WASHINGTON - A bill that seeks to increase deposit insurance also includes coverage expansion for individual retirement accounts and 401(k) plans. House of Representatives Financial Services Committee Chairman Michael Oxley and Financial Institutions Subcommittee Chairman Spencer Bachus recently introduced legislation that may receive initial committee consideration in March. In addition...

I read Mike Welch's January 23rd weekly publisher's column with a big smile on my face. It captured the difficulties of a CEO in today's economy and environment. I am happy to say that I have an excellent relationship with my board of directors. I believe that the reason for...

ST. LOUIS - It didn't take long for Missouri Corporate CU to take advantage of the new .coop domain. The corporate launched its first Web site, and has chosen to go with a .coop address. The site, at www.mocorpcu.coop, provides daily updates on interest rates, promotions for upcoming events and...

MADISON, Wis. - CUNA Mutual Group came in first place in client satisfaction for its plan administration/record keeping in the small-retirement-plan marketplace by 401kExchange, a Web-based source of research and information for the 401(k) qualified plan industry. Approximately 160 credit unions with total plan assets under $1 million and 32...

JEFFERSON CITY, Mo. - When the Missouri Credit Union Commission holds its open meeting on February 15 one of the items on the agenda it will take up is hearing from attorneys representing the bankers and credit unions on the appeal filed last year by the Missouri Bankers Association of...

WALTHAM, Mass. - Data processing CUSO Credit Union On-Line may be a niche player doing business in six states - New Hampshire, Maine, Vermont, Rhode Island, Massachusetts and Connecticut - but that doesn't mean it can't compete with the big boys, says president/CEO Connie Boretti. Boretti was with CUOL's precursor...

WASHINGTON - An analysis of agency annual Freedom Of Information Act (FOIA) reports indicates that NCUA does a better job in answering the information requests than the FDIC but still lags behind the Comptroller of the Currency. According to NCUA's report for 2001, the agency fully or partially answered over...

I usually enjoy Mike Welch's publisher's column even if I don't always agree with all of his views. For instance, I do take exception to his views on long-time directors in his column of January 30th. Many of the directors on our board have served 20-plus years. We may be...