Debt-Retirement Asset Split Hits Workers in Their 40s

Debt-to-asset ratios tend to look similar for younger U.S. households whether or not the households have any retirement plan assets. For older households, lack of retirement plan assets correlates with terrible debt-to-asset ratios. Craig Copeland, an...

Florida Credit Union to Open M&A Group

The $1.5 billion Achieva Credit Union in Dunedin, Fla., said Wednesday it is forming a national mergers and acquisitions consulting group to help credit unions buy banks.   Achieva Merger Services will assist credit unions and banks in identifying suitable...

Man Sentenced for Stealing CU Auto Loans

An Atlanta man was sentenced to two years in prison for setting up a fake business to steal car loans that cost more than $167,000 in losses for three Virginia credit unions. U.S. District Judge Arenda L. Wright Allen also ordered Sheldon Franklin last month to pay...

What CU Advisors Need to Know About the Fiduciary Rule

Independent registered advisory organizations — fiduciaries before the Obama-era Labor Department expanded the definition of fiduciary advice — are predicted to see a surge in demand under the conflict-of-interest rule, according to most industry...