WASHINGTON - More taxpayers are opting for traditional individual retirement accounts than other related plans, the IRS report. From its Spring 2004 Statistics of Income Bulletin, the IRS reported that at the end of 2000, 46.3 million taxpayers held IRAs worth $2.6 trillion in fair market value. The bulk -...

ARLINGTON, Va. - Credit unions have relied on minimum balances and monthly fees to control share draft account expenses over the last couple years while earnings have been tight. NAFCU's July Flash Report survey discovered that 39% of respondents used minimum balances on share draft accounts to help control expense,...

DENVER - The $2.4 million, 1,398 member Denver Community Development Credit Union merged with the $196 million Denver Community Federal on June 25. But the same day, according to Denver Community Federal, one of its members' hauled it into court in an involuntary chapter 11 bankruptcy proceeding. "As far as...

WASHINGTON-The Government Accountability Office's report concerning secondary capital for credit unions, is not going to be a ringing endorsement in favor of the option, according to one lobbyist. CUNA Vice President for Legislative Affairs and Senior Legislative Counsel Gary Kohn told Credit Union Times that reliable sources have informed him...