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PORTLAND, Ore. - Northwest Corporate Credit Union hit an all-time asset high of $1.281 billion as of August 31, 2001. This is the highest asset tally in the corporate's 23-year history, and is an increase of more than $100 million over total assets at June 30, 2001. "These record levels...

PLANO, Texas and LOS GATOS, Calif. - EDS announced recently that it will offer its clients streaming technology solutions from Streaming21, which empowers users to transmit and play digital video and audio over Internet and broadband networks without having to wait until a file is downloaded. Some CUs are currently...

I just finished reading Brian McDonnell's comments on some of the Renaissance Commission recommendations (CU Times, August 22). I respect Brian for his candor. As CEO of a somewhat smaller credit union, I have a few candid comments too. It seemed odd from the beginning that this whole parade of...

PORT NECHES, Texas - It's hurricane season again, and those living in "hurricane territory" are paying close attention to their weather forecasts. Texans take the threat of hurricanes seriously. The third deadliest hurricane to hit the western hemisphere in recorded history struck Galveston, Texas on Sept. 8, 1900, killing approximately...

NEW YORK - Citing "integrity concerns," Citigroup Inc., suspended business with more than 3,600 brokers who used to do business with Associates First Capital Corp., a subprime lender acquired last year by the banking conglomerate. Referring to a company internal memorandum, the Wall Street Journal reported that Citigroup has severed...

CEFCU, Peoria, Ill., has named Denise Ghere, first mortgage origination manager; Suzi Lauterbach, VISA operations manager; and Sara Payne, first mortgage operations manager. In addition, CEFCU has promoted the following employees to the following positions: Dennis Forcum, Chillicothe member center manager; Giann Henning, Morton member center manager; Matt Mamer, Morton...

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....