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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,...

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AUSTIN, Texas - Gov. Rick Perry has appointed James Burnett, a partner with the law office of Burnett, Trahan & Johnson, LLP, to the Texas Credit Union Commission, pending Senate confirmation. Burnett's appointment expires Feb. 15, 2007. The nine-member commission supervises the Texas Credit Union Department which oversees and regulates...

ST. PETERSBERG, Fla. - Payment Systems for Credit Unions, Inc., which is owned by more than 500 credit unions, has signed a five-year contract extension with Omaha, Nebraska-based First Data Resources. "First Data's economies of scale, advanced technology and expertise allow us to help our credit unions nationwide successfully manage...

SACRAMENTO, Calif. - Legislators and Gov. Gray Davis' office continued to spar last week over provisions of a heavily lobbied privacy bill with both sides claiming their proposal would best protect consumers. With the Legislature scheduled to adjourn for the year on Sept. 14, it was unclear whether the bill...