primarily for the National...
MADISON, Wis. - In a little over a month's time, one CUNA executive has logged thousands of miles crisscrossing the globe from Germany, down to Bermuda, then to Ireland, as the unofficial ambassador for credit unions. But it's only one part of his job as CUNA's executive vice president and...
URBANA, Ill. - When Canaan Missionary Baptist Church opens its new credit union next month, Rev. B.J. Tatum is hoping some parishioners and residents will reconsider how they save money and where they turn to for loans. The 24-year old church has done its best over the years to move...
BRONX, N.Y. - Hoping to appeal to more residents here who don't have a relationship with a financial institution, amid fanfare and high hopes, Bethex Federal Credit Union opened a second branch to meet their needs. More than 100 people including Bethex members, local officials and credit union industry representatives...
FAIRBORN, Ohio - Wright-Patt Credit Union, Inc. is among the latest credit unions in Ohio to take advantage of new rules that allow charters to serve both select employee groups and "well-defined" communities. The largest credit union in the state, WPCU recently received approval from the Ohio Department of Financial...
WASHINGTON - She's been labeled a "meticulous jurist," and "even-tempered," and her experience has been called into question by some experts on antitrust law. But U.S. District Judge Colleen Kollar-Kotelly made a name for herself last year in credit union circles when she ruled overwhelmingly in their favor allowing them...
NEW YORK - On Aug. 8, 1971, two ordained ministers, a lawyer and a businessman launched the first socially responsible mutual fund, the Pax World Fund, which is now the Pax World Balanced Fund. Pax World Funds celebrated its 30th anniversary on Aug. 9 by issuing a report on the...
WASHINGTON - The average account balance for participants in 401(k) plans in both 1999 and 2000 has remained essentially unchanged, according to a recent report by the Investment Company Institute (ICI) and the Employee Benefit Research Institute (EBRI). At year-end 2000, the average account balance of the 8.3 million individuals...
DENVER - Three-fourths of the nation's top financial planners hold the certified financial planner (CFP) certification, according to a Worth magazine study. Worth ranked the nation's top 250 financial advisors and 196 individuals or 78% of those listed have professional accreditation. Certification is becoming valued among other professions that provide...