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ST. PETERSBURG, Fla.-Acting NCUA Chairman Dennis Dollar told a group of agency managers last week that he would strive for a minimum 4% reduction in NCUA staffing. As autumn draws near, it's once again time for NCUA to consider its budget, which could be considerably affected by the move. Earlier...

WASHINGTON - The average account balance for participants in 401(k) plans in both 1999 and 2000 has remained essentially unchanged, according to a recent report by the Investment Company Institute (ICI) and the Employee Benefit Research Institute (EBRI). At year-end 2000, the average account balance of the 8.3 million individuals...

Mike Welch's July 25th publisher's column on the lack of controversy at credit union conferences was right on. In my personal opinion, the reason so many conferences are now "sterile" and civilized, with less spirited discussion of issues, is because volunteers are disappearing from leadership roles and the paid staff...

WASHINGTON-The U.S. Secret Service Financial Crimes Division, a division of the Treasury Department, issued a memo to the Office of the Comptroller of the Currency to be distributed to all member institutions on fraud prevention with the issuance of the tax rebate checks. The memo warns financial institutions that cash...

Looking back five years ago finds credit unions able to offer their employees 401(k) retirement plans. "When we realized Congress, and particularly House Ways and Means Chairman Bill Archer (R-Texas), were definitely intent this year on moving ahead with 401(k)s for nonprofits, our staff and many leagues jumped right in...

DENVER - Three-fourths of the nation's top financial planners hold the certified financial planner (CFP) certification, according to a Worth magazine study. Worth ranked the nation's top 250 financial advisors and 196 individuals or 78% of those listed have professional accreditation. Certification is becoming valued among other professions that provide...

NEW YORK - CarDay Inc. here, an auto buying service that combines bricks with clicks, has partnered with AutoValueCenter, Butler, Pa., a car buying firm that assists CUs in providing financing for autos bought at dealerships, to bring members more access to purchase certified used cars using credit union financing....

The number of outside surveys involving credit unions, either directly or indirectly, is rapidly increasing. It seems that the interest level in dissecting and understanding credit unions and CU member behavioral patterns has never been greater. Let's look at some recent surveys. Credit unions love the survey of 1,001 consumers...