News

WASHINGTON-Senate Banking Committee Member Jack Reed (D-R.I.) told attendees of NAFCU's Congressional Caucus last week that he favored greater private insurance disclosures. Reed explained that he experienced what happened first hand with the Rhode Island insurance debacle and stated, "We don't want to see that happen again." He said that...

WESTLAKE VILLAGE, Calif. - Most dealers interviewed for a recently conducted study by J.D. Power and Associates indicated they plan to increase nonprime business in the next year. The company's 2004 Dealer Financing Satisfaction Study cited several factors influencing dealers' increased interest in subprime financing such as a tough job...

ORLANDO, Fla. - Insight Financial CU credits its indirect lending not only with helping the CU grow its auto loan portfolio, but also increasing member penetration of other products and services it offers. The $356 million, 52,711 member-CU (as of June 30, 2004) has been involved with indirect lending for...

WASHINGTON-House Financial Services Committee Chairman Mike Oxley (R-Ohio) touched on a number of credit union-related issues at NAFCU's Congressional Caucus last week. But few grab credit unions' attention like taxation and regulatory relief. Credit unions are one of the top lobbying groups in Washington, and that is "how you create...

HOUSTON - Who says work can only effectively be conducted at the credit union branch? Since early 2000, Houston Postal Credit Union through its telecommuting program has been slowly building a successful network of "virtual" offices at staffers' homes. HPCU President/CEO Vladimir Stark says several factors combined led to creating...

COSTA MESA, Calif. - Nadaguides.com - a leading publisher of used car values - has launched a side-by-side vehicle comparison tool that lets consumers compare up to four different vehicles simultaneously. The new tool allows consumers to compare new vehicles against used vehicles as far back as 1998. Vehicle buyers...