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%...

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...

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...

ARLINGTON, Va. - Finding solutions to balance sheet and liquidity issues has taken center stage in the credit union industry even though many CUs are reporting record levels in deposits and member shares. U.S. Central CU President/CEO Dan Kampen will discuss liquidity trends and alternatives for the CU community at...