News

WASHINGTON - The average account balance for participants in 401(k) plans in both 1999 and 2000 has remained essentially unchanged, according to a recent report by the Investment Company Institute (ICI) and the Employee Benefit Research Institute (EBRI). At year-end 2000, the average account balance of the 8.3 million individuals...

Until now, credit unions have taken baby steps in socially responsible investing. Still industry watchers say that despite the beating mutual funds have taken over the past year, SRI is on the upswing, and credit unions may be the next group it attracts. What are SRIs and what is their...

GDANSK, Poland - Two Polish credit unions have responded to help members whose lives have been torn apart by recent flooding. Over 600 people were recently made homeless and five people died when torrential rains caused two rivers in Radunia and Strzy and a number of local streams to overflow....

STAMFORD, Ct. - Stamford Municipal Employees FCU was approved by the state Department of Banking to convert to a state charter. The credit union will be known as Stamford Credit Union. It is the first federal-to-state charter conversion to be approved by the Department of Banking since the former Sikorsky...

DENVER - Three-fourths of the nation's top financial planners hold the certified financial planner (CFP) certification, according to a Worth magazine study. Worth ranked the nation's top 250 financial advisors and 196 individuals or 78% of those listed have professional accreditation. Certification is becoming valued among other professions that provide...

BROCKTON, Mass. - Talk about paying members to come in. Brockton Credit Union recently drew attention to its new full-service branch in Middleborough with a seven-foot tall "Money Tree" complete with artificial one, five and ten dollar bills. Twenty-two finalists submitted guesses on the amount of money growing on the...