Credit Union Times Magazine March-22, 2000

In Other News

  • DONATIONS

    Bay Federal CU, Capitola, Calif., held a fund-raiser for Jacob's Heart, a local children's cancer support group, selling paper hearts to raise funds for the organization's projects. The programs provide financial aid, meals and counseling services to more than 50 local children currently fighting cancer. After CU staff in 1998...

  • MILESTONES

    CAP COM Financial Services, LLC, Latham, N.Y., has announced that John Shartrand has completed the Accredited Asset Management Specialist professional education program. CCUE, Madison, Wis., has awarded the Certified CU Executive designation to 16 people in February, including: Lisa Acuff, State ECU; Lea Boyd, State ECCU; Robert Cree, CCSD FCU;...

News

  • New Mexico legislature restores state-chartered CUs' sales tax relief

    ALBUQUERQUE, N.M. - Three years after the state's Department of Taxation and Revenue issued a regulatory change that revoked the sales tax deduction for state-chartered credit unions, Gov. Gary Johnson signed into law legislation that will restore the sales tax deduction for New Mexico's 26 state-chartered credit unions, effective July...

  • Banks pushing person-to-person e-payments, credit unions yet to offer the service

    WEST PALM BEACH, Fla. - It's not exactly a bill payment and not exactly a wire transfer-it's called e-payments, an emerging trend in the financial services industry credit unions have yet to break into. One of the issues online bill pay companies have had to deal with is setting up...

  • Debit cards meet the Internet

    MAITLAND, Fla. and WOODCLIFF LAKE, N.J. - Debit cards and the Internet have mixed about as well as oil and water-until now. On-line debit transactions have been left out of the e-commerce mix because they require a Personal Identification Number to initiate a transaction. E-commerce vendors and financials have not...

  • Wisconsin League gets a Web-centric assessment

    PEWAUKEE, Wis. - The Wisconsin Credit Union League wants a candid assessment of where it's headed with its technology projects.

  • Alabama legislation would give lucrative tax breaks to banks, insurance companies

    MONTGOMERY, Ala. - If proposed legislation working its way through the state Senate and House is approved and finds its way to the desk of Gov. Don Siegelman, banks and insurance companies-and hopefully state-chartered credit unions-in the Camellia State will receive lucrative excise tax credits already available to other businesses...

  • The marketing potential of providing members Internet access

    FRESNO, Calif. - Forget Earthlink, Mindspring, America Online or any of the other mega ISPs (Internet Service Providers) out there, credit unions can play the ISP game. Through affinity relationships or private label deals, credit unions can be the Internet access provider for their members-or that's how it will appear...

  • Mielock named to new Michigan Office of Financial and Insurance Services team

    LANSING, Mich. - Gary Mielock, deputy commissioner of the Michigan Financial Institutions Bureau has been selected by Commissioner-Designate Frank M. Fitzgerald to join the new Office of Financial and Insurance Services (OFIS) leadership team as acting head of the division of financial institutions. Other members of the 3-person team will...

  • CUNA satellite broadcast tackles growing body of online laws

    MADISON, Wis. - Credit unions won't find it easy to keep up with the latest online laws and regulations. With individual states taking matters into their own hands and enacting their own online laws, and a growing body of federal legislation in the pipeline, sifting through the online regulation maze...

  • Oregon CU League monitoring Portland public interest group's push to get ATM fees banned

    PORTLAND, Ore - The Oregon State Public Interest Research Group (OSPIRG) is working to pass local city ordinances to stop ATM surcharge fees in Eugene, Salem, and Portland. The group is modeling the effort on ordinances passed in Santa Monica and San Francisco last year. Those bans are currently being...

  • good2CU.com says its dual-function portal makes for a "sticky" site

    AUSTIN, Texas - Throw an electronic dart on the Web and you have a good chance of hitting a portal site. good2CU.com says it's not that simple to find a good portal and that credit unions are going to start seeing the differences between their portal and the thousands of...

  • CUs to be included in New Jersey bank fee study

    HIGHTSTOWN, N.J. - The Fed's bank fee study might be a dead issue, but it's alive and well in New Jersey. Not only that, the state Department of Banking and Insurance has agreed to include all New Jersey credit unions in its next survey of banking fees which is due...

  • GOIN' HOME

    After 13 years of working for out-of-state CUs, Kevin Foster-Keddie is returning to work at Washington State Employees' CU.........Page 24

  • Ryan named Financial Institutions Manager for Northern California CU division

    SACRAMENTO, Calif. - Beverly Ryan, formerly supervisor of the credit union division for the California Financial Institutions Bureau, has been appointed financial institutions manager for the credit union division in Northern California by Acting Commissioner Jan Lynn Owen. Ryan succeeds Financial Institutions Manager Heidi Waters. Ryan's career with the Department...

  • ONE MORE DOWN

    The Fed cancels publication of another comparative cost analysis report between banks, savings and loans and credit unions...Page 3

  • CU Division of Michigan FIB authorizes bylaw options for SCCUs

    LANSING. Mich. - The credit union division of the Michigan Financial Institutions Bureau has authorized two new bylaw options for state-chartered credit unions. The first allows setting a minimum age for a member to be eligible to run for an elected office. To set the minimum age, the credit union...

  • OFX transaction server lets USERS give CUs the openness expected today

    VALLEY FORGE, Pa. - The OFX (Open Financial Exchange) standard has done a lot for the financial services industry. Credit union data processor USERS here has taken full advantage of OFX and relies on its OFX transaction server to make a wide variety of products and services from many vendors...

News Briefs

  • National CU Foundation receives $100,000 from U.S. Central

    MADISON, Wis. - In a show of support for the mission of the National Credit Union Foundation, U.S. Central Credit Union has contributed $100,000 to the organization.

  • CUNA's CPD releases five new books for CU education

    MADISON, Wis.-CUNA's Center for Professional Development has released five new Staff Training & Recognition (STAR) books for its "Savings Plus" and "Credit Union Security" educational tracks. The "Savings Plus" series of books contain information on handling members' accounts (including traditional savings and checking accounts, money markets, IRAs and more). These...

  • Leach, LaFalce asks GAO to review CLF issue

    WASHINGTON - House Banking Committee Chairman Rep. Jim Leach (R-Iowa) and Rep. John LaFalce (D-N.Y.), the ranking Democrat on the House Banking Committee have written the U.S. General Accounting Office and asked it "to review the issue of the Central Liquidity Facility as a liquidity provider, with the idea of...

  • Net users a different breed when it comes to financial services

    BERKELEY, Calif.-The attitudes of consumers who use the Internet is divided between those who do business with Web-only bank sites and those who make use of traditional bank Web sites, according to a new survey done by the Stern Marketing Group here. Nearly 40% of 207 online consumers polled that...

  • Miles accepts position with publisher of eMoney Digest

    WASHINGTON-c2future.com, publishers of eMoney Digest, a Dallas-based provider of business-to-business Web publishing services, has appointed Janet L. Miles to the position of business development executive for East Coast operations, officials announced during CUNA's recent GAC. Miles, who formerly was vice president of member services for NAFCU, had worked at NAFCU...

  • Oklahoma Memorial dedication ceremonies planned

    OKLAHOMA CITY-Invitations for the dedication ceremonies for the permanent memorial to those murdered in the bombing of the Alfred E. Murrah building on April 19, 1995 here have now been sent out to family members, survivors rescue workers and government officials. Work on the Oklahoma City National Memorial has progressed...

  • Ka`u Federal Credit Union receives CDFI certification

    NA `ALEHU, Hi.-The Treasury Department has awarded Ka`u Federal Credit Union here a Community Development Financial Institution Certificate after a lengthy and involved process, announced Manager Bernard Balsis. "This is a recognition of our present and future initiatives to serve the less than affluent within our field of membership," he...

Tech Bytes

  • HomeCom releases Version 3.0 of Personal Internet Banker

    ATLANTA- HomeCom Communi-cations, a provider of Internet software solutions for financials, announced that its Personal Internet Banker (PIB) solution has been upgraded to include several new online banking functions. The new version, 3.0, includes the following new functions: recurring transfers and payments, check imaging, check stop payments and e-mail notifications....

  • ORCC unveils new version of Net banking and bill payment

    MCLEAN, Va. - Online Resources & Communications Corp., a leading provider of Internet banking and bill payment services, has unveiled its new Internet banking and bill payment software. "Making the user-experience easy, efficient and enjoyable is key to increasing adoption of Internet banking and bill paying," said Ray Crosier, ORCC's...

  • NAFCU Services Corp. discounts CUWEBS

    ARLINGTON, Va. - NAFCU Services Corporation has reduced the price of its CUWEBS (Credit Union Web Enabled Business Solutions) Interactive Web site. The one-time set-up fee has been reduced to $1,750 for non-NAFCU members and to $1,400 for NAFCU members. Monthly hosting fees have been reduced to $90 per month...

  • Digital Insight goes wireless

    CALABASAS, Calif. - Digital Insight is taking its services wireless. The Internet solutions company announced a deal with Air2Web, Inc., Atlanta, Ga., that will provide wireless remote access to Digital Insight's AXIST Internet Banking and AXIS Cash Management services. The partnership with Air2Web will enable Digital Insight to communicate with...

  • Corillian hires Microsoft veteran to handle business development

    BEAVERTON, Ore. - Corillian Corp-oration, a leading provider of eFinance solutions, has appointed John V. Grispon senior vice president of business development. Grispon, 35, was formerly Microsoft's worldwide banking industry manager. Grispon was with Microsoft 12 years, where he held positions as Financial Services Industry Manager, Account Executive, and Systems...

  • Texas, Colorado leagues to co-sponsor first "CU E-Vent"

    SEATTLE - Finding and carrying out the right e-commerce strategy will be the focus of the first "Credit Union E-Vent" conference to be held August 13-15. "Depending how you look at it, e-commerce offers a real opportunity, or a real threat to you," said Randy Harrington, founder and CEO of...

  • Fort Bliss FCU staffs its E-Branch

    EL PASO, Texas -Fort Bliss FCU here has opened an E-Branch. While there's nothing groundbreaking there, the CU believes that its staffing plan is. While many financials don't have a separate branch staff for their Web site, Fort Bliss FCU plans to do just that, with a separate E-Branch staff...

  • Maxxar launches TruePoint

    FARMINGTON HILLS, Mich. - The Maxxar Corporation has unveiled TruePoint, an integrated desktop software package that provides call center agents with intuitive guides and database capabilities. The desktop display is divided into two windows. The left window displays dynamic script and agents instructions based on the specific caller. This window...

  • SLMsoft.com and Q UP Systems announce strategic alliance

    LENEXA, Kan. - SLMsoft.com, Inc. here, a provider of electronic financial transaction solutions for the e-commerce market, has announced a strategic alliance with Q UP Systems Inc., Austin, Texas, a provider of Internet banking and e-commerce solutions to community financials. The alliance will give Q UP customers access to SLMsoft.com's...

Letters to the editor

  • D'Amours doesn't get it

    NCUA Chairman Norman D'Amours missed the mark in his remarks at the 2000 CUNA GAC. Chairman D'Amours criticized the level of league involvement and lack of unpaid volunteers in CUNA's national governance structure. He also criticized the movement for not keeping its purpose constant and he claimed that the movement...

  • Grasping a complicated issue

    The article, "NASCUS, state regulators, leagues fired up over CUNA advocacy of NCUA Survey," by Editor Elaine Kingoff that ran in the February 2 issue of Credit Union Times was an accurate representation of NASCUS' views on the issue of the NCUA survey. That's quite an accomplishment considering the issue...

Opinion

  • Technology sparks a new wave of online lending competition

    Competition drives innovation, and today's competition is occurring online. In the 1999 MORTECH study of the mortgage banking industry, respondents ranked excessive competition as their number one business concern. When asked to identify the source of that competition, 26% listed the Internet. Lenders recognize that the same evolutionary process that...

Publisher's Notebook

  • Happy birthday to us

    Ten years doesn't seem very old. But when a new national credit union publication is started from scratch, at tremendous personal risk, and ends up being the publication you are holding in your hands today, 10 years old becomes a significant milestone.

Publisher's Column

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