Credit Union Times | Accurate and Timely CU News

New Retirement Savings Plan for Low-Income Workers, Without Cost to Employers

By Lynn Cavanaugh

The federal government would make annual contributions to the retirement savings accounts, while low-income workers give up the tax breaks they receive for investing in 401(k) accounts, in a new Penn Wharton plan.

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Velera's 'Go Forward Approach' in a Post-Merger World

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Affinity Plus FCU Now Live on FedNow & RTP Instant Payments Rails

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August 22, 2024

Florida's Tyndall Federal Credit Union Appoints New CEO

John M. Parillo takes over the helm from Jim Warren who retires after 37 years of service in the credit union movement.

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August 21, 2024

Patelco's Ransomware Investigation Confirms Member & Employee Information Exposed

The California CU does not say how many former and current members' and employees' personal information may have been affected.

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August 20, 2024

Billion-Dollar Florida Credit Unions Announce Preliminary Agreement to Merge

The combined Launch CU and Community CU of Florida would manage $2.7 billion in assets and serve more than 143,000 members.

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August 20, 2024

Michigan's Financial Plus CU Launches BNPL for Debit Transactions

The credit union is one of over 30 working with vendor equipifi to offer the pay-over-time service to members.

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August 19, 2024

MSUFCU Unveils First Cohort of 'Women of Sparta' Program

The credit union announces a new and "revolutionary" approach to its NIL program.

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August 19, 2024

MBA Lowers Mortgage Forecasts Again

But the Mortgage Bankers Association has this year coming up rosier thanks to a big downward revision for 2023.

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August 19, 2024

U.S. Eagle FCU Plans to Buy Southwest Capital Bank

If approved by shareholders and regulators, the proposed acquisition is expected to close during the second quarter of next year.

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Top News Stories

New Retirement Savings Plan for Low-Income Workers, Without Cost to Employers

Velera's 'Go Forward Approach' in a Post-Merger World

Affinity Plus FCU Now Live on FedNow & RTP Instant Payments Rails

Recommended Just For You

News Stories

Florida's Tyndall Federal Credit Union Appoints New CEO

Patelco's Ransomware Investigation Confirms Member & Employee Information Exposed

Billion-Dollar Florida Credit Unions Announce Preliminary Agreement to Merge

Michigan's Financial Plus CU Launches BNPL for Debit Transactions

MSUFCU Unveils First Cohort of 'Women of Sparta' Program

MBA Lowers Mortgage Forecasts Again

U.S. Eagle FCU Plans to Buy Southwest Capital Bank