Credit Union Times Magazine March-20, 2002

Letters to the editor

  • A bad move by NCUA

    A recent issue on NAFCU "Update" reported the NCUA Board's unanimous vote to maintain the federal credit usury ceiling at 18%. I have never seen a more spurious reasoning for a bad move. A provision citing a rising rate environment was quoted. Further proponents maintain an 18% rate promotes risk-based...

  • Credit unions' governance structure - a positive model?

    In light of the unfolding Enron, Global Crossing and Computer Associates debacles, it would appear that various aspects of credit unions' governance structure might provide a useful model for forging corporate governance reforms. This is not to say that in the case of "for profit" corporations such aspects can be...

  • Only FCUs affected by NCUA position on CUSO service loans

    I read with interest the article "CUSOs cannot service loans not originated by credit unions, NCUA says" which appeared on page 15 of your February 20 issue. I, along with others at NASCUS, very much appreciate NCUA Associate General Counsel Sheila Albin's work and legal opinions on behalf of credit...

  • Something to be said about the good old days

    Credit Union Times is an excellent publication, but some of the recent news articles make me think of all the changes that have taken place since those days long gone by when CUNA met in the spacious and drafty Dane County Fairgrounds building in Madison, Wisconsin. I only mention this...

  • Too much being made over "good funds" bill pay model

    I wanted to offer some comments specific to Bill Payment and the difference between "Good Funds" and "Risk Based" made in a recent article on the Digital Insight/VIFI merger, "Digital Insight to convert VIFI clients by July" (CU Times, Feb. 27). Frankly, a lot of hoopla has been made surrounding...

Tech Bytes

  • Access Across America gets new Web page at NCUA site

    ALEXANDRIA, Va.-In conjunction with its new Access Across America program, NCUA has updated its Web site (www.ncua.gov) to include a page for the program. The new page consists of several useful links for credit unions, consumers, and other interested parties. In addition to links to all the other federal financial...

  • BVS now lets CUs define their own online courses

    CEDAR RAPIDS, Iowa - Credit unions can develop their own Internet-based courses with a new program from BVS Performance Systems. BVS has introduced "Course Maker" and "Test Maker" facilities as additions to the knowledge management (KM) system it provides at www.creditunionlearning.com. The BVS Library already offers more than 100 courses...

  • CUDL releases upgrade of transaction information software

    RANCHO CUCAMONGA, Calif. - CU Direct Corp. released Workflow Manager 2.0 enhanced software that allows credit unions to better manage information they receive electronically about financing requests made by members from auto dealership sites through the Credit Union Direct Lending system. CUDL Workflow Manager 2.0 is an upgrade from an...

  • Carolina Collegiate FCU's site recognized

    COLUMBIA, S.C. - Carolina Collegiate Federal Credit Union's Web Site (www.carolina.org) has received the 2002-2003 Golden Web Award. The award was given by The International Association of Web Masters and Designers in recognition for an outstanding Web Site, with special attention to design, originality and content. The CU's site offers...

  • Corporate America CU purchases assets of EPL's item processing division

    IRONDALE, Ala. - Corporate America CU, the former Alabama Corporate, is purchasing the assets of EPL's item processing division. EPL is best known in the credit union industry for its core processing, but it also had a strong item processing business. The corporate says this deal will increase its share...

  • Former M ONE advisors create new Cornerstone

    SCOTTSDALE, Ariz. - Several veteran consultants in the credit union space have left M ONE Inc. and formed a new firm, Cornerstone Advisors Inc. Technology and strategic project planning will continue to be a mainstay for the group, and they also will continue on with CUES Tech Port, a subscription...

  • InetSolution launches single login product

    UTICA, Mich. - InetSolution, Inc., an Internet technology development company specializing in technical solutions for credit unions, recently released an enhanced version of its data security system, CU MemberProtect. It will now allow single login access to all of a credit union's online services and applications. The gaps between a...

  • Liberty Cavion partners with Vertical Innovation for portal/aggregation offering

    MOUNDS VIEW, Minn. and ENGLEWOOD, Colo. - Liberty Cavion has partnered with Vertical Innovation to offer members the company's portal solution that includes account aggregation. Vertical Innovation's portal product features uMonitor's aggregation product. The aggregation module is an optional component of the portal. This is one of a number of...

  • NACHA E-Check rules now in effect

    HERNDON, Va. - New NACHA Operating Rules, known as the Accounts Receivable (ARC) application, went into effect on March 15. The new rules allow checks delivered to remittance and lockbox locations to be converted into e-checks using ACH. "With billions of checks sent to accounts receivable locations every year, the...

  • Navy Federal site ranked 13th by Jupiter

    NEW YORK - Jupiter Media Metrix has ranked the $15.1 billion Navy FCU's Web site (www.navyfcu.org) 13th on a new index measuring U.S. financial institution sites. The index measures number of unique visitors, usage intensity, usage frequency, and customer loyalty or transition. The following is the Top 20 financials based...

  • Need a credit union job? Go online

    AUSTIN, Texas - JobGusher, a service of Education Assistance Services, Inc., a subsidiary of Texas Guaranteed Student Loan Corporation, is hosting "Online Job Fair: Banking, Credit Union, and Financial Services Job Fair" for students and recent graduates, March 25-31, 2002. "The banking and financial services industry has a broad range...

  • Summit's McDermond co-chairs IFX Committee

    CORVALLIS, Ore. -Terrence McDermond, Senior Software Engineer at Summit, recently assumed the position of co-chairman of the Credit Application Working Group of the Interactive Financial eXchange (IFX) Forum. In his leadership role, McDermond will help steer development of IFX open system standards. "It's exciting to be a part of this...

  • re:Member Data hosting risk-based pricing seminar

    INDIANAPOLIS - Credit union data processor re:Member Data Services has joined with Fidelity National Credit Services and Experian to host a risk-based pricing seminar for credit unions. The two-day seminar will cover basic concepts of risk-based pricing and discuss how to evaluate pricing strategies. The seminar will be held from...

News

In Other News

  • BRANCHING OUT

    Point Loma Credit Union, San Diego, Calif., has held a ribbon-cutting ceremony to officially open its newest branch in San Marcos. PLCU now operates nine full-service branches in San Diego County. Members of the San Marcos Chamber of Commerce attended the grand opening celebration along with PLCU staff and Board...

  • DONATIONS

    Cabrillo Credit Union, San Diego, Calif., has helped member Yolanda France see gold. France is the winner of Cabrillo's Great Gold Giveaway contest and walked away with $100 in gold dollar coins. This contest was promoted in the credit union's first quarter newsletter and included an entry form, which the...

  • MILESTONES

    Pennsylvania Credit Union Foundation, Harrisburg, has reached a grant-issuing milestone. Generating funds and providing other resources for credit union survival, development and education are the primary functions of the PCUF. Since it was organized in 1996, the Foundation has shared more than $500,000 in grants. This past year the foundation...

  • SCHOLARSHIPS

    California Credit Union League, Rancho Cucamonga, has nominated The Golden 1 Credit UnionAdministrative Planning/Project Coordinator Amy Penick, for the World Council of Credit Unions' Young Credit Union Professionals Scholarship. This annual scholarship program is awarded to five young credit union professionals and leaders from within the international credit union movement...

News Briefs

People

  • EAST

    Northern Virginia Chapter of Credit Unions, Alexandria, has elected the following officers to its board: Jacqueline Connor, president; Gaye DeCesare, first vice president; Beverly Hold, second vice president; Jeanette McWilliams, secretary; and Frank Marciniack, treasurer. Capital Communications Federal Credit Union, Albany, N.Y., has promoted David Jurczynski to senior vice president...

  • MIDWEST

    Wisconsin Corporate Central Credit Union, Hales Corner, has named Melissa Goodlet business development representative. Macomb Schools and Government Credit Union, Clinton Township, Mich., has promoted Michael Stocker to vice president of products/development and Steve Brewer to chief financial officer.

  • SOUTH

    Memphis Area Teachers' Credit Union, Tenn., has promoted Connie J. Brown to sales manager. Carolina Trust Federal Credit Union, Myrtle Beach, S.C., has named Annette Barnette marketing specialist. Fairwinds Credit Union, Orlando, has promoted Meribeth Aaronson to vice president of information systems; Dianne Goigel to vice president of marketing; and...

  • SOUTHWEST

    Denton Area Teachers Credit Union, Texas, has promoted the following employees: Glen McKenzie, executive vice president of operations; R. Dean Barnes, Jr., senior vice president of lending; Barbara Harper, vice president of business development; Pam Hamm, vice president/branch coordinator; Kim Epting, vice president/controller; Jon Madsen, vice president consumer lending; Gretchen...

  • VENDORS

    Design Build Concepts, a design/build firm, has promoted Sharon S. Morris to senior vice president. Premier Systems Inc., an online processing/technology solutions provider, has named Mary Noblitt, regional sales manager; Gerald Arsenault, regional sales manager; and Gail Reed research and development manager.

  • WEST

    Woodstone Credit Union, Federal Way, Wash., has appointed Susan Streifel to the position of president/CEO. Government Agencies Federal Credit Union, El Centro, Calif., has appointed George Kirschner president/CEO. Kirschner replaces Beverly Dawson who retired in December 2001. Denali Alaskan Federal Credit Union, Anchorage, has named Gordy Miller human resources director....

Opinion

Publisher's Notebook

  • Living our core values

    On more than one occasion, readers have asked what makes Credit Union Times different. Besides the obvious, we tell them that very simply it's our core values. We live by them in every issue we publish and in all of our business relationships, too. At the heart of our editorial...

In Memoriam

  • Montgomery, former NCUA administrator, passes

    ATHENS, Texas - Austin Montgomery, former NCUA administrator and lobbyist for the Illinois Credit Union League, died March 6. Montgomery was sworn in as NCUA administrator at the White House in 1976, and he served in that capacity until 1978. As Administrator, he was responsible for the chartering, supervision, examination,...

Publisher's Column

  • Some things are not what they seem to be

    Several recent events make it clear that there's more than one way to look at something that on the surface may appear to be pretty much black and white. Take for example, discussions revolving around the attempt to modernize the widely despised CRA (Community Reinvestment Act). It appears to be...

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