News

WASHINGTON - When it comes to investments as a percentage of assets, the industry average is nearly 32% for the top credit unions in that category with the average yield at 2.82%, according to Callahan & Associates, Inc. Below is the top 25 in this category.

NEW BERLIN, Wis. - It's only been a couple of weeks since Landmark Credit Union's investment services were revamped but member feedback has been overwhelmingly positive. Effective July 1, the $975 million credit union made its investment services program a department within the fold rather than through its previous arrangement...

BALTIMORE-With only $203 million in assets and 80,000 members, ASI Federal Credit Union is not your ordinary credit union. Even though 50% of the credit union's loan portfolio is in mortgages and small business loans, according to ASI FCU President and CEO Audrey Cerise, their average loan is $10,000. Part...

ALEXANDRIA, Va. - An NCUA rule that allows pass-through share insurance coverage for college savings plans is sufficient as long as the account owner is a member of the federally insured credit union where the account is maintained and the account is properly titled, the regulator recently said. The Wisconsin...

BALTIMORE-Things are not always as they seem. Maryland Credit Union League President and CEO Mike Beall explained this to attendees of the latest Partnering and Leadership Successes workshop, like payday loan borrowers. Beall related Energy Federal Credit Union's experience with its alternative payday loan program, which has done 4,000 such...

AUBURN HILLS, Mich. - USA FCU recently shared the success it's having with Principal Financial Group's Retire Secure plan. The CU has been offering Retire Secure since 1996 and participation rates among employees are as high as 96%, Tina Marie Wohlfield, USA Federal's HR administrator recently told Employee Benefit News....

BALTIMORE-Five credit unions were recognized in a recent study for their efforts to combat payday lending, while NCUA Board Member Debbie Matz was commended for speaking out on the issue. Sheila Bair, the dean's professor of financial regulatory policy at the University of Massachusetts-Amherst School of Management, released a study...

BURWOOD, Australia - Two Australian credit union support organizations are in the process of merging to offer a better service to credit union managers and directors. They will begin operations as a single organization January 1, 2006. They plan to offer "a fully integrated suite of programs targeted to the...