News

FOREST GROVE, Ore. - Monty Smith hopes to take remote banking to new heights. If successful, the 40-year-old Smith will conduct a remote transaction with First Tech Credit Union in Beaverton, Ore., from the 20,320-foot summit of Denali (Mt. McKinley) in Alaska. Smith, who has been mountain climbing for about...

UTICA, Mich. - Credit union tech vendors are not apt to turn down business, but a poorly written and presented Request for Proposal from a credit union may have the same effect. Jason Sherrill, president of InetSolution, Utica, Mich., an Internet services firm serving CUs, said some RFPs are just...

See page 3 to see how a Washington CU regulator made the jump to a CU exec.

CUSOs are dealing with many issues these days that are affecting their business model. NACUSO will explore these and other issues at its annual conference May 1-4. For now, read about some of them in a special report on pages 18-20.

PASADENA, Calif. - Wescom Financial Services, a wholly-owned CUSO of Wescom CU, together with Long Term Preferred Care Inc., a division of Cendant Corp., has begun offering long-term care insurance to Wescom's more than 180,000 members throughout Southern California. Members will be able to begin enrolling for the new program...

NEWPORT BEACH, Calif. - NACUSO plans to fully explore at its annual conference May 1-4 the effects on CUSOs if the Securities and Exchange Commission decides not to extend the license exemption applied to CUSOs under the Chubb Securities Letter of 1993, that allows CUSOs to share commissions with broker/dealers....