WASHINGTON - Roger Little, the Deputy Commissioner for Credit Unions of the Michigan Office of Insurance and Financial Services, wants everyone to know that state-chartered credit unions are every bit as safe and sound as federally-chartered credit unions. Little, who is also vice chairman of NASCUS, came to the March...

NORWALK, Conn.-In response to the Enron scam, the Financial Accounting Foundation (FAF) is considering streamlining the Financial Accounting Standards Board (FASB) to promote "a strong, transparent, and rigorous system" of accounting standards. The changes have been submitted for public comment for 30 days. "We have a responsibility to investors and...

ST. Paul, Minn.-Minnesota Life Group Insurance has reported a 96% increase in new annual premium for 2001. In addition, the company retained 96% percent of its existing clients. "This is our sixth consecutive year of outstanding sales results," said James E. Johnson, senior vice president, Group Insurance. "While growth rates...

HOUSTON - Staffers at First Community Credit Union here were a little more addicted to instant messaging each other than they realized. The $250 million CU had been using instant messaging on its internal network for years on a Novell system. When it converted to a Windows NT system that...