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FRAMINGHAM, Mass. - Phishing schemes will cost financial institutions in the U.S. and abroad up to $400 million in fraud losses this year and are unlikely to abate without concerted efforts to improve e-mail security and authentication technology. That figure and assessment comes from a new report by Sophie Louvel,...

Twin County Credit Union, Olympia, Wash., has appointed Tim Johnson senior vice president. Red Rocks Federal Credit Union, Highlands Ranch, Colo., has named Steve VanSickler vice president/chief lending officer. Marion & Polk Schools Credit Union, Salem, Ore., has promoted Christopher Federici to product manager and Leilani Slama to director of...

MADISON, Wis. - NCUA Board member Debbie Matz is scheduled to be the keynote speaker at the 10th Annual CUNA Lending Conference. The four-day event will be held Nov. 14-17 in New Orleans. Matz will focus her speech on "Reaching New Markets: The Key to Future Lending Success" on an...

SACRAMENTO, Calif. - At Schools Financial Credit Union, President/CEO Jim Jordan doesn't hesitate to use the "B" word. No, not bank. Business. "It's a business," Jordan declares. Yes, most successful credit unions - including SFCU - can brag about their service. But Jordan figures it takes more than that to...

ST. PETERSBURG, Fla. - Natural disasters used to be foremost on the minds of planners at PSCU Financial Services, but post 9/11 realities have changed that focus. The major CU payments processor has launched an IT infrastructure and business continuity plan aimed at ensuring continuing service in case something big...

ALEXANDRIA, Va.-NCUA is spiffing up its annual performance goals for 2005 to keep credit unions safe and sound and efficiently running. According to NCUA's Combined Annual Performance Report 2003 and Initial Annual Performance Plan 2005, the agency has modified the wording of its five goals, but not the intent. "The...

ATLANTA - Three more credit unions have signed on to do their core processing through a service bureau setup with Harland Financial Solutions' ULTRADATA system. They are $18 million Chesapeake & Ohio FCU of Richmond, Va., and two California institutions: $42 million Nissan FCU of Gardena and $24 million OCHA...

DUBLIN, Ohio - American Share Insurance Corp. reasons that since state-chartered privately-insured credit unions are licensed and regulated by the same regulator that regulates state-chartered federally insured credit unions, the SEC should extend broker/dealer exemptions to them. ASI General Counsel Duane Welsh recently wrote the SEC saying state-chartered privately-insured credit...