News

ARLINGTON, Va. - NAFCU's John Zimmerman remembers the headline in the Jan. 27, 2001 issue of American Banker clearly: "Credit unions no threat to banks, thrifts." The article concerned the findings of the Treasury Department's report, "CU Membership Business Lending" which found among other things, that credit unions are "not...

ARLINGTON, Va. - Reg-relief legislation may not have a chance of making it through Congress this year, but NAFCU is ready to be patient for the time when federally insured CUs will see some relief from the 12.25% of assets cap on member business loans "Member business lending reg relief...

NEW WESTMINSTER, B.C. - Credit unions in Canada don't face the same small business lending restrictions as U.S. CUs, and have been at it longer than CUs here. Their business lending strategies and concerns though, are very similar to those of U.S. credit unions. Westminster Savings Credit Union has been...

EAU CLAIRE, Wis. - If there's one thing Royal Credit Union President/CEO Charles Grossklaus has learned about member business lending since being involved with it for 15 years it's this: you can't be involved with it half-heartedly. You have to be committed 100%. After nearly two decades of making member...

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,...

WEST PALM BEACH, Fla. - Insurance companies continue to expand their banking operations in 2002. As the lines between insurers, financial institutions and securities firms become more blurred, many insurance companies are taking full advantage of the 1999 federal reform of financial service regulations by offering consumer-banking services. Wanting to...

WINDSOR, Conn. - Individual life insurance sales in 2001 fell in the face of an unstable stock market and an uncertain estate tax, despite a slight surge in the fourth quarter that was possibly prompted by the terrorist attack of Sept. 11, according to LIMRA International, a provider of research,...

COLUMBIA, S.C. - Forget the Minuteman, Colonial Life & Accident Insurance Co. has rolled out a new name and brand earlier this year, Colonial Supplemental Insurance. According to Colonial Supplemental Insurance, the new name is shorter, professional, and stays true to its product category. The new brand swaps the longtime...