Credit Union Times Magazine February-02, 2000

In Other News


    Sun Country CU, Sun City West, Ariz., was named 1999 Business of the Year at the Northwest Valley Chamber of Commerce's annual awards banquet. "This year's recipient has long supported the Chamber..." said Chamber President Bret McKeand. "Regardless of the event, he (SCCU President/CEO Tom Shipe) and his staff are...


    Children's Miracle Network raised $45,000 through ticket sales and with proceeds from more than 30 auctioned items at its recent CMN Charity Ball. More than 60 Pennsylvania State Employees CU, Harrisburg, staff members and friends worked at the ball to help CMN with its fund-raising efforts, officials said. PSECU representatives...


    East Traverse Catholic FCU, Traverse City, Mich., has scheduled a 50th Anniversary Annual Meeting Dinner & Celebration for Feb. 20. Those who attend will receive CU promotional items such as calendars and mugs, and also will be able to view congratulatory letters sent from those the FCU has done business...


  • Gov. Engler to combine Michigan FIB with insurance, securities offices

    LANSING, Mich. - Five days after signing legislation providing for the modernization of the state's Banking Code, Gov. John Engler has announced his plan to combine credit unions, banks, insurance companies and brokerage firms under the office of one regulator, the Office of Financial and Insurance Services, headed by current...


    Eight months after the state's CU bill became law, the Oregon Bankers Association is opposing proposed rules.................Page 14

  • Another e-commerce product makes its way to CUs-online auctions

    WORLD WIDE WEB- Some credit unions have already pushed their Web sites to the bleeding edge by offering online shopping, instant loan approval, and brokerage services. And yet another new possibility has emerged-online auctions. Online auctions were made popular by the wildly successful online auction company eBay. Who would of...

  • New York councilman introduces bill to ban ATM fees in the Big Apple

    NEW YORK - Add the Big Apple to the list of cities proposing legislation to ban ATM surcharging. Making good on a promise he made last year (CU Times , Dec. 15), New York City Council speaker Peter Vallone-backed by 17 council co-sponsors-has introduced a bill that would ban banks...

  • Oregon Bankers Association wakes up, opposes proposed state credit union rules

    SALEM, Ore. - Only three months after state regulators expressed their desire to "get the ball rolling" on regulations relating to H.B. 3151, a credit union bill adopted in May 1999, the Division of Finance and Corporate Security scheduled an administrative hearing on proposed rules Jan. 19 to obtain public...

  • to get boost from new partner, marketing agreement

    WORLD WIDE WEB - With a new partnership with O'Rourke Consulting and a marketing agreement with Payment Systems for Credit Unions, may become the Web-based credit union job posting powerhouse Deedee Myers envisioned when she launched the site back in October.

  • Next generation of OFX emerges, IFX coming soon

    WORLD WIDE WEB - The financial and IT sectors have been forced to work together in recent years as the Web became a legitimate delivery channel for financials. One thing the two sectors are working on is the standard protocol for communicating between banks, credit unions, brokerage companies, personal financial...

  • CU supporter throws his hat in ring for state House

    SALEM, Ore. - Continuing a tradition of credit union political activists in the state running for office, Craig Smith, a member of the MaPS Service Agency Board (the Marion and Polk Schools CU's CUSO) for the past several years, has announced his candidacy for the state House Republican seat representing...

  • An XML-based standard digital receipt?

    DAYTON, Ohio - As the above story shows, e-commerce products continue to penetrate the credit union industry. But the standards for digital receipts for e-commerce purchases are still developing and industry players know that lacking a universal standard is a barrier to full-blown e-commerce

  • C.U. Processing crossing borders to serve Canada's largest credit union

    SOUTHFIELD, Mich. and VANCOUVER, B.C. - With things like wireless ATMs and a home-built Internet banking system, Vancouver City Savings (VanCity), Canada's largest credit union, has a reputation for being high-tech. So when VanCity came calling on a U.S.-based credit union data processor for its services, technology was the reason....


    Filene Study shows few CUs are using technology-based strategic marketing tools for their products and services...............Page 4

  • Technology available to aggregate members' financial data, should CUs embrace it?

    WEST PALM BEACH, Fla. - There is a move afoot in the online world to provide consumers with the ultimate financial snapshot by aggregating all of their financial account information in one place on the Web. But do consumers want this holistic picture? And what does it mean for credit...

  • Alabama CUL creates new governmental affairs director position

    BIRMINGHAM, Ala. - William L. McCarty has been hired by the Alabama Credit Union League for the position of Director of Governmental Affairs, a new position created as a result of the league's restructuring two years ago.

News Briefs

  • UNFCU gets go ahead from the Swiss

    NEW YORK - United Nations Federal Credit Union has been given permission to open a branch in Geneva by the Swiss Banking Authorities. According to Daniel Ptacek, Vice President Branch Operations, the credit union is now negotiating for space in the UN complex there.

  • BankRate Monitor editorial rekindles CU tax debate

    NORTH PALM BEACH, Fla. - Any suspicions or misconceptions that banks' efforts to push for the discontinuation of credit unions' tax exempt status is a dead issue during this election year are proving to be nothing more than that, at least according to a recent article in BankRate Monitor. Writer...

  • Visa U.S.A. CEO Pascarella to speak at GAC

    WASHINGTON - Visa U.S.A. President/CEO Carl F. Pascarella's name has been added to the list of keynote speakers for CUNA's upcoming GAC Feb. 27-March 1. He joins the award-winning McLaughlin Group, along with various congressional representatives and members of the NCUA Board on this year's program.

  • Online trading far from being glitch-free

    ATLANTA - Online brokerage services are having more success than Web-based banks, but they are far from problem-free. According to a recent study by SYNERGISTICS RESEARCH CORP., Atlanta, entitled, The Online Trading and Investing Wars , online trading is still far from operating like a well-oiled machine. More than half...

  • Charlotte County, Fla. becomes 30th county in state to limit title loan interest rates

    PORT CHARLOTTE, Fla. - The Charlotte County Commission on Jan. 25, by a vote of 4-1 approved an ordinance that will limit the amount of interest title loan companies can legally charge within the county. Representing the Florida Credit Union League advocating the proposed ordinance was Mark Ivester, vice president...

  • Community First CU, MidWest America FCU merge

    FORT WAYNE, Ind. - Charles D. Bitler, president/CEO, Midwest America FCU and Linda Smith, president, Community First CU have announced the merger of their credit unions, effective Jan. 1. The new combined credit union is called MidWest America FCU, with the corporate headquarters located here. CU officials said no personnel...

  • Knabel to retire after 33 years of service to Wisconsin CUL

    PEWAUKEE, Wis. - Wisconsin Credit Union League Vice President Tom Knabel has announced his decision to retire on May 12 after 33 years of service.

  • Executive development program enrollment opens

    MADISON, Wis.-Enrollment is now open for the Executive Development Program at Stanford University Graduate School of Business in Palo Alto, Calif., which will run from July 23-28.

Tech Bytes

Letters to the editor

  • Secondary capital, not PCA, the issue

    Clarification seems necessary for your cover article, "State of Washington delegation makes its PCA pitch to NCUA," in the Jan. 5 issue of Credit Union Times. Representatives from Washington state traveled to Alexandria, Va. to discuss policy issues surrounding secondary capital with members of the NCUA board; not prompt corrective...

  • Wheat's small credit union record stands up

    I am the CEO of one of those small, hard to run credit unions Carol Aranjo thinks everyone is trying to "buy." I am also the first to tell you if you run your operation with passion, get involved in the movement in every possible way (that means giving a...

  • Aranjo attack on Wheat unfair

    I just finished reading the front page article in your Dec. 8, 1999 issue, "Aranjo Emerges as Architect of `stop Wheat' Campaign with Black Caucus." Since I don't personally know Ms. Aranjo, I'm uncertain about her motives in being so critical of Ms. Wheat. I have had some dealings with...

  • Credit unions' future, not directors', the priority

    I enjoyed Mike Welch's publisher's column on credit union volunteers' strengths and weaknesses in the December 8, 1999 issue of Credit Union Times.


  • How to avoid most common HMDA violations

    The Home Mortgage Disclosure Act (HMDA) requires hundreds of credit unions to collect member monitoring information and report the information to the government. The collection and reporting requirements are very specific as to the types of loans that you must report and the manner in which they are to be...

Publisher's Column

  • It's hard to be a "truthteller" when misinformed

    Over the past several months I have received three interesting letters from a Washington, D.C. reader who has dubbed himself, or herself, as "truthteller." All deal with the letter writer's strong opinions on the "similarities between mutual savings banks and credit unions." Readers won't get to read any of them...

Staking Out the Stats

  • Staking Out The Stats

    Credit Union Times inadvertently ran incorrect data in this chart in the Jan. 19 issue. Below is the correct information. We regret the error. Rising tide of bankruptcy The extraordinary rise in personal bankruptcy filings has been well-documented in recent years. The chart below is a look at the 10...



    AGE CU, Albany, Ga., has named Trent Williams assistant vice president and commercial loan officer. Alabama CU League, Birmingham, has named Mary Wren auditor in its auditing & consulting department. Jax Navy FCU, Jacksonville, Fla., has named Andrea Fritz accounting manager. VISTA FCU, Lake Buena Vista, Fla., has announced that...


    Alcoa Employees & Community CU, Bettendorf, Iowa, has named R. Dale Owen vice president of lending. City-County FCU, Minneapolis, has promoted Mary Doyle to vice president of finance and information systems. Telco CU, Indianapolis, has announced that CEO Gary Irvin has been elected chairman of the Central Indiana Better Business...


    Boeing Wichita CU, Wichita, Kansas, has named Stephanie Farber quality assurance director.


    Premier Systems Inc., W. Des Moines, Iowa, a data processing service bureau for CUs, has made the following appointments: Tim Duffey, client response center system specialist ; and Kevin Jackson and Chris Magee, client response center representatives.

  • EAST

    First Teachers FCU, Schenectady, N.Y., has named Walter E. Everhardt director of marketing. United Teletech FCU, Tinton Falls, N.J., has made the following appointments: Kathleen Wandras, vice president of administration & human resources; Denise Metta, vice president of product development & retail support; Francis James, chief financial officer & vice...

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