News

WASHINGTON - So much has changed on the credit union political scene in Washington. JoAnn Johnson and Deborah Matz have joined the NCUA Board, replacing Yolanda Wheat and Geoff Bacino. Some legislative issues, like bankruptcy reform, are the same, but new issues have emerged such as a regulatory relief bill...

The IRS is seeking help from credit unions, and credit unions are obliging as they are reaping ancillary benefits. See story page 4.

From the effects of the Enron debacle on CUs to the impact of new IRA rules, there's a lot happening in the world of investments. Read about it on pages 16-19.

WASHINGTON - A major overhaul of the relationship between companies and the firms they hire to conduct their audits is needed to ensure that investors are getting accurate pictures of financial health, the Consumer Federation of America (CFA) recently said. The CFA outlined recommendations that do away with conflicts of...

CUNA's News Now conducted an informal online poll during the week of Feb. 4 of which 98 CU respondents answered questions regarding whether there's been an increase in retirement planning inquiries from members since Enron Corp.'s troubles began. Here are some of the responses collected: Source for all charts: CUNA

HOUSTON - Amid congressional hearings involving Enron Corp. executives and Pres. George W. Bush's stance to take a more microscopic view at 401(k)s, financial advisers assisting credit union members with retirement planning aren't being deluged with concerns over investing in large company stocks. At CUNA Mutual Group, which oversees 2,600...

WASHINGTON - The original 20 credit unions that aligned to form Trust for Credit Unions nearly 15 years ago faced a marketing conundrum during a time when mutual funds were green to the industry and skepticism lingered. Thanks to some heavy pavement pounding in the early days and "strong yields,"...

When the Minnesota Twins play their first home game on April 12, Affinity Plus CU will be right there with them. See page 13 for details.