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  • 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...

  • Keeping CUs in regulatory shape

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  • 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%...

  • EAST

    People First Federal Credit Union, Allentown, Pa., has promoted Lois Ring to member service center manager; Karen Ann Kahle to branch operations manager; Pam Ritter to Bethlehem branch manager; and Eileen Haas to branch operations assistant/trainer. Dover Federal Credit Union, Delaware, has named Robert L Naftzinger vice president of member...

  • VI's silver level portal

    SANTA MONICA, Calif. - Vertical Innovation, a credit union Internet solutions provider, has released its third portal product designed specifically for credit unions. The Silver level portal is aimed at small and mid-size CUs looking to establish a cost-effective portal presence, said Vertical Innovation. It includes a private label portal...