News

The National Credit Union Foundation went outside the industry to find its new executive director. Page 6.

WASHINGTON - An annual survey by the Profit Sharing/401(k) Council of America reveals that 76% of eligible employees participated in their 401(k) plans in 2003, down from 80% the year before. The 2003 research compiled responses from sponsors of 1,161 plans of all sizes, with a combined total of more...

MADISON, Wis. - Credit unions continue to hold the largest share of their surplus funds in agency securities. According to the latest CUNA Mutual Group Trends Report, while surplus funds fell by nearly $10 billion in August reflecting both the decline in savings and the increase in loans, 39% of...

Top 25 Largest CU Investment Portfolios

SAN JOSE, Calif. - Technology Credit Union has started offering an adjustable rate certificate account designed to provide investors a high rate of return that fluctuates with rising rates. Tech CU's Adjustable Rate Certificate Account is available in 6-month and12-month terms, each adjusting on the first day of the new...

SAN FRANCISCO - Charles Schwab recently launched a credit card that can be linked to a Schwab investment account but is also available to non-Schwab account holders. The Visa rewards card has no annual fee, a 6.49% variable interest rate, and offers exchange points for free trades in Schwab investment...