News

A kindergarten preparatory program has become a beneficiary of the CUNA Mutual Group Foundation's new company-wide commitment to help area children. The Children's Service Society of Wisconsin has received a $218,000 contribution from the foundation to help start up two local "KinderReady" programs designed to provide the necessary skills to...

Assets under management in separately managed accounts have grown $32 billion, or 4.1%, to reach $805.8 billion in the third quarter of 2006, the most current data as reported by the Money Management Institute.

Despite new pushes by the bankers for the Community Reinvestment Act to cover credit unions given the Democratic control of Congress, legislators said they do not foresee credit unions coming under CRA.

NASCUS Chairman Linda Jekel, director of credit unions for Washington State, told CUNA's Governmental Affairs Conference that federal and state chartered credit unions must bond together as they face the expected IRS ruling on unrelated business income tax.

NCUA Vice Chairman Rodney Hood touted member business lending as one way for credit unions to further serve their communities during an address last week at CUNA's Governmental Affairs Conference.

Members of Eastern Financial Florida Credit Union will have an expanded investment and insurance program thanks to the financial institution's alliance with Independent Financial Marketing Group, Inc.