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Employee 401(k) Participation Drops

By Staff Writer

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...

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CUs Park Surplus Funds Mainly in Agency Securities

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October 19, 2004

Technology CU Offers Adjustable Rate Certificate Account

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...

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October 19, 2004

Charles Schwab Rolls out Investment-Linked Credit Card

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...

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October 19, 2004

Bank Regulators Blast SEC Broker-Dealer Exemptions Proposal, Question Whether it Conflicts with Existing Regs, Burdens Banks

WASHINGTON - In their most extensive criticism yet, the Federal Reserve Board, the FDIC and OCC have jointly attacked the SEC's broker/dealer exemption proposal concerned that it conflicts with existing regulations and may be a cumbersome waste of time, energy and expenses. In a 32-page, Oct. 8 comment letter, Federal...

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October 19, 2004

Members' Need for Face-to-Face Investment Meetings Met with Pennsylvania State Employee CU's Traveling Mobile Office

HARRISBURG, Pa. - From the most rural parts of the state to bustling epicenters, Pennsylvania State Employees Credit Union believes it has found a niche with a new way to meet its members' investment needs. The $2.2 billion credit union, which prides itself on its virtual structure, rolled out a...

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October 19, 2004

BCM Federal Credit Union Paves $7 Million Road to Recovery after Bentley Financial Services Loss

HOUSTON - It's a subject some credit unions are reluctant to talk about but BCM Federal Credit Union has moved so far beyond a financial catastrophe it ensued more than three years ago, talking is somewhat therapeutic. The $28 million credit union was one of several hundred credit unions impacted...

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October 12, 2004

Mutual Dislike

Banks and conversion consultants trash NCUA's reg governing the credit union-to-bank conversion process. Page 4.

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October 12, 2004

Special Report: Data Processing & Technology

Credit unions continue to utilize third-party vendors for all sorts of add-on services, but it can be dangerous to their IT security. Read about this and other technology news in the special report on pages 24-36.

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Top News Stories

Employee 401(k) Participation Drops

CUs Park Surplus Funds Mainly in Agency Securities

Top 25 Largest CU Investment Portfolios

Recommended Just For You

News Stories

Technology CU Offers Adjustable Rate Certificate Account

Charles Schwab Rolls out Investment-Linked Credit Card

Bank Regulators Blast SEC Broker-Dealer Exemptions Proposal, Question Whether it Conflicts with Existing Regs, Burdens Banks

Members' Need for Face-to-Face Investment Meetings Met with Pennsylvania State Employee CU's Traveling Mobile Office

BCM Federal Credit Union Paves $7 Million Road to Recovery after Bentley Financial Services Loss

Mutual Dislike

Special Report: Data Processing & Technology