News

Turn to pages 22-27 for the latest news on investments and trust services, including how Iowa and Illinois CUs are using banks to build up their trust business.

WASHINGTON - The SEC has named Joy Gaines Thompson as the acting district administrator of its Philadelphia district office (PDO), the agency announced Oct. 14. Thompson will succeed Arthur Gabinet, who will leave the SEC at the end of October to head up the securities regulation group at the Vanguard...

FITCHBURG, Mass. - Workers' Credit Union recently held a free seminar targeted at women and their financial security. The `Smart Women Finish Rich' session, which was conducted by Workers' Financial Services, the CU's investment and insurance subsidiary, featured presentations on determining where women attendees stood financially; how to invest based...

WASHINGTON - Thanks to a bump in the cost of living adjustment, Social Security monthly checks will soon see a 4.1% increase, the largest hike in more than a decade. Starting in 2006, more than 48 million Americans will get a 4.1% increase in their monthly Social Security checks. The...

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...