News

The average 401(k) balance has gone from $67,760 at the end of 1999 to $121,202 at the end of 2006, according to a new study from the Employee Benefit Research Institute and the Investment Company Institute.

While CUSO participation is on the rise in the industry, the entities still are not the formidable players some advocates would like to see them be.

Mike Hearne, the controversial CEO of the $314 million Lafayette Federal Credit Union is no longer with the institution, according to sources familiar with the situation.

It's official, barring any unforeseen objections from the Iowa Commissioner of Insurance or Iowa Attorney General, the CUNA Mutual Life Insurance Company and CUNA Mutual Insurance Society will merge sometime later this year.

The number of lawmakers backing the Credit Union Regulatory Improvements Act (H.R. 1537) reached 121 this week, including primary sponsor Paul Kanjorski (D-Pa.).

The number of lawmakers backing the Credit Union Regulatory Improvements Act (H.R. 1537) reached 121 this week, including primary sponsor Paul Kanjorski (D-Pa.).