Credit Union Times Magazine November-15, 2000

News

Letters to the editor

  • Overhead transfer rate out of whack

    The issue of the overhead transfer is one that I have probably spent as much time on as any single issue over a period of 20 years. I was involved in more studies, more task forces, more committee meetings and received more advice on this area than any other single...

Opinion

  • NCUA budget process needs review

    It's budget time at NCUA again, and the agency needs to take serious stock of how it can hold the line on both spending and personnel. NCUA also needs to afford credit unions some opportunity to substantively comment on the budget as it evolves. As it now stands, credit unions...

  • Don't tell me how to run my credit union!

    I've heard that phrase from more credit union CEOs than I can count over the years - and it's little wonder. No matter where you look, people are exercising their inalienable right to choose. I can pick from 31 flavors at Baskin-Robbins, have it "my way" at Burger King, mix...

  • Keeping pace in a global society

    Ours is an increasingly global society. With its power of instantaneous communication and freedom from national boundaries, the Internet is turning the world into a truly global village. Fueled by this new information and service delivery technology and the advent of regional free trade agreements, international borders are becoming blurred....

Publisher's Column

  • Credit unions are bank-like and much more

    It has become fashionable for certain credit union regulators to accuse credit unions of becoming bank-like. Is that necessarily a bad thing? Not really! However, the way the accusation is made shows an apparent unawareness of how credit unions are structured and how that structure also makes them very un-bank-like....

In Other News

  • MILESTONES

    WestStar Credit Union, Las Vegas, has celebrated 25 years of serving its members. Week-long celebrations were held at all three branches here. WestStar has $100 million in assets and serves more than 27,000 members. First Atlantic Federal Credit Union, West Long Branch, N.J., has celebrated it's 65th anniversary by hosting...

  • AWARDS

    Washington Credit Union League, Federal Way, has honored eight credit unions and two chapters with Dora Maxwell and Louise Herring awards during its 67th annual convention. Separated by category are the following Dora Maxwell award recipients: $100-$200 million-Yakima Valley CU, first place; Global CU, second place; and Tapco CU, honorable...

  • BRANCHING OUT

    North Jersey Federal Credit Union, Totowa, N.J., has celebrated the grand opening of its new main branch. Nearly 100 guests attended the ceremony. Guest speakers at the opening included Mayor John Coiro, state Senator Norman Robertson and Russell Clark, President/CEO of the Credit Union Affiliates of New Jersey. The new...

News Briefs

  • Nation's capital named identity fraud capital

    WASHINGTON - The nation's capital now has the dubious distinction of being named the identity fraud capital of the country, according to the Federal Trade Commission's first tabulation of identity fraud complaints. The FTC report shows that Washington, D.C., has a higher per capita incidence of identification theft than big...

  • CUNA annual report receives recognition

    MADISON, Wis. - CUNA's 1999 annual report supplement in the May 2000 issue of Credit Union Magazine received second place in the nationwide Ozzie awards for magazine design and creative excellence. The award was recently presented at Folio's 14th annual awards for excellence in magazine design in New York City....

  • Credit union turned thrift acquired by PSB Bancorp

    PHILADELPHIA - It's been a rocky "public" road for the former IGA Federal Credit Union, Feasterville, Pa. IGA FCU converted to a mutual savings bank in July of 1998 and went public last summer under the holding company Jade Financial Corp. PSB Bancorp announced that it will acquire Jade for...

  • Utah CU reps win political races

    SALT LAKE CITY - Seven Utah credit union representatives won political races Nov. 7 - five state legislative seats, one county commissioner, and one county council member. Doug Aagard (R), America First CU was appointed this fall to the State House of Representatives and was re-elected. Also from America First,...

  • Gariglio new CU Times Pacific Northwest Correspondent

    WEST PALM BEACH, Fla. - Credit Union Times is pleased to announce its new Pacific Northwest Correspondent Fran Gariglio. Gariglio replaces Jo McIntyre who has accepted a full-time position with an online business publication. Gariglio has been involved with credit unions since 1980. She worked with the North Carolina Credit...

  • North Florida Education CU "envisions" future

    TALLAHASSEE, Fla. - For North Florida Education Credit Union, the new year will bring on a new name. Effective January 1, 2001, the credit union will now be Envision Credit Union. "The name best reflects what we see as the important elements of our credit union-our use of technology combined...

  • Discovery Conference 2001 open for pre-registration

    MADISON, Wis. - CUNA Mutual Group's Discovery Conference 2001, which has the theme "Explore the Territory Ahead," is scheduled from June 20-23 at the Sheraton Centre Hotel in Toronto. The conference will feature national and international speakers, networking opportunities and practical tips to help credit union executives and managers enhance...

Tech Bytes

  • First Data to generate digital certificates

    OMAHA, Neb. and BOSTON - First Data Corp said it will team with Baltimore Technologies to produce digital certificates on smart cards for card issuers. First Data will use the Baltimore UniCert Certificate Management Systems infrastructure to build a certificate authority to issue, maintain and validate certificates used on chip...

  • PSCU's Easy2CUTechLink

    ST. PETERSBURG, Fla. - So far five credit unions have contracted with Payment Systems for Credit Unions for its EasyToCUTechLink, a call-center product that allows credit union's to support their online operations. The product links member to PSCU's technical support representatives. These representatives are on hand 24 hours a day...

  • USERS and Maxxar hook up

    DETROIT - The Maxxar Corporation is now a preferred provider of Natural Language Speech Recognition and Voice Response systems and solutions to credit union data processor USERS. Maxxar's Centrum 9000r will offer USERS' clients the ability to utilize Natural Language Speech Recognition, a feature that simplifies phone-based service by enabling...

  • Computer Consultants names president/COO

    SALT LAKE CITY - Credit union data processor Computer Consultants Corp. has named Charlene Whitener president/COO. Whitener returns to the company after having served as its director of operations from 1998 to 1999. For CCCorp. Chairman/ CEO Hugh Butler, the move gives him more time to stay active in credit...

  • CUShopper enters auto market

    GLENDALE, Calif. - CUShopper is getting into everything these days - auto buying is its latest venture. CUShopper has partnered with iMotors, a direct seller in the online automotive marketplace. Members can visit their CUShopper co-branded credit union Web site to search for and order the vehicle of their choice....

  • Open systems talk dominates re:Member Data conference

    SAN DIEGO - Open systems was a big focus at credit union data processor re:Member Data's Strategic Partner Conference held recently. Participants learned how the implementation of XML (extensible markup language) into re:Member Data's cuStarr core data processing software opens the system up to integration of third party products. XML...

  • Southwest Corporate FCU unveils online system

    DALLAS - Southwest Corporate FCU has launched TranZact, an online solution that allows its credit union members to download their monthly statements. According to the corporate, the services will assist CUs in closing out their monthly accounting faster. The product will be demonstrated at Southwest Corporate FCU's Economic Forum to...

  • EDS offers small business EBPP solution

    PLANO, Texas - EDS has introduced OpenBillExpress, a new electronic bill presentment and payment (EBPP) system designed for small to mid-volume billers. EDS said the system can be implemented in 60 days for less than $100,000. OpenBill Express was developed as a fully hosted Application Service Provider (ASP) service bureau...

  • Symitar behind Conductor

    RICHARDSON, Texas - Symitar Systems recently held here its annual users conference for its Conductor product. Symitar is now a subsidiary of Jack Henry & Associates. Mike Henry, CEO of Jack Henry & Associates, Inc.; Bruce Cormode, President and CEO of Symitar Systems, Inc.; and Kathy Hooker, Symitar Systems National...

Publisher's Notebook

  • E-mails made easy

    Reader feedback is so important to the editorial staff of Credit Union Times that letters to the editor are constantly encouraged. As a result, this publication receives and prints far more readers' letters than any other credit union publication. And there's always room for more. To make it easier for...

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