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Restrictions are Continuing to Push CUs to Mutual Charter, OTS Official Says

By Staff Writer

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...

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March 16, 2004

Six Execs

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...

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March 16, 2004

State Farm Sets Sights On Students

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...

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March 16, 2004

Snow Welcomes Credit Union Tax Debate, Not Backing Down

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,...

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March 16, 2004

SWBC Hires New Executive

SAN ANTONIO - Southwest Business Corporation (SWBC), an insurance, mortgage and investment provider, has appointed David Horne executive vice president/chief administrative officer. Prior to joining SWBC, Horne co-founded and served as chief operations officer for Orbis Online, a technology services company, over the past four years. A graduate of the...

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March 16, 2004

Nontraditional Outlets Key To Life Insurance Future

NEEDHAM, Mass. - Recent TowerGroup research suggests that non-traditional distribution outlets such as wirehouses, banks or even insurance CUSOs may revitalize the life insurance market. "It's imperative that insurers approach this market with a fresh perspective relative to products, distribution and operations," said Cindy Saccocia, senior analyst in the Insurance...

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March 16, 2004

Powell Says CUs Should Be Taxed, Mixed Feelings on CUs in Biz Lending

WASHINGTON-Federal Deposit Insurance Corporation Chairman Don Powell reiterated his belief that credit unions should be taxed during a speech to America's Community Bankers Government Affairs Conference. He briefly showcased an advertisement ACB placed in The Hill newspaper and elsewhere, featuring a bright yellow rubber ducky with the usual "quacks like...

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March 09, 2004

Special Report: CUSOs

South Florida Acceptance Corp., an indirect lending CUSO, is coming up on its first anniversary and has good reason to celebrate the collective auto purchasing power of its owner CUs' members. Read up on them and other CUSO news on pages 20 and 21.

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Top News Stories

Restrictions are Continuing to Push CUs to Mutual Charter, OTS Official Says

LIMRA, NACUSO Team Up For Credit Unions

Beales Updates Bankers on Coming Regs

Recommended Just For You

News Stories

Six Execs

State Farm Sets Sights On Students

Snow Welcomes Credit Union Tax Debate, Not Backing Down

SWBC Hires New Executive

Nontraditional Outlets Key To Life Insurance Future

Powell Says CUs Should Be Taxed, Mixed Feelings on CUs in Biz Lending

Special Report: CUSOs