News

WASHINGTON - Investments topped the $2 billion mark for credit unions with the most invested. No surprise Navy Federal Credit Union ranked first in investments with nearly $7 billion followed by Alliant CU with $2.4 billion. From there, the amounts drop off from $2 billion to $487 million invested by...

TAMPA, Fla. - MEMBERS Trust Co. has promoted John Largent to chief investment officer. Largent joined MEMBERS Trust in 2004 as senior investment officer. He has more than 20 years of financial services experience and holds an undergraduate degree in Finance/Banking and a Master of Business Administration degree from the...

LINCOLNSHIRE, Ill. - While the percentage of employees who have enrolled in their company's 401(k) plans rose to 70.3% in 2004 from 69.8% in 2003, the increase is bittersweet given employers' efforts to boost participation. According to a study from Hewitt Associates, a human resources consulting firm, 64% of employers...

WASHINGTON - Most credit unions look to federal agency securities as their investment of choice, comprising 41.6% of the industry's average composition. In a distant second were corporates followed by banks, and savings and loans, according to Callahan & Associates, Inc. Credit unions were least likely to invest in mutual...

HERSHEY, Pa.-"Your Ticket to Ride" was the chosen theme for the 2005 Annual Convention and Exposition sponsored by the Pennsylvania Credit Union Association (PCUA). And, from the emotional tribute honoring 33 credit union employees and immediate family members of CU employees serving active military duty (see sidebar) to the announcement...

MANHATTAN BEACH, Calif. - Employees were the first to get a taste of new trust services offered by Kinecta Financial & Insurance Services, LLC and after a six-week pilot, a full launch is right around the corner. The CUSO is the wholly-owned subsidiary of $2.8 billion Kinecta Federal Credit Union....