News

WASHINGTON-The flow of credit unions converting to mutuals is "alive and well," Office of Thrift Supervision Deputy Director Rick Riccobono told his audience at America's Community Bankers Government Affairs Conference. He told the bankers that they would probably see many smaller credit unions and a few larger ones make the...

WINDSOR, Conn. - LIMRA International and the National Association of Credit Union Service Organizations, have recently formed a marketing alliance. Under the agreement, some 400 NACUSO members will now have access to LIMRA's research and services to better support their insurance marketing initiatives. According to LIMRA International Director of Marketing...

Federal Trade Commission Director of Consumer Protection Howard Beales apprised America's Community Bankers of upcoming issues for the agency that may impact the bankers, including Fair and Accurate Credit Transactions Act rules, CAN SPAM rules, and predatory lending. He also noted that this year, FTC must enforce, probably through regulation,...

ST. PAUL, Minn.- The Securian Financial Group has promoted the following employees: Brian Anderson to second vice president, group case underwriting; Barbara Baumann to second vice president mortgage marketing/ administration; Von Peterson to second vice president group client relationships; Steve Thor second vice president, individual/SFS/securian trust systems; and Bruce Shay...

BLOOMINGTON, Ill. - Credit unions may soon be watching their backs when it comes to financial literacy. State Farm has recently launched Common Cents a financial education Web site that provides fun ways for K-12 students to learn basic principles of financial responsibility and money management. Located in the Kid...

WASHINGTON-Treasury Secretary John Snow acknowledged that credit unions' tax exempt status is "teed up for a good debate," but he did not back away from the administration's position supporting credit unions' tax exemption. In clarifying the administration's backing of credit unions' tax exemption to America's Community Bankers Government Affairs Conference,...