MADISON, Wis. - (04/07/06) -- CUNA Mutual Group said it isinitiating a pilot program that will help it develop a new breed ofcustomer service center. The customer operations pilot will helpCUNA Mutual experiment, test, and learn new customer servicetechnologies, processes, work methods, and organizational designs,said the company, which provides services or products for almostevery one of the nation's 9,000 credit unions. The goal of thepilot is to make it easier for credit unions to connect with CUNAMutual and for employees to provide the level of customer servicecredit unions are demanding. The pilot is part of an initiativelaunched in December aimed at improving and aligning claims, callscenters and product administration. The company plans to have thepilot operational by year-end 2006.
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Two former members of the Federal Open Market Committee said in interviews that they expect the Federal Reserve to keep rates steady amid uncertainty over the ongoing war with Iran and the resulting upward pressure on inflation.
March 27 -
Goldman Sachs Chief Legal Officer Kathryn Ruemmler received an 11% pay hike last year, bringing her total compensation to $25 million; U.S. Bank promoted Toby Clements to chief operations officer; Klarna is expanding its forward-flow and whole-loan sale deal with Elliot Investment Management to $2 billion; and more in this week's banking news roundup.
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Carter Bankshares in Martinsville, Va., sold more than $200 million of loans made to companies controlled by Sen. Jim Justice and his family, closing out a once close relationship that later descended into rancor and litigation.
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The Federal Deposit Insurance Corp.'s Office of Inspector General said in a Thursday report that staffing cuts over the past year could strain supervision and the agency's response to a crisis.
March 27 -
The latest rise in property tax collections at the end of last year continued a nine-quarter streak of increases, according to the National Association of Home Builders.
March 27 -
American Banker data finds that regulatory clarity is the top ask from executives holding back on adoption planning.
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