HOUSTON - Southwest Corporate is one of the more diverse corporates around in terms of product offerings, but one product is really thriving of late -item processing. Although the number of checks being written is going down, Southwest Corporate said its item processing business grew by 14% last year, prompting...
WEST PALM BEACH, Fla.- As spreads get ever tighter for corporates, they are looking to bring their fee income more in line with their net interest income. In years past it wouldn't be uncommon for a corporate to have fee income that was just a tenth of their net interest...
The latest stats from NCUA indicate that some 61% of credit unions are eligible for the regulation that is designed to reduce credit unions' regulatory burden. Page 25.
Private insurance has been a tidal wave of controversy recently, take a statistical look at the leading private insurance firm for credit unions, ASI. Pages 18-20.
WEST PALM BEACH, Fla. - When you're talking about private insurance you're really just talking about Ohio-based ASI. That is why Credit Union Times is providing this detailed financial look into the fiscal status of the company and some stats on its CU clients. (There is also private insurer Massachusetts...
WESTBOROUGH, Mass.-Since 1961, the Massachusetts Credit Union Share Insurance Corporation (MSIC) has provided excess insurance to all its state chartered credit unions. Federal credit unions may also opt for excess coverage from MSIC. Massachusetts state law requires excess deposit insurance coverage for Massachusetts customers of cooperative and savings banks and...
