Credit Union Times | Accurate and Timely CU News

Managers Need to Share the Pain, Says Pay Consultant

By Jim Rubenstein

Top management of credit unions must now be aware "they are no different from any other industries sharing the economic pain" and look toward possible compensation reductions, a California salary consultant warned Thursday.

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CUs to Pay for Massive Rescue of Corporates

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US Central's $1.2 Billion OTTIs From Private Label MBS

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January 28, 2009

TruMark Financial CU Joins $1 Billion Club

TREVOSE, Pa. -- A 16% growth spurt in 2008 has helped TruMark Financial Credit Union reach $1 billion in assets.

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January 28, 2009

401k Holders Keep Contributing, Hardship Withdrawals Trend Up

BOSTON -- While employees continue to contribute to their 401(k) plans, the average workplace savings account balance dropped 27% in 2008 to $50,200 from $69,200 in 2007, according to Fidelity Investments.

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January 28, 2009