Credit Union Times Magazine February-27, 2002

Events Calendar

  • 2002 ASSOCIATION MEETINGS AND EVENTS

    MARCH MARCH 3-5 ACUMA's Real Estate Lending Conference, Renaissance Scottsdale Resort, Scottsdale, Ariz., 480-991-1414. For info: Bob Dorsa, 877-44-ACUMA. MARCH 3-8 CUNA & Affiliates Center for Professional Development, Collections & Credit Counseling School, Tempe Mission Palms, Tempe, Ariz. For info: CPD, 800-356-9655, x 4249 or www.cuna.org. MARCH 3-8 CUES Execu/Summitt,...

  • 2002 VENDOR MEETINGS & EVENTS CALENDAR

    MARCH MARCH 4-8 Lending Solutions, Inc. Rex Johnson's University of Lending, Crystal Lake Holiday Inn, Crystal Lake, Ill. For info: Marsha Weider, 888-574-6572. MARCH 6-8 CNBS Institute Series, Aladdin Resort & Casino, Las Vegas, Nev., 800-311-8999. For info: Tammy Poe, 800-222-0978. MARCH 7-10 CU Conferences, Spring Training University Comprehensive Leadership...

News Briefs

  • ASI's Adams keeping an eye on IRA provision in insurance reform measures

    DUBLIN, Ohio - If it wasn't for one provision out of the many covered in the House and Senate versions of bills to reform federal deposit insurance, American Share Insurance's Dennis Adams wouldn't be concerned. ASI's president, though, is keeping an eye on the bill's provision that would double deposit...

  • CO-OP promotes Hanisch, Porter

    ONTARIO, Calif. - CO-OP Network has promoted two key executives. Jim Hanisch moves from senior vice president to chief information officer/executive vice president of corporate development, and Eric Porter moves from vice president of business development to senior vice president of business development/national sales. "Jim and Eric have been integral...

  • CUNA's new exhibit hall system leaves some long-time GAC vendors on the sidelines

    WASHINGTON - CUNA has a new system for awarding exhibit hall space for its popular GAC set to open Feb. 24 that has left some long-time vendor supporters without a booth for this year's GAC. "We've supported the GAC for 10 years and now they're telling us because they want...

  • Colorado Senate Panel passes predatory lending bill

    DENVER - A bill to curb predatory mortgage lending in Colorado has easily cleared its first hurdle, winning a 6-1 vote by the Senate Business Labor and Finance Committee. The measure, backed by a broad coalition of consumer groups and joined by the Colorado Credit Union League, would set new...

  • Furukawa CU Times Hawaii correspondent

    WEST PALM BEACH, Fla. - With credit unions in Hawaii growing in prominence, it has become increasingly important for Credit Union Times to provide timely coverage of news concerning the state's credit unions despite a six-hour time difference between Hawaii and our offices. George Furukawa has joined our team of...

  • Pentagon FCU CEO makes "Fast 50"

    ALEXANDRIA, Va. - Fast Company readers have named Pentagon Federal Credit Union President/CEO Frank Pollack as one of the magazine's "Fast 50 Champions of Innovation." Ranked third, Pollack was recognized for "rallying his troops around a balanced scorecard that puts member satisfaction first, employee satisfaction second, and financial performance third."...

In Other News

  • AWARDS

    Oregon Metro Federal Credit Union, Eugene, has recently awarded outstanding staff members and volunteers who demonstrated their commitment to Oregon Metro throughout 2001. Serving as positive examples of how to successfully serve each member, the winners are nominated by peers. This year's recipients are as follows: Heather Tucker, Rookie All-Star;...

  • BRANCHING OUT

    First Community Credit Union, St. Louis, Mo., has opened its latest branch in St. Charles. The full-service branch features four drive-up lanes and a drive-up ATM. The branch was designed by HBE Corporation, a design/build firm. @LANTEC Financial Federal Credit Union, Virginia Beach, Va., has opened its fourth branch in...

  • DONATIONS

    Municipal Employees Credit Union of Baltimore, for the third consecutive year, has exceeded its goal for the 2001 combined Charities Campaign by raising over $34,000. MECU has contributed to over 100 agencies registered with Combined Charities and ranks eighth for donations among a list of 30 agencies in Baltimore City....

  • MILESTONES

    Wisconsin Credit Union League, Pewaukee, has recognized the following credit unions that will be celebrating landmark anniversaries in 2002: 75 years- Kenosha Postal Employees CU, Pioneer CU; 50 years- Douglas County CU, Brokaw CU, Lakeside, CU Dings Employees CU, Harbor CU, Whiting Plover CU, Dairyland Power CU, U.S. Paper Mills...

Tech Bytes

  • Alphabet of training options offers expertise, but doesn't replace experience

    COLUMBIA, S.C. - Brad Wood knows a lot of certifications, that seemingly never-ending list of acronyms that indicates specialized training in a specific technology or vendor's product. As network administrator at Clark County Schools Employees Credit Union in Vancouver, Wash., Wood has to know what they mean when he hires...

  • Aurum partners with Baker Hill

    PLANO, Texas - Aurum Technology Inc. has partnered with Baker Hill to enhance business CRM and online loan application processing with its core system, MISER. Aurum will employ Baker Hill's OnePoint business banking Customer Relationship Management (CRM) solution and Bank2Business.com commercial loan application system as channel extensions and decision-support tools...

  • CU Exec Center hosts online MBL chat

    MADISON, Wis. - Charles Grossklaus, president and CEO of Royal CU, Eau Claire, Wis., fielded more than 30 questions about credit union member business lending during a one-hour live online chat recently at CUNA's new CU Executive Center located at www. Cucenter.cuna.org. Royal CU, with $575 million in assets, has...

  • CU Village.com adds Equifax online tools

    NORTHVILLE TOWNSHIP, Mich. - Equifax Consumer Services Inc. and CU Village.com, Inc. have entered into an agreement to provide credit unions the ability to participate in the Equifax online affiliate program. Under the agreement, participating CU Village.com credit unions can offer members Equifax's online consumer credit services, including Equifax Credit...

  • CUNA Mutual offers small CUs a tech toolkit

    MADISON, Wis. - CUNA Mutual is offering a new technology "toolkit" to credit unions with less than $20 million in assets to help them make informed tech decisions. The Small Credit Union Connectivity Toolkit features a guidebook, a calculation tool and a Filene research report. "About 40% of credit unions...

  • Customer retention main impetus for providing aggregation

    CAMBRIDGE, Mass. - Why do financial services organizations offer account aggregation? The primary reason, according to a Forrester Research study, is customer retention. Some 51% of 45 financial providers, when surveyed, say customer retention is the main driving force. Interestingly, the next most popular reason was fee potential, coming in...

  • Langley FCU donates computers

    HAMPTON, Va. - Langley Federal Credit Union has donated over 60 computers to local non-profit organizations within the past year. Non-profit recipients were selected based on their resource needs. As LFCU upgrades internal systems, area organizations are polled for system requirements. In most cases, computers are donated on a first...

  • Liberty Cavion, Reed Data partner

    ENGLEWOOD, Colo. & MIDWAY, Utah - Credit union Net banking firm Liberty Cavion and core processor Reed Data, Inc. have partnered to integrate Reed Data's suite of optical imaging and archiving systems with Liberty Cavion's Internet banking solutions. According to Mike Provenzano, Liberty Enterprises Executive Vice President, Internet Applications and...

  • Member-relationship technology evolves along with issues

    COLUMBIA, S.C. - Credit unions would seem to have a natural advantage as the next phase of customer-relationship management - or member-relationship management - solutions and technology sweep through the business world. According to Gartner Inc., a Connecticut-based think tank and consultancy, 40% of enterprises with such solutions in place...

  • Some credit unions toss aside old PBX system for IP telephony solutions

    COLUMBIA, S.C. - Serving up cutting-edge technology to a tech-savvy membership wasn't the goal of Blackhawk Credit Union when it decided to go with IP telephony for its phone service. In fact, the $190 million, 40,000-member community CU in southwestern Wisconsin made the move to cut phone bills and create...

  • Surge in spending on advanced Web tools

    NEWTON, Mass . - In another sign of how much mere brochure-ware has become a thing of the past, major financial institutions worldwide are rapidly escalating the amount of money they're spending on sophisticated self-help Web banking applications. According to a just-released report by Meridien Research, a financial technology research...

News

People

  • CENTRAL

    Kemba Credit Union, Cincinnati, Ohio, has promoted Daniel Sutton to vice president of finance/chief financial officer. Hopewell Federal Credit Union, Heath, Ohio, has named Marvin D. Oneson chief financial officer.

  • EAST

    Citadel Federal Credit Union, Thorndale, Pa., has elected Kevin Gravett and Frank Taddeo Sr., Citadel Financial Services board directors. Chartway Federal Credit Union, Virginia Beach, Va., has named Lori Ruzzano sales manager for the Wakefield and Warwick branches in Rhode Island. SSA Baltimore Federal Credit Union, Maryland, has named William...

  • SOUTH

    Oklahoma Credit Union League, has announced that former staffer Kelly Harker has accepted an operations position with Dowell Federal Credit Union. Louisiana Credit Union League, Harahan, has named Catherine Mayeaux member services consultant. In addition LCUL Director of Training/Development Kate McPike has been named President-Elect of the New Orleans Chapter...

  • SOUTHWEST

    Sandia Area Federal Credit Union, Albuquerque, N.M., has named the following four new vice presidents: Amy Aylward, vice president human resources; John Johnson, vice president information technology; Paula Mecca, vice president operations; and Anne McKinney vice president marketing.

  • WEST

    Redwood Credit Union, Santa Rosa, Calif. Has named Brett Martinez senior vice president/chief operations officer. Travis Credit Union, Vacaville, Calif., has named Cathy Rios vice president of marketing/product development. Financial 21 Community Credit Union, San Diego, Calif., has named Melinda Collins community relations officer.

Publisher's Column

  • CUs may be helping predatory lenders grow

    Many years ago, the proliferation of vicious and unscrupulous loan sharks gave impetus to the formation of a new idea called credit unions. It wasn't long before these member-owned cooperatives began to replace the sharks as lenders of last resort. But the loan sharks never went completely away. They are...

Letters to the editor

  • Cooperative better name than credit union

    I read with great interest Richard Rays' comments in the January 23, 2002 issue of Credit Union Times about the words "credit union" that follow the trade names of the institutions in our movement. I agree with Richard that the word "union" does not properly describe what we do for...

  • Credit union name is just fine as is

    In regard to Mike Welch's February 13th "Kudos" publisher's column, I'm not in favor of changing from "credit union." I really don't think it's necessary, especially since the advent of share drafts. Besides, credit union logos are seen every day by the American public. They've become commonplace. They're out there,...

  • NAFCU's objection to reg relief for privately insured SCCUs unfounded

    Sometimes an event occurs that, perhaps unintentionally, speaks to the motivations and beliefs of groups within the credit union community. I have strong concerns with the statement attributed to NAFCU in the Feb 13, 2002 edition of Credit Union Times, in which they express opposition to a provision in a...

  • Second thoughts on CAP

    I've followed with great interest the debate on whether or not the repeal of CAP was an appropriate action on the part of the NCUA Board. I know that mainstream credit unions are pleased. I was pleased. Just for the record, I never felt that CAP was necessary. I argued...

Publisher's Notebook

  • For the record

    Records are made to be broken. This is the largest weekly issue of Credit Union Times ever published. Yet, the fact that you are holding a record-breaking 120-page issue in your hands is less important to you as a reader than what our editorial staff has written to fill these...

Opinion

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