Credit Union Times Magazine May-17, 2000

In Other News

  • BRANCHING OUT

    San Diego County Credit Union, has announced the grand opening of its newest branch located in the Eastlake Village Shopping Center. SDCC has assets over $1.2 billion and serves 120,402 members. Royal Credit Union, Eau Claire, Wis., will be relocating its employee development and training center to the Farmers Store...

  • AWARDS

    Chaco Credit Union, Hamilton, Ohio, has received the Dora Maxwell Award for its outstanding community involvement work. This state award is given to the one credit union that best accepts its duty of social responsibility and practices the philosophy of "people helping people." Some of the community involvement projects included:...

  • DONATIONS

    UT Federal Credit Union, Knoxville, Tenn., has donated $10,051 to the general scholarship fund of the University of Tennessee, Knoxville and $1,200 to the general scholarship fund at Pellissippi State Technological College and University of Tennessee, Martin as part of the Campus Support Program. The program provides scholarships to UT...

  • MILESTONES

    Cornerstone Federal Credit Union, Carlisle, Pa., has ranked first in Pennsylvania, ahead of 91 peer credit unions, in the $20 - $50 million asset category of Callahan's Return of the Member Index. This index measures members' use of the credit union. Berrien Teachers Credit Union, St. Joseph, Mich., has been...

  • NAME CHANGES

    FAA Western FCU, Los Angeles, has changed its name to FAA First Federal Credit Union. FAA First FCU has $180.5 million in assets and serves 25,055 members. Atlantic Fleet Federal Credit Union, Norfolk, Va., has changed its name to @LANTEC Financial Federal Credit Union. @LANTEC Financial FCU has $63.7 in...

News

News Briefs

Tech Bytes

  • MembersResources.com adds "Members Mall"

    MILFORD, Conn. - The portal business is turning into big business in credit union land. MembersResources.com, a credit union portal site that features a revenue sharing plan with CUs for any online member purchases, has just unveiled its "Members Mall" component. Members Mall provides members with an online arena to...

  • SWBC updates FocusNet

    SAN ANTONIO - Southwest Business Corporation recently released the second version of its FocusNet product, an Internet solution that gives customers online access to a number of insurance-related research tools. According to SWBC, approximately 200 financials are utilizing FocusNet. Focus Net II features new management and administrative tools, including quick...

  • The bigger the CU, the more Web services

    Put simply, the bigger the credit union, the bigger the Web presence. As shown here almost all credit unions (95.9%) with assets over $250 million have a Web presence and 65.1% of those CUs offer Net banking. Still, no asset range is too strong in bill payment. While 43.8% of...

  • Consultants' Corner debuts on Callahan's site

    WASHINGTON - Callahan & Associates' Web site (www.creditunions.com) now has its own "online" lineup of industry experts. The Washington D.C.-based credit union research firm has unveiled "Consultants' Corner" on its site. Consultants' Corner features eleven credit union experts who are knowledgeable in a number of key credit union areas, including...

  • CheckFree rides wireless wave

    ATLANTA - Wireless continues to be the buzz in the financial services industry. Bill pay giant CheckFree and WebLink Wireless Inc., a nationwide wireless data service provider, announced an agreement that allows WebLink Wireless customers to pay their wireless data bills online via CheckFree's E-Bills electronic billing and payment service....

  • eMiser.com and iwayloan.com team up for online mortgages

    HOUSTON - iwayloan.com, a consumer direct online mortgage lender, and eMiser.com, a Web design and hosting firm for credit unions, have formed an alliance to provide mortgage solutions to eMiser credit union clients. Using iwayloan.com, CU members can now apply for a mortgage from a CU's Web site and receive...

  • CUshopper's 1,000th CU client

    BURBANK, Calif. - Marti Holmes (left), Regional Services Manager for CUShopper presents the 1,000th credit union client plaque to Bob Podzikowski, President/CEO, Detroit Federal Employees Credit Union. CUShopper is an online member shopping network that allows members to purchase big-ticket consumer items, and gives the credit union the chance to...

  • Infrastructure is biggest barrier to smart cards in U.S.

    MOUNTAIN VIEW, Calif.- Will smart cards ever take off in America? Europe has been using smart cards for some time now in a number of different areas, including health identification, banking and grocery shopping, but the U.S. has been on the slow track when it comes to the high-tech cards....

Briefs

Letters to the editor

  • Regulator, regulated should be independent

    Mike Welch misses the mark in his May 3 column, "Better way needed to appoint NCUA Board Members. When the federal credit union community decided it wanted to be regulated by an independent agency, the die was cast and the federal credit union community accepted the reality that the selection...

  • Way to go, CUs!

    I'm a new CEO with a 42 year old credit union that is $148 million in assets and has 26,000 members. I'm also new to the credit union industry, having come straight from 15 years in community banks in our region of the Bay Area in California, and five years...

Opinion

Publisher's Column

  • Harassing Mica won't eliminate predatory lending

    Predatory lending is a new name for the ancient practice of ripping off those who can least afford it. It's the kind of nasty business that helped spawn credit unions in the first place. It is diametrically opposed to everything credit unions stand for. No credit union person feels more...

People

  • EAST

    Empire Corporate FCU, Albany, N.Y., has appointed the following officers to its board: Niagra County FCU President/CEO Nancy Kasprzak-Whitmore, chairman; Sunmark FCU President/CEO Bruce M. Beaduette, vice chairman; Corning FCU President/ CEO David F. Bartone, treasurer; and United Nations FCU President/ CEO Michael J. Connery, Jr., secretary. First Commonwealth FCU,...

  • MIDWEST

    Wisconsin Corporate Central Credit Union, Hales Corners, has named Ross Schlinke business development representative. Wisconsin Credit Union League, Pewaukee, has named Candace Doyle publications specialist.

  • SOUTH

    Keys Federal Credit Union, Fla., has appointed Andy Griffiths and Sharon Moore to its board of directors. Community Educators Credit Union, Rockledge, Fla., has re-elected Eddie Thomas to its board of directors. Central Florida Educators FCU, Orlando, has elected the following to its board of directors: George P. Drivas; Joseph...

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