Credit Union Times Magazine September-20, 2000

In Other News

  • Awards

    Fort Campbell Federal Credit Union, Ky., has announced that Remote Services Manager Maria McKee has graduated from the Southeastern Regional Credit Union School. The three-year school is delivered in a concentrated learning environment. Students receive eight days of focused education annually, coupled with extracurricular activities designed to enhance leadership and...

  • Donations

    Army Aviation Center Federal Credit Union, Daleville, Ala., has announced that Johnny Faulk, a long-time member, has won $20,000 during its annual fund raising tournament at Silver Wings golf course at Fort Rucker. Faulk teed off on the 186 yard, eighth hole and scored a hole in one. Bank Building...

  • Branching Out

    Educational Community Credit Union, Jacksonville, Fla., has announced the grand re-opening of its Westside branch. In addition, ECCU has named Trainer Angel Fete Employee of the Quarter. ECCU has $400 million in assets and serves over 70,000 members. Patriot Federal Credit Union, Chambersburg, Pa., has been granted a community charter...

News

  • Illinois DFI holds payday lending public hearings

    CHICAGO - The state Department of Financial Institutions invited credit unions and other consumers to a public hearing Sept. 13 to comment on the department's proposed payday or "short-term" lending rules. Among the provisions of the rules: short-term loans that are not titled cannot exceed $300 and those that are...

  • TAKING A STAND

    Credit Union Affiliates of New Jersey reps testify at state's predatory lending hearings...........................................Page 12

  • Virginia state-chartered CUs add SEGs

    RICHMOND, Va. - More than one year since the legislation allowing credit unions to include groups with multiple common bonds within their field-of-membership went into effect, state-chartered credit unions have added new members and been approved to add select employee groups at a brisk pace. The state Bureau of Financial...

  • CUANJ takes leading stance at predatory lending hearings

    HIGHTSTOWN, NJ - At three recent public hearings aimed at studying the impact of predatory lending practices in the Garden State and deciding if more should be done to protect consumers from the abuse, representatives from Credit Union Affiliates of New Jersey (CUANJ) stressed that financial institutions should adopt self-governing...

  • ANOTHER MERGER

    Credit union insurance providers FLS Services and Eldredge Corporations are merging ............................................Page 3

  • NCUA Board approves Missouri MBL reg

    ARLINGTON, Va. - The three-member NCUA Board at its regular meeting Sept. 7 approved Missouri's member business lending rule. The board tabled consideration of the proposed MBL rule at its regular July 13 regular meeting because of the rule's treatment and definition of what constitutes a member business loan. In...

  • `One-Stop' auto reps in Colorado CUs hike loans

    DENVER - A group of Colorado credit unions are enjoying a jump in auto loans this year thanks to a versatile "one-stop" buying service that puts auto representatives in credit union branches and allows members to make purchases in direct face-to-face contact with them or through Internet vehicle selection. "We...

  • CUs' online playing field for auto loans widens

    SAN DIEGO - As if credit unions didn't have enough competitors vying for members' loan dollars, now there's one more auto lender CUs have to contend with - blank check auto lending. Although virtually unheard of up to only a few years ago, blank check auto lending was pioneered by...

  • Telhio recovers from Credit Union Leasing demise

    COLUMBUS, Ohio - It's been nine months since CU Lease Inc., a CUSO owned and operated by the Ohio Credit Union League to offer members auto leasing benefits, was forced to shut down because of cash flow and managerial problems. After being blindsided as so many credit unions were by...

  • New York burial account bill becomes law

    ALBANY, N.Y. - Gov. George Pataki has signed in to law a New York Credit Union League-sponsored bill that will allow members of state and federal credit unions to offer special accounts dedicated for funeral expenses. A-7248 took effect on Aug. 23 and corrects an oversight that excluded CUs from...

News Briefs

Tech Bytes

  • Avolent and CyberBills unite for standards

    SAN FRANCISCO and SAN JOSE, Calif. -Internet billing firms Avolent, Inc. and CyberBills have announced a strategic relationship aimed at increasing the adoption rate of Internet billing. Under this agreement, Avolent and CyberBills also plan to jointly market their software and services to billers and BSPs, in an effort to...

  • USERS' annual conference; aggregation solution coming

    ORLANDO, Fla. - At press time, credit union data processor USERS, Valley Forge, Pa., was holding its 17th annual conference, EdCon 2000, here. The theme for this year's conference is "Sharing Best Practices." "Never before has technology played such a central role in the credit union movement - a fact...

  • Credit Union 24's growth is being noticed

    TALLAHASSEE, Fla. - The Credit Union 24 ATM/POS Network was named the fastest growing regional network in the nation according to Bank Network News' "EFT Network Data Book 2001". Credit Union 24 transactions grew by 104.5% compared with the previous year; the largest increase out of the top 35 reported...

Briefs

Opinion

Publisher's Column

  • Let members wear logo wear to boost CU image

    Credit unions have found many innovative ways to make their mark in recent years, but one of the most popular ways, especially since the widespread adoption of business casual wear in offices, has been to slap their logo on everything imaginable. Talk about branding initiatives, credit unions have become masters...

People

  • MIDWEST

    Lorain County Credit Union, Elyria, Ohio, has appointed Ernie Jackson president and chief executive officer. Grand Rapids Teachers Credit Union, Mich., has appointed Sandra Burdick Jelinski chief executive officer. DP&L Employees Plus Federal Credit Union, Dayton, Ohio, has named Cheryl L. Roser president/CEO. Ohio Credit Union League, Dublin, has appointed...

  • VENDORS

    Southwest Business Corporation, an insurance and financial services provider, has named Joanna Crespin account executive in the employee benefits division in San Antonio. Countrywide Home Loans, Inc., a provider of residential loans, has appointed Peter Reideler Jacksonville branch manager and Eric Hennon Deerfield Beach branch manager. CUNA Mutual Group, Madison,...

  • SOUTH

    Commonwealth Credit Union, Frankfort, Ky., has promoted Karen Harbin to executive vice president. UT Federal Credit Union, Knoxville, Tenn., has promoted Debbie H. Jones to executive vice president/ chief financial officer and Katy R. Jett to vice president of marketing. Baton Rouge Teachers Federal Credit Union, La., President/CEO Norman Thompson...

  • SOUTHWEST

    Del Norte Credit Union, Santa Fe, N.M., has named Douglas DeGroot CEO.

  • WEST

    California Credit Union League, Rancho Cucamonga, has named Ralph Ramirez interim membership manager and RaAnn Wood research analyst. Cumorah Credit Union, Las Vegas, has named Kim Taufer loan administrator and Karen Hale marketing director.

  • EAST

    Vermont Federal Credit Union, Burlington, has named Lisa M. Daggett controller. Finger Lakes Federal Credit Union, Geneva, N.Y., has named Ann M. Olney manager of loan origination and servicing. Mon-Oc Federal Credit Union, Toms River, N.J., has named Jose A. Garcia, Jr. business development coordinator.

Letters to the editor

  • Shame on him

    I have just finished reading the comments made by Clifford Rosenthal on the subject of CRA and CAP in the Aug. 30 issue of Credit Union Times ("NFCDCU Supports CAP with modifications)." While I have admired Mr. Rosenthal's efforts on behalf of the less fortunate in our society over the...

Quotes Worth Quoting

  • Quotes worth quoting

    "Services and products that may not always be the most financially profitable for the credit union, may still be in the best interest of the credit union member." -NCUA Board Member Yolanda Wheat commenting at NAFCU's Congressional Caucus on how to bridge the "demographic divide" with services, such as money...

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