News

WASHINGTON - America's Community Bankers recently urged legislators to oppose a bill amendment that could strike increased deposit insurance coverage for IRAs. At issue is S. 1562, the Safe and Fair Deposit Insurance Act of 2005 of which Sen. Jim Bunning (D-Ky.) has called for an amendment to strike increased...

ENGLAND and SCOTLAND - Scotland's credit unions are deemed a success story, but England's 600 credit unions need to change drastically if they are to survive in the modern world, according to a report written by Tina Barnes and Paul Jones. The report compares Scottish credit unions with those in...

BRATTLEBORO, Vt. - The rise in gas and oil prices has some looking at other investments including those that have ties to environmentally-friendly companies. The New Alternatives Fund, for instance, is seeing renewed interest. Launched in 1982, it screens for companies that produce nuclear power, oil, and coal burning, as...

ALEXANDRIA, Va. - Pentagon FCU has tapped Internet-based brokerage FOLIOfn Investments, Inc. to become its exclusive provider of online brokerage and investment services. Members of the $8 billion CU will be able to purchase a range of stocks, exchange traded funds, mutual funds and American Depository Receipts, as well as...

WASHINGTON - A look at the top 50 credit unions in investments reveals that the average yield ranges between 2.32% and 5.03%. That's according to data from Callahan & Associates, Inc., which tracked investments at 9,062 credit unions for the period ending June 30. To make the top 50 listing,...

NEW YORK- When it comes to decisions on investment planning, men tend to carry out this function more than women. That's according to a recent survey from mutual fund company OppenheimerFunds Inc., which surveyed 1,000 investors. When it comes to buying and selling stocks for the family, 44% of men...