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Insurers to Pay Out $1.55 billion for May Tornadoes

Peter Westerman | May 27, 2003

JERSEY CITY, N.J. - The Insurance Services Office Property Claim Services unit reports that insurers can expect to pay policyholders an estimated $1.55 billion for claims from severe thunderstorms and killer tornadoes that cut through 18 states earlier this month. According to ISO PCS insurers will receive more than 429,000...

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CUNA Mutual Mortgage Off to Good Start in 2003

Peter Westerman | May 27, 2003

MADISON, Wis. - First quarter 2003 data for CUNA Mutual Mortgage Corp. shows the company is benefiting from continued low mortgage rates and mortgage traffic, just like the rest of the credit union industry. As of April 30, CUNA Mutual Mortgage had 98,888 loans in its servicing portfolio, worth $9.8...

MBNA Forms Credit Union Advisory Board for the Touchy Subject of Card Portfolio Sales/Management

Peter Westerman | May 27, 2003

ARLINGTON, Va. - MBNA, the Delaware-based firm which claims to be the world's largest independent credit card issuer and is a leading purchaser of credit union credit card portfolios, has established an advisory board of credit unions to help it better understand and service its growing list of credit union...

Bankruptcy Filings Continue Record-Setting Pace; Will Legislation Ever Come?

Peter Westerman | May 27, 2003

WASHINGTON-Could the bankruptcy reform legislation stem the rising tide of bankruptcy filings or is the anticipation of its passage leading more people to file? Can anyone tell? According to the Administrative Office of the U.S. Courts, total bankruptcy filings in federal courts jumped 7.1% to more than 1.6 million in...

Idaho First Accounts Program Aims to Add Hundreds

Peter Westerman | May 27, 2003

BOISE, Idaho - The Idaho Credit Union League anticipates that 750 Hispanic Idaho residents without banking relationships will start credit union accounts as a result of a program funded by the Department of the Treasury's First Accounts program. Idaho's League was one of the Leagues representing credit unions in eight...

Alaska USA FCU CUSO Authorized to Offer Document Custody Services

Peter Westerman | May 27, 2003

ANCHORAGE, Alaska - Alaska USA Trust Company, a wholly-owned subsidiary of Alaska USA FCU, was authorized by the Federal Home Loan Bank of Seattle to provide document custody services to credit unions that participate in the Seattle FHLB's Mortgage Purchase Program. The Seattle FHLB's Mortgage Purchase Program provides an alternative...

Portland Teachers CU CEO Presented Patriot Award

Peter Westerman | May 27, 2003

PORTLAND, Ore. -Portland Teachers Credit Union President/CEO Cliff Dias' patriotism has recently been rewarded. A retired Army Captain himself, Dias has been presented the "My Boss is a Patriot" Award by the U.S. Defense Department for his support of National Guard and Reserve members. PTCU employee and US Army Reservist...

D. Edward Wells FCU's Members' Accounts Receive a New Home as CDCU is Liquidated

Peter Westerman | May 27, 2003

ALEXANDRIA, Va.-D. Edward Wells Federal Credit Union of Springfield, Mass. has been liquidated and its members are being folded into the Western Massachusetts Telephone Workers Credit Union field of membership. While Western Massachusetts Telephone Workers will serve most of the members of the $5-million liquidated credit union, NCUA is still...

Federal Reserve Chairman Greenspan Promotes Financial Literacy in Television Ad

Peter Westerman | May 27, 2003

WASHINGTON - Credit union groups aren't the only ones promoting financial literacy. They now have a big name to help with the cause. With the hope of educating consumers on such topics as saving, budgeting and shopping for a car loan, Federal Reserve Chairman Alan Greenspan will be featured in...

SECURITY FCU Staffers Get Healthy

Peter Westerman | May 20, 2003

FLINT, Mich. - Who needs to join Oprah's weight loss club when SECURITY Federal Credit Union is setting employees on the road to good health? The $223 million credit union has recently lent a helping hand to employees fighting the battle of the bulge, the number two preventable cause of...

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Insurers to Pay Out $1.55 billion for May Tornadoes

CUNA Mutual Mortgage Off to Good Start in 2003

MBNA Forms Credit Union Advisory Board for the Touchy Subject of Card Portfolio Sales/Management

Bankruptcy Filings Continue Record-Setting Pace; Will Legislation Ever Come?

Idaho First Accounts Program Aims to Add Hundreds

Alaska USA FCU CUSO Authorized to Offer Document Custody Services

Portland Teachers CU CEO Presented Patriot Award

D. Edward Wells FCU's Members' Accounts Receive a New Home as CDCU is Liquidated

Federal Reserve Chairman Greenspan Promotes Financial Literacy in Television Ad

SECURITY FCU Staffers Get Healthy

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