SACRAMENTO, Calif. - The California Senate Banking Committee July 5 unanimously passed a measure that gives state and local governmental agencies the ability to deposit funds in credit unions. A.B. 743 was introduced by Assemblymember Robert Pacheco (R-City of Industry) and supported by the California Credit Union League. State and...

BOSTON - A recent report released by Celent Communications, entitled Web-Enabling Small Business Insurance Policy Origination, looks at the potential for selling small business insurance online and six of the new companies that are enabling the market. According to the report, with average annual insurance spending of $2,000 each, upper...

ATLANTA - ING Group has spent $791 million to acquire a majority interest of Seguros Comercial America from Savia SA de CV. ING now has an 87% stake in Seguros Commercial, which has a distribution network of more than 8,000 agents and in sales, has an 8% share of Mexico's...

Credit Union of Texas, Dallas, has promoted Karen Coffey to vice president of marketing. Community Federal Credit Union, Oklahoma City, Oklahoma, has promoted Billy McDaniel to vice president of operations and Amy Roush to vice president of corporate development. In addition, CFCU has named Scott Mendenhall vice president of information...

COLUMBUS, Ohio - The Ohio Department of Commerce's Division of Financial Institutions has received the accreditation of NASCUS. The designation means the NASCUS Accreditation Review Team, the Accreditation Audit Committee, and the Performance Standards Committee have concluded that the Ohio DFI meets the criteria necessary to fulfill its statutory responsibility...

BROOKFIELD, Wis. - On July 7, a new era for Fiserv was started - well it wasn't that dramatic, but it is the day of a new start to Fiserv's Web presence. The newly redesigned, re-engineered Fiserv site (www.fiserv.com) went live on that day, but it's not done yet. In...

US Federal Credit Union, Burnsville, Minn., has raised $5,180 during the Twin Cities Multiple Sclerosis Walk 2001, which supports research for the fight against MS. In addition, USFCU was the fifth largest corporate team to participate. The USFCU Walk Committee came up with unique ways to raise money including, Casual...

NAPERVILLE, Ill. - The $3.7 billion Mid-States Corporate Federal Credit Union, which is currently in the midst of an executive search to replace its current president/CEO Don Finn who has announced his retirement plans, has made an executive announcement. Mid-States has promoted Ronald Koza to executive vice president/chief investment officer....