Increasingly, employers who provide their employees with a retirement plan are relying on 401(k) and similar defined contribution
plans instead of defined benefit plans. As a result, participants are paying more of the cost of managing their pension plans,
which can take a substantial toll on their retirement savings.
CUNA continues to have grave concerns with the Federal Accounting Standards Board credit impairment proposal, concerns it expressed in a letter to National Credit Union Administration Chair Debbie Matz Tuesday.
Guilty pleas and a conviction for charges of theft have led to three of four prohibition orders barring former federal credit union employees from participating in the affairs of any federally insured financial institution, the National Credit Union Administration announced Tuesday.