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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%...

WASHINGTON-Four of the nine open seats on the 24-person CUNA board are contested seats. The remaining five candidates running are uncontested. For District 1, which includes New England, Puerto Rico, and the Virgin Islands, there is a contested seat representing credit unions under 10,000 members. Thomas J. O'Neil, president and...

WASHINGTON-The American Bankers Association (ABA) sent a letter to each member of the Senate and House of Representatives slamming CUNA's Renaissance Commission report and subsequent letter to the Hill. According to the bankers, the Commission's report flies in the face of congressional intent and the ABA renewed its call for...

WEST PALM BEACH, Fla. - With more credit unions selling their credit card portfolios for what they say are business reasons, and players such as mega banking giant MBNA - the world's largest credit card issuer - getting into the CU card portfolio acquisition game, CU card professionals are questioning...

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...