WASHINGTON - The Mortgage Bankers Association has urged the Senate to approve legislation that will restart the Federal Housing Administration's multifamily mortgage insurance program. According to the MBA, the program would encourage the development of more that 50,000 rental units in 33 states and the District of Columbia. The Senate...
MADISON, Wis. - In terms of salary growth, 2001 proved to be a very good year for credit union executives. This year is slightly off from 2000, but not by much. According to the 2001 CUES Executive Compensation Survey, the base salary of credit union CEOs increased by about 8.05%...
MIDDLETOWN, Pa. - Mid-Atlantic Corporate FCU here has donated $6,000 to the Pennsylvania and National Credit Union Foundations. Mid-Atlantic donated the money to the state foundation, which funnels a portion of it to the NCUF. The corporate raised the money during its 7th Annual Charity Golf Tournament held June 15....
Callahan & Associates has recently found that overall, credit unions have experienced their quickest share growth in more than a decade. The exclusive billion-dollar club has gained a surprising nine new members coming from eight different states across the country, indicating that the strong "top growth" is a national, not...
GLENDALE, Calif. - During its height of operation - with over 1,800 credit union clients - CUShopper looked like a juggernaut that would be a force in the credit union industry for years to come. Faster than its rise, the company plummeted out of existence. The company's business was based...
NEW HAVEN, Conn. - St. Raphael Healthcare CU, the tenth largest state-chartered credit union in Connecticut as of Dec. 31, 2000, was approved by the Office of the Banking Commissioner to amend its bylaws and expand its field of membership to consist of all persons who live or work in...
ALEXANDRIA, Va. - Most credit union people know all or some of the members of the NCUA Board, and many likely know who their Regional Directors are, but NCUA is much more vast than that. In this piece, NCUA, as an organization, is broken down by department. NCUA Board A...
WASHINGTON-A panel of industry officials told the Financial Services Subcommittee on Domestic Monetary Policy, Technology, and Economic Growth that the jury is still out as to whether the consumer consent clauses in the Electronic Signatures in Global and National Commerce Act (E-SIGN) are overly burdensome to industry. Most of the...
LITTLE FALLS, N.J. - BISYS has acquired the Toner Organization, an Exton, Pennsylvania-based insurance brokerage firm that markets to credit unions. "This acquisition immediately expands our market presence and potential in the Mid-Atlantic region," said BISYS Chairman/CEO Lynn Mangum. As of March 31, 2001, revenues generated by BISYS Insurance and...
