Having a 401(k) is second only to health insurance on employees’ list of most important benefits. If your credit union has already taken the crucial step of having a retirement plan in place, consider these additional steps from CUNA Mutual Group to help employees make good decisions about their plans.
Credit unions have 4 days left to provide detailed information about employee retirement plan fees. Is your HR Department ready for the questions?
There is still time to register for the NWCUA Convention and Annual Business Meeting, which will feature CUNA President Bill Cheney, who recently appeared on CNN Money to discuss the distinction between credit unions and banks.
U.S. Treasury Secretary Timothy Geithner accuses Standard & Poorâ€™s of showing â€œreally terrible judgmentâ€ for downgrading the nationâ€™s debt rating from AAA to AA+. Nineteen countries received better ratings from S & P.
While the Fed increased the APR threshold, CUNA notes that credit unions have the option to continue to follow the lower threshold that applied prior to the change.