News

ST. Paul, Minn.-Minnesota Life Group Insurance has reported a 96% increase in new annual premium for 2001. In addition, the company retained 96% percent of its existing clients. "This is our sixth consecutive year of outstanding sales results," said James E. Johnson, senior vice president, Group Insurance. "While growth rates...

BOCA RATON, Fla. - Completing its first full year, the Credit Union Service Organization Members Insurance Services, L.L.C. is slowly picking up speed. "Our game plan was to be profitable in less than five years," said Members Insurance Services Board President Barry Hughes. "Now even in a worse case scenario-we...

Credit unions need to know what's on the minds of the bankers. On page 38 readers will find coverage of the America's Community Bankers recent GAC held in Washington. Credit unions came up on a number of occasions, but the banking group says it has bigger fish to fry.

STAMFORD, Conn. - The Internet is a popular place to do business, for good or ill, according to a study that shows that online fraud losses in 2001 were 19 times that of offline sales. But the study by GartnerG2, a business strategy research service of Gartner Inc., also shows...

CORVALLIS, Ore. - The $410 million Wabash County Farm Bureau Credit Union here needed a core processing system that could handle the uniqueness of agriculture loans. As the DP story on page 1 (continued on 16-17) shows, credit unions may begin making DP decisions based on their business account capabilities....

RIVERSIDE, Calif. - Surf and sun may be on the minds of a lot of young Californians, but for Scott Murray and Jeremiah Worthington, the big thing was creating a home-grown online lending system that's now saving their employer a cool $120,000 a year or so. Using what was available...

COLUMBIA, S.C. - From brochureware to community portals to account aggregation, what a long, strange trip it's been for Web sites in credit union land, and who knows where it's going next? Bill Wagner's willing to hazard a guess. "In the not-so-distant future, the most functional CU Web site will...

COLUMBIA, S.C. - As more consumers move to the Web for their financial services, it's becoming increasingly crucial that credit unions help them when they get there. Because of that, self-service tools - from the simplest FAQ's to emerging technical wizardry such as virtual agents - are also becoming increasingly...