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Four New Socially Responsible Investment Mutual Funds Available

By Staff Writer

CAMBRIDGE, Ontario Canada, - Meritas Financial Inc. announced the launch of four new socially responsible investment (SRI) mutual funds that will be available through Group Retirement Services, a division of Great-West Life Assurance Company and London Life Insurance Company. The funds include one balanced fund and three equity funds. Of...

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Investors Using Internet for Research Grows Three-Fold Since 1999

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Tax Credit for Individual Development Accounts Could Benefit Credit Unions

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February 18, 2003

Bush's Proposed Retirement, Savings Accounts Include:

Lifetime Savings Accounts (LSA) * Can be used for any type of savings. * Allows savers of any age and income to contribute up to $7,500 each year. * Unlimited, penalty-free withdrawals. * Contributions not deductible. * Not required to document qualified expenses. Retirement Savings Account (RSA) * Can only...

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February 18, 2003

As Bethlehem Steel Gets Buyer, Employee Pension Plans Expected to Remain Intact

BETHLEHEM, Pa. - With the recent announcement that Bethlehem Steel will be bought by International Steel Group, the status of pension plans for retired workers seems to be safe. In December 2002, company officials discovered that Bethlehem Steel's pension plan was underfunded by $3.2 billion and would be turned over...

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February 18, 2003

Despite Small Size, Hoyt Lakes Community CU Adds Trust Services in its Aim for `Primary Financial Institution' Status

HOYT LAKES, Minn. - When Hoyt Lakes Community Credit Union set out to align with a firm that would provide trust services in a quest to become the primary financial institution for its 5,100 members, some were skeptical given the credit union's size. But Don Werdick, Hoyt Lakes' president/CEO, said...

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February 18, 2003

Teachers Federal Credit Union Grows Despite Intense Competition From Area Banks

FARMINGVILLE, N.Y. - President/CEO Robert Allen glances out the window of his office at Teachers Federal Credit Union and counts. "There are three banks within sight of my office," he reports. "One prides itself on being open seven days a week. We're open a full six days a week." That's...

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February 18, 2003

Some See Pres. Bush's Proposed Retirement Accounts as End to Traditional IRAs, Credit Unions Wait and See

WASHINGTON - The recently-proposed retirement accounts by Pres. Bush aim to eliminate the bowl of "confusing alphabet soup" and the "endless maze of confusing rules," the U.S. Treasury touted shortly after the president's proposals were made in January. At issue are the creation of several new accounts that do away...

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February 11, 2003

An Open Book

Leaders of CU24 and Concord say CUs will have all the information they need to vote on the merger. Page 8.

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February 11, 2003

Special Report: CUSOs

Despite the pummeling Wall St. took in 2002, financial services CUSOs finished the year strong and ahead of 2001 in key areas. Read about what they did and other CUSO news in a special report on pages 18-20.

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Top News Stories

Four New Socially Responsible Investment Mutual Funds Available

Investors Using Internet for Research Grows Three-Fold Since 1999

Tax Credit for Individual Development Accounts Could Benefit Credit Unions

Recommended Just For You

News Stories

Bush's Proposed Retirement, Savings Accounts Include:

As Bethlehem Steel Gets Buyer, Employee Pension Plans Expected to Remain Intact

Despite Small Size, Hoyt Lakes Community CU Adds Trust Services in its Aim for `Primary Financial Institution' Status

Teachers Federal Credit Union Grows Despite Intense Competition From Area Banks

Some See Pres. Bush's Proposed Retirement Accounts as End to Traditional IRAs, Credit Unions Wait and See

An Open Book

Special Report: CUSOs