credit insurance

• CFPB Seeks to Delay Credit Insurance Rule

  By Heather Anderson  |  May 15, 2013

  The Consumer Financial Protection Bureau has issued a proposed rule and request for comment regarding a temporary delay in the June 1 effective date of a final rule provision that would prohibit the financing of credit insurance into a mortgage.

• CFPB Delays Credit Insurance Rule to Clarify Language

  By Heather Anderson  |  May 9, 2013

  Provision was to take effect on June 1. CUNA has asked for extension until January.

• CUNA Asks CFPB to Delay June 1 Credit Insurance Provision

  By Heather Anderson  |  April 22, 2013

  New rules to prohibit charges related to single-premium credit insurance now banned by Dodd-Frank.

• Filene Guide to Other Income

  By Natasha Chilingerian  |  October 31, 2012

  Crafting a noninterest income strategy is an excellent way for credit unions to boost their revenue, but turning members off by unwanted fees in the process can defeat the whole purpose. That’s the premise of a new report from Filene Research Institute in Madison, Wis. titled, “In Search of Member-Friendly...

• Filene Advises on Noninterest Income Strategies

  By Natasha Chilingerian  |  October 22, 2012

  Think firm cites importance of checking fees, GAP income but says don't lose focus on being member friendly.

• Atlantic Financial FCU Adds a SEG

  By Staff Writer  |  September 17, 2012

  Atlantic Financial Federal Credit Union now offers membership to employees of Transamerica Life & Protection. As a select employee group, Transamerica will offer AFFCU membership as part of its benefits package.

• AFFCU Expands SEGs to Include TransAmerica Life

  By Marc Rapport  |  September 10, 2012

  American Financial FCU's Inner Harbor branch is within walking distance to Transamerica employees in downtown Baltimore.

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  Fee Income Focus of NAFCU Conference Sessions

  By Heather Anderson  |  August 5, 2012

  NASHVILLE, Tenn. — Two educational breakout sessions at NAFCU’s annual conference provided ideas to produce fee income that also increase membership value.

• CUMIS Acquirer Buys Another Canadian Insurance Firm

  By Michelle A. Samaad  |  May 14, 2012

  The Co-operators Life Insurance Co., which bought CUMIS Group Ltd. in 2009, plans to acquire another Canadian credit union insurance subsidiary.

• Debt Protection Demand Increases

  By Natasha Chilingerian  |  November 20, 2011

  While credit insurance and debt protection have been long-time staples for credit unions as part of their loan add-on product suites, some experts noticed that they are becoming more of a priority as the industry continues to seek new noninterest income streams.