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CENTREVILLE, Va. - Credit unions' difficulty in cracking the 2% share of the mortgage market for some years is well-known, but Carteret Mortgage isn't ready to accept the inevitability of that. In fact, the company has designed a credit union program it says may be just the ticket the CU...

LAKE BUENA VISTA, Fla.-In a twist, former long-time Independent Community Bankers of America President Ken Guenther was scheduled to address NAFCU's CEOs Conference last week in Florida. Guenther's segment of the program was entitled, "The Banking Perspective." He is currently running his own consulting firm. Conference attendees will also hear...

KENTWOOD, Mich. - CU*Answers said it is going into 2005 on the heels of one if its best years yet, having signed 11 new clients to its CU*BASE processing system in 2004, representing more than 110,000 new members. There now are 106 credit unions on the platform, says the Kentwood-based...

ALEXNDRIA, Va. - NCUA recently gave the go-ahead to a federally-chartered credit union wanting to use split dollar life insurance to fund employee benefit obligations. The FCU said the split dollar arrangement is owned by the employee and paid for by the FCU. The FCU treats the split dollar arrangement...

WILMINGTON, Del. - A tightening and maturing card market in which it is becoming steadily more difficult to grow appears to be pushing MBNA into directions that may make it a less attractive buyer for credit union card portfolios. The firm has been a leading purchaser of credit union card...

SOUTHFIELD, Mich. - David Toepp is tired of hearing credit unions use the excuse that there's no demand for mortgages from their members to explain why they don't offer mortgage services. After all, if members are homeowners, then they must be getting their mortgages from somewhere else. Toepp says those...

I just read Mike Welch's Jan. 12 column, "Waving the Flag for Small CUs Not Smart," on small credit unions and I just had to share my thoughts. I think a lot of us fear not so much the disappearance of small credit unions but rather the disappearance of all...

MADISON, Wis. - CUNA Mutual and the Office of Professional Employees International Union Local 39 have agreed to a settlement stemming from charges the union brought forth against the company to the National Labor Relations Board. CUNA Mutual did not admit to having violated the National Labor Relations Act. The...