Credit Union Management

Almost half of all financial assets held by households with people age 65 and older can now be considered in retirement income "draw-down" mode, according to a new research report from Hearts & Wallets.

Las Vegas has become the industry hot spot this month for heated public dialogue about federal vs. private insurance with both NCUA Chairman Debbie Matz and American Share Insurance CEO Dennis Adams taking turns at media megaphones.

The $59 million A-K Valley Federal Credit Union, headquartered in Pittsburgh, has announced that it is closing one of its four branches because the branch has been robbed too often.

Despite challenging economic times and heavy criticism of the defined contribution system, companies and participants remained committed to their retirement plans in 2008 and 2009.

After resisting such a move for months, American Share Insurance Inc., the Ohio-based private carrier,

Gesa Financial Credit Union has officially launched its new investment arm, Gesa Financial Solutions.

The acquisition of the CUMIS Group Limited, once majority-owned by CUNA Mutual Group, was completed on Dec. 31, the company's buyers Canada-based Central 1 Credit Union and Co-Operators Life Insurance Co. said.

American Mutual Share Insurance Corp. announced that at its Dec. 23 board meeting the board declared a 2009 special premium assessment of 15 basis points.