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I just finished reading Brian McDonnell's comments on some of the Renaissance Commission recommendations (CU Times, August 22). I respect Brian for his candor. As CEO of a somewhat smaller credit union, I have a few candid comments too. It seemed odd from the beginning that this whole parade of...

PORT NECHES, Texas - It's hurricane season again, and those living in "hurricane territory" are paying close attention to their weather forecasts. Texans take the threat of hurricanes seriously. The third deadliest hurricane to hit the western hemisphere in recorded history struck Galveston, Texas on Sept. 8, 1900, killing approximately...

NEW YORK - Citing "integrity concerns," Citigroup Inc., suspended business with more than 3,600 brokers who used to do business with Associates First Capital Corp., a subprime lender acquired last year by the banking conglomerate. Referring to a company internal memorandum, the Wall Street Journal reported that Citigroup has severed...

CEFCU, Peoria, Ill., has named Denise Ghere, first mortgage origination manager; Suzi Lauterbach, VISA operations manager; and Sara Payne, first mortgage operations manager. In addition, CEFCU has promoted the following employees to the following positions: Dennis Forcum, Chillicothe member center manager; Giann Henning, Morton member center manager; Matt Mamer, Morton...

RALEIGH, N.C. - GE Mortgage Insurance has unveiled its first online claims service with real time response -Claims on the Web. "We've taken claims servicing to a new level", said GE Mortgage Insurance Senior Vice President/E-Business Leader Richard Nastasi. "This is yet another example of the Internet changing the game...

ALEXANDRIA, Va.-In a letter to credit unions (01-FCU-05), NCUA reiterated its new risk-based examination policy. The new policy is expected to yield considerable savings to the agency and credit unions. Credit unions which are considered low-risk to the insurance fund will be examined twice every three years rather than annually....

WASHINGTON - Consumers borrowing from credit unions for new car loans stand to save big bucks over the life of the loan than if they borrowed money from a bank or thrift, says the latest findings of a Bankrate monthly survey. According to the August survey, banks and credit unions...

Any one involved with credit unions knows that one of the favorite activities of the banking industry is to crab long, loud, and consistently about credit unions. Every move by an individual credit union (new product, service, marketing campaign, facility, etc.), or a CU regulator (changes in CU membership qualifications,...