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VIENNA, Va. - For its proactive identity theft program, Navy Federal Credit Union has been ranked among the top five financial institutions in the nation. According to a study by Javelin Strategy & Research, a consulting firm specializing in Internet banking and payments, the $21 billion credit union was recognized...

ALEXANDRIA, Va.-NCUA Region III Associate Regional Director of Operations (ARDO) James Baylen announced his retirement last week, effective April 2005, which led to some maneuvering of agency staff. Marcia Sarrazin, director of supervision in the headquarters Office of Examination and Insurance, will take Baylen's current post upon his retirement, while...

WASHINGTON-The Federal Deposit Insurance Corporation Board decided last week to maintain the assessment rates charged to insured banks and savings associations for the first half of 2005. Though the Bank Insurance Fund reserve ratio may decline by mid-year next year from 1.33% to 1.31%, it will still be well above...

SEATTLE - Whether it be mortgages, investment services or alternative payday loan products, Tristram Coffin says CUSOs are a vehicle for credit unions to deliver financial service options to consumers they might otherwise not have. The 39-year old Coffin who was selected in September by the Puget Sound Business Journal...

LAS VEGAS - Getting the real word out to consumers about Check 21 while implementing the changes internally are a couple key parts of one mega-bank's approach to dealing with the new realities of check truncation. Wells Fargo, with $400 billion in assets, processes about one of every nine checks...

GRAND RAPIDS, Mich. - Members are starting to react to all the newfound information surrounding the $1.1 billion Lake Michigan Credit Union's attempt to covert to a mutual bank. In the Nov. 17 issue, Credit Union Times reported about informational ads the Michigan CU League was running to try and...

WASHINGTON-NASCUS went on a fact-finding mission Nov. 12 to discuss with Federal Deposit Insurance Corporation Board Member Thomas J. Curry, a former NASCUS member and Massachusetts banking regulator, insurance options for credit unions. "Tom Curry has been a longtime member of NASCUS and supportive of our initiatives to strengthen the...

WASHINGTON - The decision of whether a credit union will move a business loan through the SBA's channels rather than underwrite it on its own are varied but mainly have to do with thwarting risk. To come to a credit decision on a loan request, the SBA evaluates a business...