News

NEW YORK - Homeowners can look forward to the smallest increase in homeowners insurance in five years. According to the Insurance Information Institute the cost of insuring homes is expected to rise by only 2.8% in 2004. "Small decreases in the frequency and cost of claims have helped improve insurer...

NEW YORK - Credit unions looking to lower health care costs with Consumer Driven Health Plans may want to focus on program education efforts first. According to a new Towers Perrin survey, a widening gap between employer and employee views on consumer driven health care strategies may undermine the program's...

WEST PALM BEACH, Fla. - Experts say the decision of whether or not to purchase an insurance agency will soon be on the minds of many credit union executives. According to Thomas R. Linn, senior vice president of Concord, Ohio-based insurance consulting firm Marsh Berry and Company, the future is...

SAN DIEGO - With an estimated 60% of credit union chief executive officers slated to retire in the next 10 years - 30% of them within the next three to five years - succession planning should be a priority for credit unions to ensure a smooth leadership transition, according to...

PORTLAND, Ore. - Western Reliance Corporation, a collateral protection insurance and tracking systems provider, has named JoLee Conver chief operating officer. Conver has over 25 years of experience working with financial institutions in various customer service-oriented positions. She will oversee all operational activities including insurance tracking, customer service, claims and...

WASHINGTON-Credit unions and other lenders have been fighting to reform bankruptcy protection laws for several years now and credit union lobbyists have said, though it is not impossible, it is unlikely bankruptcy reform legislation will be signed into law this year. Still the credit union trade associations are pushing just...

BANGKOK, Thailand - Most credit union organizations work in one country, one language, one culture, one government. For the Association of Asian Confederation of Credit Unions (AACCU), which is a regional networking body for credit unions throughout 12 Asian countries, the only constant is the credit union philosophy. The group...

SAN DIEGO -Credit unions are only doing an "average" job in reaching out to the underserved and unbanked, forcing tens of millions of people to seek out alternative financial services such as check cashers and payday lenders. And credit unions only receive average marks for serving the young. A 20-year-old...