Headquarters: Harrisburg, Pa. (its only branch) Assets: $1.6 billion (No. 21 according to Callahan) Members: 275,000 Employees: 416 Web site: www.psecu.com President/CEO: Greg Smith (since 1991). "Our strategy is to be a low-cost provider. I'm absolutely certain technology helps us do that," said Smith.
WASHINGTON-Four of the nine open seats on the 24-person CUNA board are contested seats. The remaining five candidates running are uncontested. For District 1, which includes New England, Puerto Rico, and the Virgin Islands, there is a contested seat representing credit unions under 10,000 members. Thomas J. O'Neil, president and...
WASHINGTON-The American Bankers Association (ABA) sent a letter to each member of the Senate and House of Representatives slamming CUNA's Renaissance Commission report and subsequent letter to the Hill. According to the bankers, the Commission's report flies in the face of congressional intent and the ABA renewed its call for...
WEST PALM BEACH, Fla. - With more credit unions selling their credit card portfolios for what they say are business reasons, and players such as mega banking giant MBNA - the world's largest credit card issuer - getting into the CU card portfolio acquisition game, CU card professionals are questioning...
I found Mike Welch's June 20th column suggesting that credit unions and banks find some common ground to start some dialog very interesting. In my opinion, this can only happen if our trade association leaders take the lead to tone down the rhetoric, instruct trade association staff to conduct themselves...
ST. PAUL, Minn. - Securian Financial Network, an affiliate of Minnesota Life, an insurance provider, has launched CustomQuote.com, a Web site that makes insurance products available to consumers via the Internet and call centers. CustomQuote.com provides online insurance quoting for a variety of products including home appliance warranties, auto, homeowners,...
WASHINGTON - A recent Consumer Federation of America study has found that California has the most pro-consumer auto insurance regulation in the nation. The report found that the provisions of 1988's Proposition 103 have created a system with higher profits, lower rate increases and more rapid declines in assigned rate...
MADISON, Wis. - CUNA Mutual Group is keeping convenience and innovation in the forefront of its offerings. As part of its initiative this year to make its products more accessible to clients, CUNA Mutual has further fine-tuned its Credit Union Insurance Review. Currently offered online at CUNA Mutual's Web site,...
WASHINGTON - The National Association of Realtors is not relenting in its efforts to block attempts by banks to participate in real estate sales. Among its latest moves, NAR has commissioned two more studies that examine the possible consequences of a proposal before the Federal Reserve and the U.S. Treasury...
DETROIT - Maxxar Corporation, an interactive solutions firm specializing in computer telephony solutions, and Open Solutions Inc., a core processor and Net-based solutions provider, have entered into a reseller agreement geared at the credit union industry. The deal calls for OSI to identify CU prospects whose needs match Maxxar's voice...