DURHAM, NC - The passage of the U.S. Patriot Act after Sept. 11 that aimed to stop foreign nationals from opening financial accounts using fake identification, may be discouraging immigrants from opening mainstream credit union and bank accounts. John Herrera, board chair of LCCU, went to Washington on Feb. 12...

DENVER - Given the economy's slump, it's not surprising that people in their 20s and 30s have shifted their financial goals towards reducing debt and away from long-term goals such as saving for retirement, as one recent survey found. Likewise, when the Certified Financial Planner Board of Standards, the certifying...

HEATHSVILLE, Va. - Being denied access to small business and agricultural loans for years says the National Black Farmers Association, is about to significantly change after one of the largest banks in the U.S. agreed to assist the group with the start of a federally-chartered credit union. The move comes...

ALTAMONTE SPRINGS, Fla. - As Enron Corp.'s relationship with its auditor, Arthur Anderson continues to come under heavy fire, one trade group has reemphasized the need to spot red flags and be aware of sudden and questionable changes in management style. The Institute of Internal Auditors (IIA), an international association...

NEW YORK - For a credit union that serves members from more than 100 countries, the United Nations Federal Credit Union relies heavily on marketing research to tap into a diversity of needs. The credit union recently reached the billion-dollar asset mark, and Michael Connery, president/CEO, attributes that pinnacle to...

WASHINGTON - A major overhaul of the relationship between companies and the firms they hire to conduct their audits is needed to ensure that investors are getting accurate pictures of financial health, the Consumer Federation of America (CFA) recently said. The CFA outlined recommendations that do away with conflicts of...

CU Times Correspondent-At-Large WASHINGTON - The impact of the new individual retirement account rules which allow investors to contribute an extra $1,000 annually are competing with laws in several states. With passage of the Economic Growth and Tax Relief Reconciliation Act of 2001, investors can now contribute up to $3,000...

HOUSTON - Amid congressional hearings involving Enron Corp. executives and Pres. George W. Bush's stance to take a more microscopic view at 401(k)s, financial advisers assisting credit union members with retirement planning aren't being deluged with concerns over investing in large company stocks. At CUNA Mutual Group, which oversees 2,600...