Credit Union Management

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.

With developers and landlords anxious to deal, construction crews eager for work and attractive locations available, it seems a good time to open another branch or build a new headquarters.