Credit Union Times Magazine September-19, 2001

In Other News

  • AWARDS

    North Carolina Credit Union Network, Greensboro, has recognized the efforts of four individuals in the credit union movement. The 2001 Mark of Excellence Award was presented to Members Credit Union Board Chairman John Loftin and United Services Credit Union President/CEO Marsha Honeycutt. The award recognizes those individuals who have a...

  • SCHOLARSHIPS

    Dupaco Community Credit Union, Dubuque, Iowa, has awarded $500 scholarships to five high school seniors. The Tri-State-Area College Scholarship winners are selected based on their academic achievements, extracurricular involvement and interest in the pursuit of an advanced degree. In addition, the graduating seniors must attend any one of seven Tri-state-area...

  • MILESTONE

    Virginia Credit Union League Tidewater Chapter, has held a Legislative Night to honor legislators and educate candidates about credit unions. Held at the Nauticus Pavilion in Norfolk, legislators from all over the Tidewater area were in attendance and several gave rousting speeches about why they work on behalf of credit...

News

  • California state legislature votes on statewide predatory lending bill

    SACRAMENTO, Calif. - The California Senate passed by a vote of 22 to 12 a bill introduced by state Assembly member Carole Migden (D-San Francisco) that would ban predatory lending statewide. At press time, the state Assembly was expected to vote on A.B. 489 on Sept. 11 or 12. A.B....

  • Banks win preliminary round in Iowa surcharge suit

    DES MOINES, Iowa -U.S. District Court Judge Ronald E. Longstaff has denied the state of Iowa's request to dismiss a lawsuit over Iowa's ban on automated teller machine surcharges filed by five national banks - Metrobank, Wells Fargo Bank, Bank of America, Firstar Bank and U.S. Bank. Filed by the...

  • Actors FCU ahead in the ATM game

    NEW YORK - Being aggressive has paid off for Actors Federal Credit Union-it is now the number one credit union deployer of ATMs here. Currently AFCU has over 32 ATMs in place with more than 15 additional on the way. Roughly two-thirds of AFCU ATMs are located in McDonald's restaurants...

  • Terrorists strike; CUs reach out

    The tragic terrorist attacks against the World Trade Center, a pillar of America's economic might, and the Pentagon, a monument to America's military power and the plane crash in Pennsylvania, left a nation stunned and looking for answers. Credit unions throughout the country rallied to help the nation begin the...

  • Los Angeles Firemen's CU sets its own "blaze"

    PASEDENA, Calif. - The Los Angeles Firemen's Credit Union has debuted its Blazing ATM/Check card. With the new program members can withdraw up to $600 cash per day at ATMs; up to $600 per day via POS; and up to an additional $1,500 per day via signature-based transactions. "We are...

  • STAR stock sales benefit members

    SACRAMENTO, Calif. -The Golden 1 Credit Union President/Chief Executive Officer Stanley C. Hollen has announced members will reap the benefits of its sale of STAR ATM Network stock. The $20 Million Member Rewards Program will pass rewards to members in the form of a one-time relationship bonus dividend and a...

  • Michigan regulator approves four-way CU merger

    LANSING, Mich. - The state Office of Finance and Insurance Services has approved the merger of three Grand Rapids credit unions into Grand Rapids Teachers CU, which has been managing the three CUs under a contractual arrangement for several years. Involved in the merger are Alliance CU, $38 million in...

  • Large Connecticut FCU converts to state charter

    WILTON, Conn. - Mutual Security FCU, the sixth largest federal credit union in Connecticut, was approved by the office of the State Banking Commissioner to convert to a state charter. The name of the credit union will be Mutual Security Credit Union. MSCU has $100.8 million in assets and serves...

  • Security Service FCU gets recognized

    SAN ANTONIO, Texas - Security Service Federal Credit Union has been honored by the Professional Teleservice management Association as the winner of its 2001 Call Center of the Year award. The over $2 billion credit union was singled out for its commitment to employees, members quality service and community involvement....

  • Donde esta an ATM?

    CHICAGO - The Member Access Network has launched its first bilingual automated locator system to find ATM machines. Cardholders can now find over 9,800 ATMs in either English or Spanish. Members call a toll free number provided by Jensen Beach, Fla.-based TOUCH-MAP Systems. If there are multiple locations in one...

  • E-monee offers credit card alternative

    FORT LAUDERDALE, Fla. - Imagine converting a personal computer into a personal ATM. E-monee.com, an Internet payment system, is trying to make that a reality by offering consumers an alternative to credit cards. Here is how it works: Consumers link an E-monee account to their personal bank account and can...

News Briefs

Letters to the editor

  • Socially responsible investments crucial for members

    Michelle Samaad's August 22 article "Do credit unions stand poised to embrace socially responsible investing?" quotes me as saying members of Vermont Development Credit Union "invest $6 million in money market accounts, individual retirement accounts, and certificates of deposit with a heavy emphasis on socially responsible firms." I look forward...

  • An investment in members

    I enjoyed Paul Gentile's article on Tropical Financial CU and their progress with meeting members' investment needs (CU Times, August 22). Providing members investment products and investment management services will be very important in the future. In a few years the Baby Boomers will retire with 401k balances that will...

Opinion

  • Give your members what they want - a debit card

    In today's fast-paced society, writing a check, or standing behind someone who is, has become a frustrating and time-consuming task. More than ever, consumers are turning to debit cards for a wide variety of goods and services that have traditionally been purchased with checks or cash. In fact, debit card...

Publisher's Column

  • There are different ways to define membership

    Despite all the good that came out of the CUNA Renewal Project a few years ago, there still seems to be some confusion and outright disagreement over whether or not individual credit unions are direct members of CUNA, at least in the fullest definition of what membership actually means. In...

Quotes Worth Quoting

  • Quotes worth quoting

    "I don't think this is something that's going to drag us into a recession. I think we're going to come out of this OK." - NAFCU economist Jeff Taylor on the effects the attacks may have on the U.S. economy. "We've been through the bombing of the World Trade Center...

People

  • WEST

    Desert Schools Federal Credit Union, Phoenix, Ariz., has promoted C. Lee Brice to vice president of branch operations, marketing and business development; Carlos Pacheco to vice president of member support services; and John Wright to vice president of finance. U. S. First Federal Credit Union, San Francisco, has appointed the...

  • MIDWEST

    Heartland Credit Union, Madison, Wis., has named Chuck Ingwell chief operating officer. BSE Credit Union, Middleburg Hts, Ohio, CEO Betty Ellis has retired.

  • SOUTHWEST

    San Antonio Federal Credit Union, has appointed Carol Teitz, supervisory board chairperson; John Hayes, director; and David Velasquez, director and Demetrius K. Bivins as supervisory committee director. Shell Federal Credit Union, Deer Park, Texas, has announced that Board Director Johnny Garrison has recently passed away. Garrison was active in political...

  • EAST

    D.C. Credit Union League, Alexandria, Va., has named Edwin B. Wills, vice-president for District of Columbia Credit Union League operations. SSA Baltimore Federal Credit Union, Woodlawn, Md., has appointed the following officers to its board: Bernice Chase, president; Marti Peyton, first vice president; Donna Jackson, second vice president; Stanley Kluckwski,...

  • SOUTH

    Redstone Federal Credit Union, Huntsville, Ala., has promoted Sheree Vaughn Kelley to assistant vice president of finance. Health Services Credit Union, Jacksonville, Fla., has named Keith C. Davis assistant vice president of lending.

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