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Don't miss an exclusive opinion on the NCUSIF from NCUA Acting Chairman Dennis Dollar on page 16 of our special report. Also, with the 2001 insurance industry focusing on innovation, pages 14-15 offer a potpourri of what's new in insurance offerings.
INDIANAPOLIS - Credit union data processor re:Member Data has signed an agreement with Oracle that allows the company to beta test its Oracle9i relational database software. Oracle9i provides the capabilities to archive all raw interface data and allows re:Member Data to tailor its new software solution to individual credit union...
WASHINGTON - While Acting NCUA Chairman Dennis Dollar is preparing to give credit unions some regulatory flexibility, the Office of the Comptroller of the Currency (OCC) has announced a pilot program to do the same for national banks. The program is aimed at smaller community banks, according to Comptroller John...
KILARNEY, Ireland -Dennis Dollar is accustomed to speaking to credit union audiences in the U.S. about regulations and the regulatory environment. Speaking to delegates from 30 different countries at the World Council of Credit Union's 2001 Internetional Conference and Annual Meeting, the acting NCUA chairman had the opportunity to explain...
BOSTON -The former Commercial Union & General Accident will now be known as OneBeacon Insurance Group. Company officials say the name change will more accurately reflect its mission to provide service for personal, commercial, and specialty insurance. Bought by White Mountains Insurance Group, OneBeacon is the 17th largest property/casualty company...
PORTSMOUTH, N.H. -Cogentric, an e-solutions provider, has released a new product to study electronic-business sites for companies searching for cyber insurance policies. According to Cogentric, cyber insurance, though an estimated $14 billion emerging market, lacks the loss history and research data of other types of traditional insurance policies. Cogentric's product...
PASADENA, Calif. - Lucky members of the $1.8 billion Wescom CU may find their CU picking up the tab for some of their bills. Through June 30 the credit union is randomly selecting one bill a day of up to $1,000 that a member has scheduled to pay online using...
San Antonio Federal Credit Union, has promoted the following employees: Debra Frick, assistant vice president of real estate lending; Lesa Jay, assistant vice president of indirect lending; Brad Jones, assistant vice president of information technology; Steven Lindsey, assistant vice president of financial services; Richard Parr, assistant vice president of indirect...
Without question, one of the most significant congressional actions affecting America's credit unions was the 1% capitalization plan enacted by Congress back in July 1984 which helped make the National Credit Union Share Insurance Fund (NCUSIF) one of the strongest federal deposit insurance funds in America today. Like its counterpart...
OVERLAND PARK, Kansas - Access to another liquidity source and to cheap long-term funding is enticing a number of corporate CUs to look at joining one of the 12 Federal Home Loan Banks. U.S. Central CU, Overland Park, Kansas, has joined the Federal Home Loan Bank of Topeka, and other...
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