• If safer, consumers would spend more online

    MAITLAND, Fla. - According to a recently released Star Systems survey, about 50% of Web shoppers would spend more online if new security technologies were in place. Approximately three-quarters of respondents said they shop online, but worry about security, and one-third of them said they limit their online purchases because...

  • MBA backs restarting multifamily mortgage insurance program

    WASHINGTON - The Mortgage Bankers Association has urged the Senate to approve legislation that will restart the Federal Housing Administration's multifamily mortgage insurance program. According to the MBA, the program would encourage the development of more that 50,000 rental units in 33 states and the District of Columbia. The Senate...

  • Credit union CEO base salary, total compensation grew slower in 2001 than 2000, but still strong

    MADISON, Wis. - In terms of salary growth, 2001 proved to be a very good year for credit union executives. This year is slightly off from 2000, but not by much. According to the 2001 CUES Executive Compensation Survey, the base salary of credit union CEOs increased by about 8.05%...

  • ABA sends letter to Congress countering Renaissance Commission

    WASHINGTON-The American Bankers Association (ABA) sent a letter to each member of the Senate and House of Representatives slamming CUNA's Renaissance Commission report and subsequent letter to the Hill. According to the bankers, the Commission's report flies in the face of congressional intent and the ABA renewed its call for...

  • Selling card portfolio may look good now, but what happens down the road?

    WEST PALM BEACH, Fla. - With more credit unions selling their credit card portfolios for what they say are business reasons, and players such as mega banking giant MBNA - the world's largest credit card issuer - getting into the CU card portfolio acquisition game, CU card professionals are questioning...

  • Seems like everyone gets peeved at times

    As readers may have seen from the many letters to the editor Credit Union Times has been running in recent weeks, a number of readers took the time to send in comments about my June 6th column on pet peeves. Apparently most everyone has a pet peeve or two of...

  • Smart gamblers always hedge their bets

    Let's face it-life is a gamble. Help your credit union members see the wisdom of payment protection We all take risks every day, whether we know it or not. Accidents can occur while driving, flying or working in our job. Just as smart gamblers cover their bases to make sure...

  • Corporate exec named to clearinghouse board

    WALLINGFORD, Conn. - Noreen Lagasse, item processing manager for the $1 billion Constitution State Corporate CU here, has been appointed Secretary of the Connecticut Clearinghouse Corp. The CCHC promotes the exchange of operational data, the exchange of operating procedures, and helps educate its member depository institutions in Connecticut. Lagasse has...

  • Use of investment products by credit union members

    * mutual funds & securities - 27% * cash-value insurance products (investment management accounts, trusts) less than - 10% (includes non-members) Use of retirement products by CU members * some form of retirement account - 6% * 401K - 49% * traditional IRAs - 45% * Roth IRAs - 10%...