News

WASHINGTON-With the shake up that occurred during the 2002 elections, many seats on important committees have been switched around, including the House Financial Services and Senate Banking, Housing and Urban Affairs committees. These two committees probably have the most impact on credit union activities in the entire congressional committee system....

An Iowa credit union loses bid to acquire bank assets (page 3); Utah credit unions continue to battle back bank attacks as tax bill awaits vote (page 6).

Hoyt Lakes Community CU has proven small size doesn't have to mean a CU can't offer trust services. Read how Hoyt Lakes CCU did it and other investment news on pages 18-20.

MADISON, Wis. - If consumers continue to purchase big-ticket items such as homes and cars - the main contributors to the U.S. economy's "modest" level of growth - low interest rates and tax cuts may be around the corner for 2003, this according to MEMBERS Capital Advisers economic outlook for...

VALLEY FORGE, Pa. - Vanguard Group has edged Fidelity Investments to become the nation's biggest mutual-fund company. According to Competitrack Inc., an advertising tracking firm, Vanguard spent more than any other company on mutual-fund advertising. Vanguard has nearly half a trillion dollars in stock and bond funds and is "one...

YONKERS, N.Y. - As the Securities and Exchange Commission recently approved a new rule that requires mutual funds to disclose important information about their proxy voting policies and the votes they cast for the shares of stock owned by the funds, Consumer Reports identified five things mutual funds should tell...