News

LONDON, U.K. - Mark Lyonnette has been a busy man attending meetings with top United Kingdom and European Union (EU) officials to raise the profile of credit unions. The president of the Association of British Credit Unions' first meeting was with John McTernan, Tony Blair's Policy Directorate. Lyonette reported on...

MANCHESTER, U.K. - As the new CEO of the Association of British Credit Unions, Ltd. (ABCUL), Mark Lyonette is ready for the many challenges facing the United Kingdom's growing credit union industry. Lyonette has worked for ABCUL since 1998, and when former CEO Shaun Spiers resigned early this year Lyonette...

Credit unions now have the ability to bring investment operations in-house, but does it make sense? Read about this and more investment news on pages 22-26.

The National Credit Union Foundation went outside the industry to find its new executive director. Page 6.

WASHINGTON - An annual survey by the Profit Sharing/401(k) Council of America reveals that 76% of eligible employees participated in their 401(k) plans in 2003, down from 80% the year before. The 2003 research compiled responses from sponsors of 1,161 plans of all sizes, with a combined total of more...

MADISON, Wis. - Credit unions continue to hold the largest share of their surplus funds in agency securities. According to the latest CUNA Mutual Group Trends Report, while surplus funds fell by nearly $10 billion in August reflecting both the decline in savings and the increase in loans, 39% of...