News

LINCOLNSHIRE, Ill. - While the percentage of employees who have enrolled in their company's 401(k) plans rose to 70.3% in 2004 from 69.8% in 2003, the increase is bittersweet given employers' efforts to boost participation. According to a study from Hewitt Associates, a human resources consulting firm, 64% of employers...

WASHINGTON - Most credit unions look to federal agency securities as their investment of choice, comprising 41.6% of the industry's average composition. In a distant second were corporates followed by banks, and savings and loans, according to Callahan & Associates, Inc. Credit unions were least likely to invest in mutual...

HERSHEY, Pa.-"Your Ticket to Ride" was the chosen theme for the 2005 Annual Convention and Exposition sponsored by the Pennsylvania Credit Union Association (PCUA). And, from the emotional tribute honoring 33 credit union employees and immediate family members of CU employees serving active military duty (see sidebar) to the announcement...

MANHATTAN BEACH, Calif. - Employees were the first to get a taste of new trust services offered by Kinecta Financial & Insurance Services, LLC and after a six-week pilot, a full launch is right around the corner. The CUSO is the wholly-owned subsidiary of $2.8 billion Kinecta Federal Credit Union....

SAN DIEGO - As one industry expert put it, once upon a time it was quite "cool" for a member or customer to have multiple accounts at multiple financial institutions. Those days may be heading towards extinction as many seek out outlets that will offer all of their financial wants...

PALO ALTO, Calif. - The list of California credit unions that have moved investment programs out of their CUSOs and in-house has a new addition. The $1.6 billion Addison Avenue Federal Credit Union completed its integration on Jan.1, said Scott Davis, president of Addison Avenue Financial Partners. As a result...