• Tax cuts shrink appropriations pie

    WASHINGTON -While CUNA and other credit union lobby groups pushed hard to get the tax bill, which included credit union-backed pension reform provisions, through Congress, CUNA, together with WOCCU, has been trying to obtain greater appropriations for international credit union development. However, cutting $1.35 trillion in taxes will have a...

  • July big month for NCUA

    ALEXANDRIA, Va. - While nothing really stands out on June's NCUA Board meeting agenda (see story page 3), which includes a community charter conversion, a corporate field of membership expansion, and amendments to various rules including Truth in Savings, credit union trade group officials are already speculating on next month's...

  • Dimensions Magazine named Silver Quill winner

    MADISON, Wis. - Dimensions, a CUNA Mutual Group magazine for credit union executives and managers, was a big winner at the 2001 Silver Quill Awards, which is sponsored by the International Association of Business Communicators. "I'd like to think winning these kinds of awards is a proxy of sorts for...

  • Reg-Flex-like proposal: OCC to pilot a program to provide wild card to well managed banks

    WASHINGTON - While Acting NCUA Chairman Dennis Dollar is preparing to give credit unions some regulatory flexibility, the Office of the Comptroller of the Currency (OCC) has announced a pilot program to do the same for national banks. The program is aimed at smaller community banks, according to Comptroller John...

  • Dollar wants to be a referee, not a coach

    KILARNEY, Ireland -Dennis Dollar is accustomed to speaking to credit union audiences in the U.S. about regulations and the regulatory environment. Speaking to delegates from 30 different countries at the World Council of Credit Union's 2001 Internetional Conference and Annual Meeting, the acting NCUA chairman had the opportunity to explain...

  • Massachusetts' CGU becomes OneBeacon

    BOSTON -The former Commercial Union & General Accident will now be known as OneBeacon Insurance Group. Company officials say the name change will more accurately reflect its mission to provide service for personal, commercial, and specialty insurance. Bought by White Mountains Insurance Group, OneBeacon is the 17th largest property/casualty company...

  • Analyzing cyber insurance

    PORTSMOUTH, N.H. -Cogentric, an e-solutions provider, has released a new product to study electronic-business sites for companies searching for cyber insurance policies. According to Cogentric, cyber insurance, though an estimated $14 billion emerging market, lacks the loss history and research data of other types of traditional insurance policies. Cogentric's product...

  • Wescom CU launches "Bill Pay a Day", wireless banking

    PASADENA, Calif. - Lucky members of the $1.8 billion Wescom CU may find their CU picking up the tab for some of their bills. Through June 30 the credit union is randomly selecting one bill a day of up to $1,000 that a member has scheduled to pay online using...

  • The NCUSIF insures America's credit unions with strength and stability

    Without question, one of the most significant congressional actions affecting America's credit unions was the 1% capitalization plan enacted by Congress back in July 1984 which helped make the National Credit Union Share Insurance Fund (NCUSIF) one of the strongest federal deposit insurance funds in America today. Like its counterpart...

  • World Council of Credit Unions' 2001 International Conference and Annual Meeting

    Credit union representatives from 30 countries gathered in Killarney, Ireland June 1-4 for the World Council of Credit Unions' 2001 International Conference and Annual Meeting. For those credit unions that were unable to send representatives, here are some moments at the conference and Killarney that were captured by Credit Union...