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...

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...

ARLINGTON, Va. - Among the list of items the NASCUS Government Relations Committee is scheduled to take up at its next meeting during NASCUS' annual conference in September, is the bill-H.R. 2796 introduced by Ohio Republican Congressman Robert Ney-that would allow privately insured, state-chartered credit unions to become members of...

VOGELWEH, Germany and PORTSMOUTH, N.H. - What happens when you are a healthy credit union with satisfied members, and then a large number of your members disappear for reasons beyond your control? That is what happened to Service Credit Union (SCU) at its branch in Germany when troop reductions forced...

BATHURST, NSW, Australia and LEICESTER, UK - Two universities, two countries thousands of miles apart, two different training programs, but both have the same goal - train credit union people to be better in their jobs. Charles Sturt University in Australia and Leicester University in England, both have developed advanced...

WEST PALM BEACH - Despite the gloomy forecast that mutual funds have weathered over the past year, there are a plethora of investors who value morals and conscience just as much as returns. Enter socially responsible investing (SRI) which seeks out mutual funds and stocks that are tied to companies...