NEW YORK - Community Development Credit Unions were represented at New York Mayor Michael Bloomberg's Jan. 1 inauguration. Cliff Rosenthal, executive director of the National Federation of Community Development Credit Unions, attended the event as an invited member of the New York City Consumer Council. Rosenthal praised the cooperation New...

5WASHINGTON - On Dec. 30, 2005, the Treasury Department and the IRS issued final regulations regarding sections 401(k) related to designated Roth contributions. Designated Roth contributions allow for employees to designate all or a portion of their section 401(k) employee deferrals as Roth contributions, which would receive treatment much like...

DUBLIN, Ohio-Everywhere, companies are looking to do things cheaper and faster. Credit unions are no exception as evidenced by the hundreds of mergers each year, most to offer a broader range of better services for less outlay of funds. Credit union vendors are feeling this strain of consolidation and compensating...

RALEIGH, N.C. - MNBA, the leading monoline card issuer in the country, and Bank of America have completed their merger. As of Jan. 1 2006, MBNA went from being an independent company to being Bank of America's card arm. Executives from each company continue tying up the deal's loose ends...