Credit Union Times Magazine August-29, 2001

In Other News

  • AWARDS

    Kitsap Community Federal Credit Union, Bremerton, Wash., has named Marketing Specialist Cathy Brorson Employee of the Quarter. Brorson was singled out for her exceptional commitment to the credit union's vision, mission and values. In addition to coordinating KCFCU's youth programs, Brorson participates in several community partnerships including Safety Saturday, Kitsap...

  • DONATIONS

    Robins Federal Credit Union, Warner Robins, Ga., has raised $21,185 for the Children's Miracle Network. Employees raised funds by selling collectable 50 States Quarters Coin Books and paper hearts in all branches. In addition, RFCU held a parking lot sale and participated in the third annual Middle Georgia Chapter Credit...

News

  • "European Union": A laboratory without borders

    PARIS - Credit unions in the United States might ask what the European Union (EU) has to do with them. But at the World Council of Credit Unions' (WOCCU) fifth annual leadership institute, the lessons learned in forming the European Union can apply to any movement. Both the credit union...

  • WOCCU addresses legal problems of new technology

    PARIS - If the new technology has created opportunities it has also created legal problems and affected the way credit unions and all businesses operate. Because the Internet knows no borders, things like trademark issues can become major problems, said Eugenia Carter, an attorney with LaFollette, Godfrey and Kahn who...

  • Gaining permission: A look at e-mail address collection methodologies

    There are many reasons why e-mail marketing can be an effective channel for credit union marketers. Some of the benefits include: reduced cost (as low as pennies per message); the ability to target by segment; the ability to quickly test, measure and modify campaigns; and real-time response (e-mail programs generate...

  • Fed's definition of "electronic address" would require credit unions to send disclosures to members via traditional e-mail

    WASHINGTON - Credit unions should not be limited in how they electronically communicate with their members for delivery of online financial services, say CUNA and NAFCU. In comment letters to the Fed, the two trades pounded home this point. Gramm-Leach-Bliley required that the Fed undergo a study and prepare a...

  • Firewalls only the beginning of Internet security

    COLUMBIA, S.C. - Think your credit union's safe and secure, hiding all that confidential data and crucial functionality behind the latest and greatest in firewalls? Think again. "The lesson of the Code Red worm is that firewalls didn't prevent it, period. That's the issue," says Chuck Welsh, president of NetBankAudit...

  • Credit unions show online might in Bank Technology News Internet banking survey

    NEW YORK - Wow. Credit unions are a force to be reckoned with online according to a recently-released Bank Technology News online banking report. Bank Technology News ranked the top 123 financial institutions in terms of number of online users -sixty of which were credit unions. The top 25 institutions...

  • European and American economists face off in Paris

    PARIS - Consumers may be tiring of hearing news about the state of the economy, but attendees at the World Council of Credit Union's (WOCCU) fifth International Credit Union Leadership Conference had the opportunity to hear a lively exchange of opinions on the U.S. and international economy as an American...

  • Enabling millions to grow, the challenge of the 21st century

    PARIS - In his relentless effort to help the have-less of the world, Arthur Arnold, CEO of the World Council of Credit Unions (WOCCU), opened the Fifth International Leadership Conference in the City of Lights. The conference was titled "A World Without Borders." There are now 6 billion "have-less" in...

  • A Code Red primer

    The Code Red worm has snarled traffic on the Internet and in other networks by infiltrating hundreds of thousands of servers. How did it accomplish that? Here's an explanation from Rick Fleming, vice president of security operations at Digital Defense Inc. in San Antonio, Texas: "The Code Red worm works...

  • XP's coming, but reception may have to wait among credit unions

    COLUMBIA, S.C. - Will Windows XP be greeted with a yell or a yelp, or maybe just a yawn, when the next generation of the world's dominant computer-operating system rolls out later this year? While the new generation of Windows promises to be the most evolutionary since Windows 95, veterans...

  • WOCCU's lunchtime speakers bring laughs while delivering message of integrity to CUs

    PARIS - Laughter echoed through the dining room of the Meridien Hotel in Montparnasse when writer, British television personality and cricket wife Francis Edmonds gave a motivational speech. She cited credit unions as doing great work, helping people to help themselves, but she also drove home some core values. Edmonds...

  • Online investing: Internet availability, member demand may make it an inevitability

    COLUMBIA, S. C. - The Internet has made inexpensive investing available to anyone with a computer and modem, and numerous competitors, new and old, are now vying for the business of increasingly Web-savvy credit union members. Retaining those members, their loyalty, and their assets may be increasingly challenging in such...

  • Special Report: Data Processing & Technology

    From online investing and account aggregation to firewalls and the pending release of Windows XP, the special report on pages 16-30 provides in-depth coverage of these emerging tech issues.

  • My journey through the account aggregation set-up process

    WEST PALM BEACH, Fla. - Covering aggregation firms for a few years now I decided to put their convenience claims of a "one-view snapshot" of my financial life to the test. As an avid user of online financial services, including online banking and bill pay at my credit union (IBM...

  • NetUPDATE acquires DocuTouch Corporation

    REDMOND, Wash. - Security of electronic documents is on the minds of CU leaders everywhere. Recently, NetUPDATE, Inc., a software and services provider for the financial services sector, has acquired Seattle-based DocuTouch Corporation, a leader in document management and digital signatures. With the DocuTouch addition, NetUPDATE will support the ability...

  • Informal American Banker survey shows banks not hitting the mark on e-mail responses

    NEW YORK - As the Fed is leaning toward "traditional e-mail" for financials to use in communicating with members/customers, a recently-released American Banker survey showed bank e-mail responses are usually too generic, or too late. In an admittedly informal survey, an American Banker reporter sent this basic question, "Do your...

News Briefs

  • CULAC surpassing last election year's income and contributions

    WASHINGTON-According to the Credit Union Legislative Action Council of CUNA's (CULAC's) reports of receipts and disbursements, the political action committee (PAC) is out-receiving and out-spending last year's numbers, which was an election year. Typically more funds flow through PACs during election years. Federal Election Commission (FEC) records show that while...

  • SCC, CUcorp merge debit card programs

    SOUTHFIELD, Mich. -The Michigan Credit Union League subsidiary CUcorp will consolidate its debit card program with Service Centers Corporation, which operates an integrated shared branch service center and EFT network for credit unions. Under the agreement both organizations will market SCC's SC24 ATM and debit services to Michigan credit unions....

  • CNBS holds annual meeting; elects new directors

    OVERLAND PARK, Kansas - Corporate Network Brokerage Services, Inc. recently held its 2001 annual meeting, where outgoing board chairman Dave Preter emphasized that CNBS has turned the corner since its spinoff from U.S. Central to corporate CU ownership. "At the time of the spin-off of CNBS, its shareholders wisely recognized...

  • Beach announces retirement after nearly three decades of credit union service

    ARVADA, Colo. - Carroll Beach, president of the Colorado Credit Union System and Wyoming Credit Union League announced he will retire June 1, 2002 after more than 29 years with the Colorado Credit Union System and three years as president of the Wyoming league. Beach was hired as president of...

  • Shiloh granted expansion to serve underserved community

    ALEXANDRIA, Va.- In a special ceremony for the most recent faith-based credit union in America to take advantage of NCUA's streamlined process to adopt low-income, underserved communities, Acting NCUA Chairman Dennis Dollar will present a federal certificate to Shiloh of Alexandria Federal Credit Union August 31. Shiloh Baptist Church sponsors...

  • Dorsa to become full-time salaried NACUSO employee

    NEWPORT BEACH, Calif. - Bob Dorsa, president of Dorsa & Associates Inc. and president of NACUSO by management contract since the late 1990's, will become a salaried NACUSO employee starting October 1. Dorsa was one of the founding directors of NACUSO. He was appointed the association's first president in 1997....

Tech Bytes

  • Corillian, Air2Web partner; a CU the first to offer the integrated solution

    PORTLAND, Ore. and ATLANTA -eFinance solutions firm Corillian Corp and Air2Web, a wireless platform provider, have partnered to offer financials a fully integrated wireless Internet banking solution. Corillian will integrate Air2Web's wireless piece into the Corillian Mobile application, running on its Voyager Internet banking platform. This will allow end-users to...

  • VIFI's management console product seeing early success

    INDIANAPOLIS - If the early success of VIFI's EnterpriseManager is any indication, financials are looking for more control over their online solutions. Launched in early August, 10 financials have already signed up for the solution. VIFI's EnterpriseManager is a Web-based management console that allows financials access to real-time bill pay...

  • Patelco Credit Union partners with Esurance

    SAN FRANCISCO - Imagine giving your members instant online approval for an auto loan and auto insurance all in one shot - that functionality is being added to Patelco CU's online arsenal. The $2.2 billion CU has partnered with Esurance Inc., an auto insurance provider, to launch an integrated online...

  • CreditExpert.com now open to consumers

    ORANGE, Calif. - Experian, an information solutions company, has officially launched CreditExpert.com as part of its strategy to move into a direct-to-consumer role. Consumers will now have access to personal credit reports, credit scores, and educational financial tools to manage their personal credit at one site. Part of a joint...

  • Mid-States creates new site; kicks it off with giveaways

    NAPERVILLE, Ill. - The $3.5 billion Mid-States Corporate FCU's internal Web design team has created and launched a new version of the corporate's Web site at www.midstates.org. Mid-States' Web design team has been designing CU sites since early 2000. Karen Houser and Kara Yerke, the two key individuals of Mid-States'...

  • Ent FCU gives members online access to card accounts

    COLORADO SPRINGS, Colo. - The $1.3 billion Ent Federal Credit Union has rolled out ePSCU's bill pay service, EasyToCUPayLink. ePSCU is the Internet division of Payment Systems for Credit Unions, Inc., St. Petersburg, Fla. What's interesting about Ent's move to EasyToCUPayLink, is it is the first credit union to support...

  • Delta Employees CU to offer wireless access

    ATLANTA - The $1.8 billion Delta Employees CU will bring wireless services to its 165,000 members starting this October. DECU members will be able to wirelessly check their account balances, transfer funds and review transaction history using the Air2Web (www.air2web.com) Mobile Internet Platform. The service is available via any digital...

  • Clarke American certified by TruSecure

    SAN ANTONIO - Clarke American has earned TruSecure's seal of approval. The TruSecure certification means Clarke American's Net services were put through extensive security testing, including port scans and penetration testing. Clarke American offers an online check re-order service used by a number of credit unions. "Our TruSecure certification assists...

  • CSCU,Certegy launch bill pay and online statement access

    CLEARWATER, Fla. and ALPHARETTA, Ga. - Card Services for Credit Unions and Certegy Card Services, Inc. have joined forces to offer cardholders electronic bill payment and online access to their statements via eZCardInfo.com. eZCardInfo.com links the cardholder directly to each CU's Web site, to provide Internet-based services such as paying...

Opinion

People

  • SOUTHWEST

    Community Credit Union, Plano, Texas, President/CEO Gary Base has been reappointed to the Texas credit union commission by Governor Rick Perry.

  • MIDWEST

    Fiberglass Federal Credit Union, Newark, Ohio, has named Cindy Roback, chief operations officer; Rob Hergenrother, assistant vice president of operations; and Shani K. Smith marketing director. Seven Seventeen Credit Union, Warren, Ohio, has appointed the following officers to its board: Robert Pavick, chairman; Raymond Manofsky, first vice chairman; Joe Noark,...

  • SOUTH

    Fairwinds Credit Union, Orlando, Fla., has named Wayne Washington vice president of lending. Post Office Employees Credit Union, New Orleans, President/CEO Sidney Parfait, has been elected National Council of Postal Credit Unions President.

  • VENDORS

    Southwest Business Corporation, an insurance, investment and mortgage loan service provider, has named Joe Ware financial products division marketing manager. Wausau Financial Systems, a data processing provider, International Division Image Systems International President Preston L. Farris has retired. Farris will put his talents to work as an international and domestic...

  • WEST

    Technology Credit Union, San Jose, Calif., has named Michael Luckin delivery systems, vice president; Steven Fisher, executive vice president; and Ted Thames, strategic development senior vice president. Safeway Northwest Credit Union, Portland, Ore., has named Scott Burgess president/CEO.

Publisher's Column

  • The number of women CEOs shouldn't make news

    It seems a shame that the number of women in CEO positions still makes news. Case in point: the leading daily newspaper in Utah recently reported on the number of women serving as CEOs of credit unions in that state. In case the editors of the Salt Lake Tribune haven't...

Letters to the editor

  • CUAW column is off target

    The recent publisher's column by Mike Welch, "Go West young man and form another new group," in the August 8th issue is way off target. The recently formed Credit Union Association of the West (CUAW) is not a merging of the leagues. It is a joint venture of the four...

  • CUAW thinking outside the box

    A new association business structure has emerged that could potentially challenge the traditional thinking about credit union system organizations. For some, our success might point out credit union needs that have gone unfulfilled by the existing structure. It seems long-time credit union luminary and Credit Union Times publisher Mike Welch's...

  • We saw CUAW coming

    I enjoyed and appreciated reading Mike Welch's comments about the new Credit Union Association of the West (CUAW) in his recent publisher's column. This development was not a surprise to some of us in California. We could see it coming for a long time, and that is just another reason...

  • CUAW intent unclear

    I read with great interest publisher Mike Welch's column in the August 8 issue on the Credit Union Association of the West. Just yesterday I was speaking to a credit union CEO in the area and I asked him, "What do you make of this new CUAW?" His response was,...

Publisher's Notebook

  • Above you see a column

    A rose by any other name, the old saying goes, is still a rose. That may be true when it comes to flowers, but not when describing a weekly publisher's column of opinion. The piece above is correctly called a column. Many readers, in commenting on it, or writing a...

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