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WASHINGTON - As members turned to the safety of insured deposits and other savings vehicles, credit unions saw record borrowing growth at the end of 2001 while real estate lending numbers set the tone for a much anticipated economy rebound. This, according to Chip Filson, president of Callahan & Associates,...

SAN DIMAS, Calif. - One of the most coveted jobs in the corporate credit union network has been filled. At press time, the $16 billion WesCorp named Bob Siravo, president/CEO of the $1 billion Travis CU, Vacaville, Calif. as its new president/CEO. Siravo was also serving as WesCorp's chairman prior...

When considering who to partner with for various insurance products, using rate as your determining factor is not always a better deal in the long run. You need to consider what each partner will bring to the partnership and weigh them appropriately. First, you want to look at the stability...

WARWICK, R.I. - MetLife Auto and Home division thinks it is never too early to start planning for a disaster. With several states declaring a "Severe Weather Awareness Week" to educate consumers about the importance of disaster preparedness, MetLife has launched a series of PEANUTST-themed posters called Play it Smart,...

WASHINGTON - When Y2K was looming the cap on NCUA's Central Liquidity Facility was a big deal. It's not as much so now with liquidity flush, but CU groups still feel the cap is too low. The Association of Corporate CUs, which represents corporates, the liquidity providers for CUs, wrote...

WASHINGTON - "Right on the Money!" a four-year old public television series which aims to educate consumers about the basics of banking and finance includes credit unions in their programming but does not necessarily recommend them over other financial options. Produced by Twin Cities Public Television and underwritten by Allianz...

CHAMBERSBURG, Pa. - Credit card portfolio sales are still on the rise in 2002. Recently, Patriot Federal Credit Union, has sold its credit card portfolio through AssetExchange, which handled the data preparation, marketing, bidding and transaction process for the sale. "Our top priority was to select a buyer with an...

WASHINGTON-The administration presented America with its small business agenda last week. Included among the many items to aid small businesses is a provision to permit financial institutions to pay interest on small business checking accounts. This is of interest to CUs because more are now offering business accounts. Unable to...