Members 1st Federal Credit Union Goes TRO
18.05.12
SPRINGFIELD, Mass., May 1, 2012 /PRNewswire via COMTEX/ --
Members 1st Federal Credit Union (Members 1st) has made the move to Total Retirement Outsourcing ("TRO"). The Mechanicsburg, Pa.-based credit union has decided to consolidate the administration of its defined benefit, 401(k) and 457 retirement plans with a single provider. After undergoing a comprehensive provider search process led by independent consulting firm Strategic Retirement Group, Inc., Members 1st selected MassMutual's Retirement Services Division as the new provider for its defined benefit and defined contribution plans (with total combined assets of nearly $30 million). The provider search included top TRO providers and also included credit union niche players.
Members 1st is an organization that remains deeply committed to a program that generates adequate retirement income for career associates. Through this provider search process, Members 1st sought to gain access to state-of-the-art technology, consolidated participant communications, and a comprehensive array of services. There was also a desire to make the plans easy to use for associates in multiple locations. According to Members 1st, overall retirement program costs were significantly reduced as a result of retaining MassMutual to provide administrative services.
Source: MarketWatch (press release)
Churchill Mortgage Finalist for “Best in Business” by Nashville Business Journal
18.05.12
Winners are selected through a rigorous process that begins with
nominations from the community. Independent judges then analyze nominees
based on predetermined criteria such as revenue over a three-year
period, current growth, marketing strategy and other accomplishments.
Once reviewed, the judges screen nominees to determine which companies
qualify as finalists for each of the categories.
“The companies that made the list this year have proven themselves to be
pillars in the Nashville business community, and we’re excited to be
recognizing them for all of their contributions,” said Kate Herman,
president and publisher of the Nashville Business Journal . “These
companies span every industry, but all have strong leadership, solid
business plans and a positive company culture that results in growth and
overall success. The Nashville Business Journal congratulates the
2012 Best in Business Awards finalists.”
Source: EON: Enhanced Online News (press release)