News

SAN DIEGO -Credit unions are being advised to launch a high-tech war against the technology that is costing financial institutions nearly $20 billion annually in check fraud losses. "We're going to fight technology with technology," insisted Deborah Humbert, senior risk management specialist with the CUNA Mutual Group. "That's what we...

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...