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ALEXANDRIA, Va.-In line with Acting NCUA Chairman Dennis Dollar's more cost efficient version of the agency, the NCUA Board voted unanimously to approve a resource conserving flexible examination program in conjunction with a quarterly call report process. According to the agency and the credit union trade groups, the savings to...

MADISON, Wis. - The newly-formed CUNA Network Services has formed a deal to offer credit unions a suite of security solutions. CNS partnered with Internet Security Systems and Concentric Security to offer the suite, which will include assessment, identification, remediation, maintenance, monitoring and support of CUs' electronic security systems. Security...

RALEIGH, N.C. - GE Mortgage Insurance has launched the industry's first online workout approval system - e-LMO Fast TrackT. The new system is accessible through the www.gemortgageinsurance.com Web site and is part of GE's/MI Servicer platform which is designed to Web-enable mortgage insurance loan servicing processes and increase lender productivity....

WEST PALM BEACH, Fla. - Unfortunately the hot color for employees in 2001 seems to be pink- as in pink slips from employers. But when times get rough for members, credit unions seem to shine. According to Chicago-based outplacement firm Challenger Gray and Christmas, Inc., U.S. companies cut 124,852 jobs...

WASHINGTON - A Consumer Federation of America survey finds that of the Web sites that sell life insurance,75% do not show the least expensive coverage and 40% were somewhat misleading. According to the CFA, the most misleading part of Internet shopping, is that sites claiming to provide the lowest-cost insurance...

WASHINGTON-In testimony before the Senate Banking Committee, Aviation Associates Credit Union President/CEO Lee Williams explained that credit unions are part of the solution to the predatory lending problem and that legislation should not be overly inclusive. Many lenders, including CUNA officials, are worried that the term `predatory' has become synonymous...

WASHINGTON - The Federal Financial Institutions Examination Council's (FFIEC) recently released annual report was a mixed bag of news of home lending trends among ethnic groups in the U.S. According to the report, the number of home loans made to Asians and Hispanics increased slightly last year - up 8%...

WASHINGTON - Credit unions would do better to keep an eye on developments with bankruptcy legislation currently in conference committee than economic conditions when trying to predict upswings in mortgage loan delinquency rates. The pattern of low charge-offs will be tied more to bankruptcy legislation than to economic cycles, says...