News

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...

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...

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.

Turn to page 18 for the latest stats on CU card portfolio sales, and on page 19 see what former Suncoast Schools FCU CEO Perry Dawson thinks about the portfolio sell-off trend.

KENTWOOD, Mich. - CU*Answers, the core processing CUSO formerly known as WESCO, is planning on holding its first productivity roundtable April 26-27 at Harvey's Resort at Lake Tahoe, Nev. According to CU*Answers President/CEO Randy Karnes, the event is designed to encourage a dialogue between credit union leaders around the concepts...

Despite more credit unions paying increased attention to managing their card portfolios, credit union card portfolios still largely languished in 2003, according to NCUA's call report data for the year. AssetExchange, a leading broker of credit union card portfolios, also illustrated some of these faltering trends in a recent report....