• WEST

    Ent Federal Credit Union, Colorado Springs, Colo., has announced that 20-year credit union board director Charles M. Law has retired. In addition, Ent FCU has appointed the following members to its board: James Stewart, chairman; Teri Huff, vice chairman; Paul Gefreh, secretary; Richard Discenza, treasurer; Stephen David, director; Vernon Finch,...

  • CUNA Mutual, five leagues form HR company

    MADISON, Wis. - In another first for the credit union movement, CUNA Mutual Group, the Massachusetts Credit Union League, Ohio Credit Union League, Pennsylvania Credit Union League, South Carolina Credit Union League and the Virginia Credit Union League have shaken hands on a joint venture to form a national company...

  • Calif. Senate committee oks CU government deposits bill

    SACRAMENTO, Calif. - The California Senate Banking Committee July 5 unanimously passed a measure that gives state and local governmental agencies the ability to deposit funds in credit unions. A.B. 743 was introduced by Assemblymember Robert Pacheco (R-City of Industry) and supported by the California Credit Union League. State and...

  • Mid-Minnesota FCU forms CUSO to carve youth marketing niche

    BRAINERD, Minn. - Capturing the imagination and loyalty of young members is vital to any credit union's future, and now there is a new CUSO dedicating its energies entirely to youth marketing. Brainerd Service Corporation, a Mid-Minnesota Federal Credit Union CUSO, has joined forces with Evolutionary Marketing to form a...

  • Web potential for small business insurance

    BOSTON - A recent report released by Celent Communications, entitled Web-Enabling Small Business Insurance Policy Origination, looks at the potential for selling small business insurance online and six of the new companies that are enabling the market. According to the report, with average annual insurance spending of $2,000 each, upper...

  • Nevada CU raises money in `bailout' drive

    LAS VEGAS - It's not often that credit unions and banks end up doling out `handouts' or charity for the state, but out of self interest a group of 30 institutions-led by one Las Vegas credit union-have come up with a $100,000 bailout plan which solves a computer foul up...

  • ING acquires 87% interest of Mexican Insurer

    ATLANTA - ING Group has spent $791 million to acquire a majority interest of Seguros Comercial America from Savia SA de CV. ING now has an 87% stake in Seguros Commercial, which has a distribution network of more than 8,000 agents and in sales, has an 8% share of Mexico's...

  • SOUTHWEST

    Credit Union of Texas, Dallas, has promoted Karen Coffey to vice president of marketing. Community Federal Credit Union, Oklahoma City, Oklahoma, has promoted Billy McDaniel to vice president of operations and Amy Roush to vice president of corporate development. In addition, CFCU has named Scott Mendenhall vice president of information...

  • Ohio is 26th state to be accredited by NASCUS

    COLUMBUS, Ohio - The Ohio Department of Commerce's Division of Financial Institutions has received the accreditation of NASCUS. The designation means the NASCUS Accreditation Review Team, the Accreditation Audit Committee, and the Performance Standards Committee have concluded that the Ohio DFI meets the criteria necessary to fulfill its statutory responsibility...

  • Fiserv's new site more than just a pretty face

    BROOKFIELD, Wis. - On July 7, a new era for Fiserv was started - well it wasn't that dramatic, but it is the day of a new start to Fiserv's Web presence. The newly redesigned, re-engineered Fiserv site (www.fiserv.com) went live on that day, but it's not done yet. In...