Credit Union Times Magazine June-05, 2002

In Other News


    Keesler Federal Credit Union, Biloxi, Miss., has recently honored several employees for their loyalty and years of service. Each employee received a service pin as recognition. The following employees were recognized for five years of service: Joy Kelly; Susan Shisenant; David Ouille; Jaime Werda; Scott Leggitt; Annell Bahm; Carla Buchanan;...


    Ohio University Employees' Credit Union, Athens, Ohio, has raised $1,755 for the Big Brothers and Big Sisters of Athens County. For the third year OUECU was the top fundraising organization with five teams of credit union employees bowling. OUECU employee Kim McGowan was the fourth highest individual money raiser this...


    Pen Air Federal Credit Union, Pensacola, Fla., has reached a major milestone of surpassing $500 million in assets. Chartered in 1936, the credit union operated out of a small office in a building aboard NAS-Pensacola with just a couple employees and a few thousand in assets. By the end of...


News Briefs

Looking Back

Tech Bytes


  • EAST

    Dexter Credit Union, Central Falls, R.I., has named Michele M. Gousie human resources manager. First Atlantic Federal Credit Union, West Long Branch, N.J., has promoted Felicia M. Di Rocco to vice president of marketing/business development. In addition FAFCU has elected the following officers to its board: Samuel M. Esposito, chairman;...


    Heritage Credit Union, Madison, Wis., has announced that its longest serving board of director, Donald Bacon has retired. Bacon was elected as a director in 1959 and served as an unpaid volunteer. During his tenure he served as chairman, secretary and treasurer. Credit Union ONE, Ferndale, Mich., has elected the...


    Volunteer Corporate Credit Union, Brentwood, Tenn., has elected Nancy Holt board director. Alabama Credit Union, Tuscaloosa, has named Gary R. Zane vice president for lending. Georgia Central Credit Union, Duluth, has named Cory Johnson, assistant vice president of investment services and Dawn Sirras, director of product development.


    Mobiloil Federal Credit Union, Beaumont, Texas, has elected the following officers to its board: Richard Hegele, chairman; Paul Wheelington, 1st vice chairman; Tony Lucenti, 2nd vice chairman; Floyd Price, secretary/treasurer; Scott McCauley, supervisory committee chairman; Giacomo Figlia, director; Raul Morales, Jr., director; Jim Norton, director; Wayne Pratt, director; Ronnie Sciarrilla,...


Publisher's Column

  • Merger numbers up and more on the way

    The credit union industry is getting considerably larger, but the number of players spearheading that growth, with one exception, is getting smaller. Industry assets have gone over $500 billion. Membership will soon be flirting with a 100 million milestone. The number of high-tech delivery systems, products, services, ATMs, and branches...

Letters to the editor

  • Secondary capital not the savior

    In the current excitement over credit unions' potential access to secondary capital, I am compelled to raise a cautionary flag. While I completely understand and agree with the need for secondary capital in appropriate situations, credit unions should not consider secondary capital to be a "Silver Bullet" solution. Unlike retained...


  • What to do when the boom begins to wane?

    After cranking out a record $47.4 billion in first mortgage loans in 2001 (see table), credit union mortgage lenders will see slower mortgage activity as sated housing demand and higher interest rates affect the mortgage market in 2002. So what will slower real estate lending mean for credit union lending...

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